With the spin off of shares of Vitacig already occurring, shareholders of mCig now own one share of VTCQ for every share of mCig that they own.
As it stands now, VitaCig is growing revenue at a faster pace than mCig. This bodes well for investors, as this potentially could lead to an increased price per share once trading starts. Right now, I estimate that investors are valuing Vitacig shares at 5 cents per share.
When mCig was featured on CNBC, correspondent Jane Wells tried out the VitaCig on air. This lead to a high level of marketing for the new company, and with its healthy approach, it could be a huge hit.
This has lead in part to what I believe is the reason as to why revenues of VitaCig are growing faster than mCig's, in addition to the fact that it is a niche market that is much less served than the marijuana market.
Going forward, I expect investors to soon find out what the shares of the combined companies are truly worth.
Disclosure, I am long mCig and Vitacig.
As it stands now, VitaCig is growing revenue at a faster pace than mCig. This bodes well for investors, as this potentially could lead to an increased price per share once trading starts. Right now, I estimate that investors are valuing Vitacig shares at 5 cents per share.
When mCig was featured on CNBC, correspondent Jane Wells tried out the VitaCig on air. This lead to a high level of marketing for the new company, and with its healthy approach, it could be a huge hit.
This has lead in part to what I believe is the reason as to why revenues of VitaCig are growing faster than mCig's, in addition to the fact that it is a niche market that is much less served than the marijuana market.
Going forward, I expect investors to soon find out what the shares of the combined companies are truly worth.
Disclosure, I am long mCig and Vitacig.
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