M&A Deal Summary

mCig Acquires Vapolution

On January 24, 2014, mCig acquired consumer products company Vapolution

Acquisition Highlights
  • This is mCig’s 1st transaction in the Consumer Products sector.
  • This is mCig’s 1st transaction in the United States.
  • This is mCig’s 1st transaction in California.

M&A Deal Summary

Date 2014-01-24
Target Vapolution
Sector Consumer Products
Buyer(s) mCig
Deal Type Add-on Acquisition

Target

Vapolution

Chico, California, United States
Vapolution, Inc. is an herbal vaporizer company based in Northern California Vapolution offers a technique for avoiding irritating respiratory toxins in smoke by heating tobacco / herbs to a temperature where the desired ingredients vaporize without causing combustion.

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Buyer(S) 1

Buyer

mCig

Beverly Hills, California, United States

Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

mCig, Inc. is a technology company focused on two long-term secular trends sweeping the globe: (1) The decriminalization and legalization of marijuana for medicinal or recreational purposes (2) The adoption of electronic vaporizing cigarettes (commonly known as "eCigs") by the world's 1.2 Billion smokers.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1