Medican 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
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