Medican Enterprises, Inc. (MDCN)

medican-logo-2Medican Enterprises, Inc is a North American bio-pharmaceutical company delving in medical marijuana. Based in Nevada, the company has established its operations in both the US and Canada, and aims to be the largest medical cannabis supplier in the region. Its main activities are in the research, cultivation, and wholesale distribution of medicinal marijuana. In addition, the company provides business finance solutions to projects it is interested in.

Medican’s marijuana operations are done through its wholly owned subsidiary Medican Systems, Inc. This subsidiary operates the Medical Marijuana Cultivation and Research Facilities, which has already applied for a license under Canadian marijuana regulations. With this application, the company hopes to be one of the first in the country to become licensed commercial producers of marijuana.

There are five strains of pharmaceutical-grade cannabis that Medican is currently focusing on. These strains vary in their levels of THC and CBD, the medicinal compounds of marijuana. Medican’s in-house scientific team, which comprises R&D and horticulture professionals, handles these strains.

Another business of Medican is providing specialty financing services, like strategic planning and valuation, to its joint venture partners. Currently, its partners are the Lions Financial Group, which offers financial expertise and support in accounting; and International Herbs Medical Marijuana Ltd (IHMML), which facilitates marijuana grow operations and distribution. IHMML also purchased a Canadian cannabis facility covering 400,000 square feet.

The company was founded way back in 1988 as Extant Investments, Inc. It then became Sentinel Scientific, Inc, and then TC X Calibur, Inc. Finally, in 2013, it became Medican Enterprises, Inc.

Today, Medican Enterprises trades in the OTC markets as MDCN, with a market cap of USD 21.21 M.

The company is led by Chairman and CEO Kenneth Williams, together with President Kris Klassen, COO Bal Sandu, CFO Wayne Arthur Hansen, and Marketing VP Danny Camele.

Medican Enterprises, Inc.

3440 E Russell Road
Las Vegas, NV 89120

Phone: +1-800-416-8802
Email: investors@medicaninc.com
Website: http://www.medicaninc.com/


Yahoo! Finance: MDCN News

Latest Financial News for MDCN

Medican Enterprises, Inc. (MDCN) Announces Joint Rescission Of Previously Announced Acquisition And Merger Agreement

PALM BEACH, Fla., June 21, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Medican Enterprises Inc. (OTC: MDCN) (the ‘Company”) is pleased to announce  that an acquisition and merger agreement it had previously  announced on April 4, 2019, with a private company, Chuck’s Vintage Inc (“Chuck’s”), was today mutually and amicably rescinded by the parties. The parties came to agree that Chuck’s remaining a private venture was a better fit for its business model and that MDCN could better utilize the time and assets it would have had to devote to Chuck’s, in a more beneficial and efficient manner for the Company.

Medican Enterprises Inc. (OTC: MDCN) Acquires Clothing Icon, Chuck’s Vintage Inc.

PALM BEACH, Fla., April 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Medican Enterprises Inc. (MDCN) is pleased to announce the acquisition of California-based, clothing icon, Chuck’s Vintage Inc. Chuck’s Vintage is an upscale-funky shop featuring one-of-a-kind vintage fashions for both men and women with a particular focus on denim. More importantly, due to strong demand from its celebrity customers, Chuck’s Vintage Inc. will begin making its own brand of vintage jeans.

Medican Enterprises Inc. (OTC: MDCN) Merges With The Now Corporation (OTC: NWPN)

PALM BEACH, Fla., Feb. 08, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Medican Enterprises Inc. (MDCN) is pleased to announce that it has merged with The Now Corporation (NWPN) by selling the majority of its assets to it. The consideration paid was both a convertible note of $20 million and half of the preferred share control block to be issued shortly.

Medican Enterprises Inc. (MDCN:OTC) Provides A Corporate Update

PALM BEACH, Fla., Nov. 20, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Medican Enterprises Inc. (MDCN:OTC) is pleased to provide a corporate update. The company has acquired stakes in various businesses over the last two years of which some are producing revenues. The company has recently seen an increase in volume from convertible note holders exercising their conversion privileges and receiving stock.