Medican 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.
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