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Alan Brochstein, CFA
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Alan Brochstein, CFA has worked in the securities industry since 1986, primarily with the responsibility for managing investments in institutional environments until he founded AB Analytical Services in 2007 in order to provide independent research and consulting to registered investment... More
My company:
420 Investor
  • 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 (OTC:PHOT), and wanted to tell me his story. This is a huge benefit to being the "Cannabis Financial Analyst" at 420Investor.com!

    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.

    READ MORE

    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.

    Themes: Cannabis Stocks: MCIG
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