MCIG, INC. (OTCMKTS:MCIG) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Change in Registrants Auditors
(a) Previous independent registered audit firm.
EffectiveNovember 15, 2016, the Registrant dismissed Malone
Bailey, LLP (“Malone Bailey”), which did audit Registrants
year-end financial statements for the year ended April 30, 2016.
The change in the Registrants auditors was recommended and
approved by the Board of Directors of the Registrant.
During the year ended April 30, 2016 therewere no disagreements
with Malone Bailey (as defined in Item 304(a)(1)(iv) of
Regulation S-K) on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or
procedure, which disagreements, if not resolved to the
satisfaction of Malone Bailey, would have caused them to make
reference thereto in their report on financial statements for
such years.
During the year ended April 30, 2016 and through November15,
2016, there were no reportable events (as defined in Item
304(a)(1)(v) of Regulation S-K).
The report of the independent registered public accounting firm
of Malone Bailey for the year ended April 30, 2016 did not
contain any adverse opinion or disclaimer of opinion, nor was it
qualified or modified as to audit scope or accounting principle.
However, the report contained a going concern paragraph.
The Company provided Malone Bailey with a copy of this report on
Form 8-K in accordance with Item 304(a) of Regulation S-K prior
to its filing with the Securities and Exchange Commission and
requested thatMalone Bailey furnish the Company with a letter
addressed to the Securities and Exchange Commission stating
whether it agrees with the above statements and, if it does not
agree, the respects in which it does not agree. A copy of the
letter from Malone Bailey filed as Exhibit 16.1 hereto and
incorporated herein by reference.
(b) New independent registered public accounting firm.
On November 15, 2016, and effective the same date, on the
recommendation of the Registrants Board of Directors, the
Registrant engaged Weinstein Company, as its independent
registered audit firm to audit the Registrants financial
statements for the fiscal year ended April 30, 2017 and to
perform procedures related to the financial statements included
in the Registrants quarterly reports on Form 10-Q, beginning with
the quarter ending October 31, 2016.
During the fiscal year ended April 30, 2016 and through the date
of the engagement ofWeinstein Company, neither the Registrant nor
anyone on its behalf has consulted with Weinstein Company,
regarding either:
(a) The application of accounting principles to a
(b) Any matter that was either the subject of a
Item 9.01.Financial Statements and (d) Exhibits |
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Exhibit No. |
Description |
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16.1 |
Letter of Malone Bailey, LLP to the Securities and |
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About MCIG, INC. (OTCMKTS:MCIG)
mCig, Inc. is a diversified company servicing the legal cannabis, hemp and CBD markets through its lifestyle brands. The Company has transitioned from a vaporizer manufacturer to industry large scale, full service cannabis cultivation Construction Company with its Scalable Solutions division operating in a Nevada market. The Company has two divisions: mCig Construction Division and mCig Commercial Division. The Company’s construction division constructs commercial buildings and modular buildings according to plans supplied by the customer, or act as a design/build firm taking the customer from concept to full turnkey occupancy, utilizing modular technology and structural insulated panels. The Company manufactures, distributes and retails the mCig, a loose-leaf electronic vaporizing cigarette (eCig). The Company’s subsidiary, Vapolution, Inc., manufactures and retails home-use vaporizers, such as the Vapolution 2.0. MCIG, INC. (OTCMKTS:MCIG) Recent Trading Information
MCIG, INC. (OTCMKTS:MCIG) closed its last trading session down -0.002 at 0.138 with 4,333,233 shares trading hands.