mCig Inc (OTCMKTS:MCIG) has recently announced details about its extraction division. There are a number of services and products that the company is offering to the cannabis industry through this division. Currently, the company is busy with its mCig supercritical CO2 unit, which is also its flagship product. The company also plans to cater to specific needs to the marijuana industry. The company also has a Chief R&D Officer, Mike Snody, who has 25 years of experience with respect to technological developments.
The company assures its investors and customers that they have assembled a world class team of industry experts, engineers and skilled technicians to provide the best service possible. The company, through this new division, aims at developing and marketing high-performance supercritical CO2 extractors. The idea behind this equipment is to use a non-flammable and non-toxic solvent, such as CO2. This way the company would be reducing environmental impacts and take other safety concerns into account.
The extraction team is to work along with Addax SuperCritical, which would take care of the marketing of the extractors and also develop them further for better efficiency and improved performance. The company also plans to combine its extraction division with the construction and engineering division. This would enable the company to produce custom built equipment that would suit the needs of individual customers.
Having Mr. Snody on the team has been a great achievement for the company, since his impressive portfolio is one that makes him an expert on every level of the industry. He is familiar with the requirements for the processes involved and knows the rules and regulations within which a company is bound. Under his lead, the development team should thrive and be able to attract more clients for their products. The company is working in close order with Addax SuperCritical as well, to create a solvent-free extraction method. This announcement has come amid safety concerns that have arisen regarding the potential hazards of the extraction equipment.
mCig Inc (OTCMKTS:MCIG) closed at $0.0980 losing 1.01% in yesterday’s trading session.