Obitx Inc., 49% Owned by mCig, Inc., Received FINRA Approval for Trading Symbol (OBTX)
JACKSONVILLE, FL, March 19, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – mCig, Inc. (MCIG), an innovative biotech company focused on development and commercialization of over the counter, science-driven, botanical nutrigenetics targeting the endocannabinoid system, medical devices, and research & development, today announced that the Financial Industry Regulatory Authority (FINRA) approved electronic quotation on the OTC Bulletin Board of common shares of OBITX Inc, under the symbol OBTX. MCIG Inc, owns 49% of Obitx Inc.
Recently satisfying all requirements of rule 15c2-11, OBTX has been granted a symbol to be listed on the OTC Markets making the company stock more attractive to potential investors and increasing visibility within U.S. equity markets. We are pleased to announce that all financials will be updated very shortly, and that the company has started negotiations for potential acquisitions that we believe will bring immediate revenues. We will be laying out an exciting plan very soon regarding the future direction of the company.“We are looking forward to the new opportunities that come with OBTX finally satisfying the regulatory process. Now is the time to be excited about the future of the company which will be laid out more specifically in the coming weeks,” stated Paul Rosenberg of MCIG Inc.About MCIG GroupHeadquartered in Jacksonville, Florida, mCig, Inc. (MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands.The Company has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit www.mciggroup.com.Visit us on Facebook @ https://www.facebook.com/mCigInc/Follow us on Twitter @mcigIncForward-Looking StatementsThis press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: potential, expect, look forward, believe, dedicated, building, or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at www.mciggroup.com.Contact:mCig, Inc.Paul Rosenbergpaul@mciggroup.org