The accompanying consolidated audited financial statements of mCig, Inc., (the Company, we, our), have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (SEC). Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries and have been prepared in accordance with U.S. generally accepted accounting principles (GAAP). All significant intercompany accounts and transactions have been eliminated. The consolidated financial statements include the accounts of the Company and its subsidiaries:  Agri-Contractors, LLC (AGRI)  CAAcres, Inc., (CAAcres)  80% ownership  CA Acres Foundation (FKA NewCo2, Inc.,) (CALF)  80% ownership  CBJ Distributing, LLC (CBJ)  80% ownership  Grow Contractors Inc., (GROW)  mCig Internet Sales, Inc., (MINT)  mCig Limited (MCIGL)  NYAcres, Inc., (NYAcres)  OBITX, Inc., (FKA GigeTech, Inc.) (GIGE)  53% ownership and 95% voting control  Tuero Asset Management, Inc. (TAMI)  Tuero Capital, Inc., (TUERO)  Vapolution, Inc., (VAPO)  VitaCig, Inc., (VITA) Description of Business Originally, we were formed to open and operate a full-service day spa in Montrose, California. In October 2013 we repositioned ourselves as 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; and, (2) the adoption of electronic vaporizing cigarettes (commonly known as eCigs). The Company initially earned revenue through wholesale and retail sales of electronic cigarettes, vaporizers, and accessories in the United States. It offered electronic cigarettes and related products through its online store at www.mcig.org, as well as through the companys wholesale, distributor, and retail programs. We expanded operations to include the VitaCig brand in 2014. In FY2015 we began offering hemp-based cannabinoid (CBD) products through various websites. In 2016 the Company expanded its products and services to include construction. In 2017 we added consulting services in the cannabis industry. In addition, we launched a social media platform, 420Cloud, in the cannabis markets. In 2018 we added agriculture by entering into a relationship with FarmOn! Foundation, a not-for-profit New York based business, planting approximately 13-acres of hemp crops under a license obtained by FarmOn! Foundation in New York state. FarmOn! Foundation has unilaterally attempted to terminate the agreement, has failed to compensate MCIG for the crop, and has failed to reimburse MCIG the funds paid for production of the hemp. MCIG has initiated legal action to protect its shareholders rights and to ensure MCIG is properly compensated for the endeavor (see Footnote 12). We acquired approximately two acres of land in California City, California and obtained three cannabis licenses (cultivating, manufacturing, and distribution of cannabis products in California). In addition, the Company continues to look at strategic acquisitions in product and service developments for future growth. On June 30, 2018 we acquired 80% of CBJ Distributing, a cannabis supply company in Nevada. During this fiscal year, we operated multiple websites (which are not incorporated as part of this Form 10K report). The Companys primary website is www.mciggroup.com . Subsidiaries of the Company Operating Subsidiaries : The following companies currently operating are consolidated with mCig, Inc., financial statements: CAAcres, Inc. CAAcres, Inc., (CAAcres) was incorporated on May 10, 2018 under the laws of the state of California. CAAcres was created to participate in the Joint Venture with Cal Foundation for the cultivation, manufacturing, and distribution of cannabis products within the state of California. CAAcres is an agriculture venture for the cultivation, manufacturing and distribution of cannabis products. We are currently assessing the requirements for the build out of the land acquired in California City, California for this project. CAL Foundation (FKA Newco2, Inc) NewCo2, Inc., was created on January 19, 2018 as a California not-for-profit company. We own 80% of the not-for-profit business. NewCo2, Inc., maintains three cannabis licenses in the State of California. On August 6, 2018 the name was changed to Cal Acres Foundation, Inc. CBJ Distributing, LLC On June 30, 2018 the company elected to exercise its option to acquired Cannabiz Supply with an effective date of May 1, 2018. The purchase price was $3,457,796. mCig Internet Sales, Inc. On June 1, 2016, the Company incorporated mCig Internet Sales, Inc., (mCig Internet) in the state of Florida in order to operate our CBD business and to consolidate all wholesale and online retail sales from various websites. mCig Internet is a wholly owned subsidiary of the Company. OBITX, Inc. We incorporated GigETech, Inc., in the state of Delaware on April 3, 2017. We then assigned our newly acquired social media platform software to GigETech. We launched the social media platform on April 20, 2017. GigETech, Inc., subsequently changed its name to OBITX, Inc. Currently we have approximately 95% voting control and 53% ownership on a fully diluted basis of OBITX. OBITX is currently filing an S-1 Registration statement to become an independent publicly traded company. Tuero Asset Management, Inc. We incorporated Tuero Asset Management, Inc., in which to manage all our intellectual and intangible assets. Vapolution, Inc. Effective January 17, 2017 we began consolidating Vapolution with the Companys financial reports. Vapolution, Inc., is wholly owned by mCig, Inc. VitaCig, Inc. On May 26, 2016 we incorporated VitaCig, Inc., (VitaCig) in the state of Florida. VitaCig headquarters our global e-cig operations. VitaCig, Inc., is a wholly owned subsidiary of the Company. Discontinued subsidiaries: The following companies are no longer operating but are consolidated due to activity conducted during the fiscal years ending April 30, 2019 and April 30, 2018: Agri-Contractors, LLC On November 18, 2016 we acquired, through a Purchase Agreement, Agri-Contractors, LLC. We combined the operations of Agri-Contractors with Grow Contractors Corp and expanded the services to include consulting. We merged the operations of Agri-Contractors, LLC with Grow Contractors in December 2016. Agri-Contractors, LLC provides consulting services to grow facilities, production companies, and dispensaries servicing the cannabis medical and recreational markets. Grow Contractors Inc The Company incorporated Grow Contractors Inc., on December 5, 2016. Grow Contractors Inc, operates the construction and consulting segment. On November 18, 2016, the Company purchased Agri-Contractors, LLC and assigned the Grow Contractors name and website to Grow Contractors Inc. Grow Contractors Inc. is a wholly owned subsidiary of the Company. mCig Limited We incorporated in May 2017 to provide corporate oversight to MCIG, and its subsidiaries, operations within the European theatre. mCig Limited., was incorporated in the United Kingdom. mCig Limited , is a wholly owned subsidiary of the Company. NYAcres, Inc. NYAcres, Inc., (NYAcres) was incorporated on November 20, 2017 under the laws of the state of New York. NYAcres was created to participate in the Joint Venture NYAcres with FarmOn! Foundation. The joint venture is an agriculture venture for the planting and growing of industrial hemp. Tuero Capital, Inc. We incorporated in May 2017 to provide financial services to our clients . Tuero Capital provides financial services and consulting to cannabis and cryptocurrency markets. Subsidiaries owned but not consolidated : The following companies are not consolidated with the financial statements as the Company does not have control of the entities, nor directs their operations: Omni Health, Inc., (FKA - VitaCig, Inc.) Omni Health, Inc., a Nevada Corporation, is a public company trading under OMHE. The current OMNI management team has elected to discontinue its reporting process and is no longer a fully reporting public entity. As such, the Company, which treats its ownership as a cost basis investment, has elected to impair its cost basis (see Footnote: 9)