After publishing a piece on mCig, Inc. I was contacted by CEO Paul Rosenberg, who raised a few concerns with respect to my claims about the company, its products, and my analysis of their targeted industry.
Following a productive exchange with mCig, Inc., I was able to see the differences between the mCig 2.0 and the devices I had originally compared it with.
While I maintain that mCig is extraordinarily overvalued by the conventional metrics that I regularly use to value investment opportunities, the primary product (the mCig 2.0) was only launched 60 days ago, indicating that the company's story is still in its infancy.
I will continue to conduct followup due diligence and re-evaluate the true extent of the overvaluation once I am able to quantify their results after several quarters of growth and reported figures.
Overall, I was pleasantly surprised by my exchange with mCig management and can see the clear difference between this company and Vape Holdings who would not engage me in any dialogue.
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