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Alan Brochstein, CFA
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Alan Brochstein, CFA has worked in the securities industry since 1986. He founded AB Analytical Services ( in 2007 in order to provide independent research and consulting to registered investment advisors. In addition to advising several different hedge funds and investment... More
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  • New Reverse Merger In Cannabis Space Worth Getting To Know 0 comments
    Sep 20, 2013 12:18 PM | about stocks: MCIG

    Earlier this week, I was approached by Paul Rosenberg, CEO of mCig (LTCH.OB), which recently reverse merged with Lifetech Industries. He was impressed with my interview of Sterling Scott CEO of GrowLife (OTCPK:PHOT), and wanted to tell me his story. This is a huge benefit to being the "Cannabis Financial Analyst" at!

    His company is about to launch a $10 vaporizer that could become a category killer. The current symbol is LTCHD, but it will change to MCIG on 9/24. Having exchanged some emails with Rosenberg, reviewed the corporate website and the company's press releases and having read the two SEC filings, I am impressed with many aspects of the story. With Washington and Colorado getting close to implementing legal marijuana for recreational purposes, this stock could get a lot of attention. With that said, I think that the current price is too high and expect it to fall. I am sharing some initial thoughts today and plan to follow up with a more comprehensive interview with Rosenberg.


    NOTE: Symbol will become (OTCQB:MCIG) on 9/24/13

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: MCIG
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