mCig Inc (OTCMKTS:MCIG) appointed Joe Spencer as the Executive VP of its CBD Hemp Oil Division. Apart from the new appointment, mCig announced launch of its new CBD-based product line and a unique CBD hemp oil vape pen. The new products were introduced at Academy Awards Celebrity Gift Suite in Hollywood, California. The CBD products are aimed for both industrial and consumer markets.
New range of products
mCig Inc (OTCMKTS:MCIG) expanded its products offerings for consumer and industrial markets. It now includes premium standard CBD hemp oil vape pens, tinctures, capsules, drops, edibles and many other CBD-infused products. As part of its marketing and sales plan, mCig is introducing two new websites that will support online merchandising and sales of its CBD-infused products. The two websites are www.USAHemp.com and www.JustCBDOil.com.
The new online websites will be functional in next couple of weeks. Paul Rosenberg, the CEO of mCig Inc (OTCMKTS:MCIG), said that one website will be functional by the end of this month. The company expects to generate record revenues from its expanded portfolio of CBD-infused products over the next quarter.
Joe Spencer will assist mCig Inc (OTCMKTS:MCIG) in its venture into the CBD consumer nutraceutical products industry. The nutraceutical and dietary supplement industry in the U.S. is expected to generate revenues of $42 billion annually. The CBD based products can serve a wide range of homeopathic needs.
Spencer understands value of CBD-based products as he has taken treatment of cannabis. In 2003, he suffered from a debilitating unexplained neurological illness, and it was in 2007 Spencer was diagnosed with chronic Lyme disease. Following diagnose, he was suggested a long-term antibiotic treatment. It was during this time Spencer started research on alternative diagnosis and treatment options. His research revolved around the medicinal value of cannabinoids. It resulted in funding R&D projects related to CBD throughout Europe. Spencer brings tremendous expertise and experience of CBD nutraceuticals to the company.