medican-logo-2Medican Enterprises, Inc is a bio-pharmaceutical company aiming to be the largest supplier of medical cannabis in North America. The Nevada-based company, with its subsidiaries and partners, has already established operations in the US and Canada. It mainly cultivates medical marijuana and conducts researches on it for wholesale distribution. Aside from that, it provides corporate finance solutions to related projects.

Medican’s history goes all the way back to 1988, when it was founded as Extant Investments, Inc. It changed its business and name to Sentinel Scientific, Inc, then to TC X Calibur, Inc. It finally became Medican Enterprises, Inc in 2013.

Medican Enterprises is now traded in the OTC markets under the symbol MDCN. Its market cap is at USD 21.21 M.

The company has a wholly owned subsidiary named Medican Systems, Inc, which operates its Medical Marijuana Cultivation and Research Facilities. With a license application under Canada’s Marihuana for Medical Purposes Regulations (MMPR), it hopes to be among the country’s first licensed commercial producers.

Medican also has an in-house scientific team, composed of R&D professionals and horticulturists. The team’s current focus is on five different strains of pharmaceutical-grade marijuana. Each strain has its specific level of the marijuana medicinal compounds THC and CBD.

In addition to these, Medican is open to provide its joint venture partners with specialty financing services such as strategic planning and valuation.

The company’s current partners include the Lions Financial Group and International Herbs Medical Marijuana Ltd (IHMML). Lions Financial Group helps provide financial expertise and accounting support. Meanwhile, IHMML oversees marijuana cultivation operations and facilitates distribution. This latter company also purchased a 400,000-square foot cannabis facility in Canada.

Medican Enterprises’ leaders include Chairman and CEO Kenneth Williams, President Kris Klassen, CFO Wayne Arthur Hansen, COO Bal Sandu, and VP of Marketing Danny Camele.

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.