Medican Enterprises, Inc. (MDCN)

medican-logo-2The bio-pharmaceutical company Medican Enterprises, Inc aims to be the largest medical marijuana supplier in North America. Based in Nevada, it already has operations in both the US and Canada. Through its subsidiary and partnerships, the company cultivates and conducts researches on medical marijuana for wholesale distribution. It also provides corporate finance solutions for related projects.

The company’s wholly owned subsidiary Medican Systems, Inc serves as the operating division for its Medical Marijuana Cultivation and Research Facilities. It is hoping to be one of Canada’s first licensed commercial producers under the country’s new Marijuana for Medical Purposes Regulations (MMPR).

Meanwhile, Medican’s scientific team is composed of in-house R&D professionals and horticulturists. They are focusing on five strains of pharmaceutical-grade cannabis with varied levels of THC and CBD, the medicinal compounds of marijuana.

Aside from these, Medican Enterprises is open to provide strategic planning, valuation, and other specialty financing services to its joint venture partners.

Currently, the company’s partners are International Herbs Medical Marijuana Ltd and Lions Financial Group. IHMML oversees cultivation operations and facilitates distribution; it recently purchased a 400,000-square foot facility in Canada. On the other hand, Lions Financial Group provides financial expertise and accounting support.

Medican Enterprises, Inc was founded in 1988, and it was first known as Extant Investments, Inc. It then became Sentinel Scientific, Inc, and then TC X Calibur, Inc, until it changed to its current name in 2013.

Today, Medican Enterprises is traded in the OTC markets as MDCN. It has a market cap of USD 21.21 M. Key executives in the company include Kenneth Williams, Chairman and CEO; Kris Klassen, President; Wayne Arthur Hansen, CFO and Principal Accounting Officer; Bal Sandu, COO; and Danny Camele, VP of Marketing.

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