mCig, Inc.(OTCPK: MCIG) acquired assets and operations from VitaCig, Inc. for $0.98 million on June 22, 2016. As a part of the consideration mCig, Inc. will return of 172.5 million shares of VitaCig common stock to the treasury of VitaCig, Inc. and reduce the amount owed to the mCig, Inc. of $0.12 million in excess of $0.09 million. The completion of the transaction is subject to government approvals.

mCig, Inc.(OTCPK: MCIG) completed the acquisition of assets and operations from VitaCig, Inc. on June 22, 2016.