mCig, Inc. provided earnings guidance for the first quarter ended July 31, 2014. For the quarter, the company expects to report revenue of $195,565, which represents a 1,500% increase when compared with revenue of $12,500 over the same period in 2013. This figure excludes revenue associated with operating subsidiaries that are still being integrated pursuant to the framework previously discussed by management and in fillings with the Securities and Exchange Commission.

The company expects to report gross profit margin of 50.18% maintaining its gross profitability in line with prior quarters. This figure does not reflect the recent price increase of both the mCig(R) and VitaCig(R) which the company believes will contribute to an increase in Gross Profit Margin in subsequent quarters.