Medican Enterprises and JTB Real Estate LLLP Agree to Extension of the Closing Date for the of Arizona Property Acquisition
19 February 2015 - 4:58AM
Business Wire
Medican Enterprises Inc.
(OTCBB:MDCN) (the “Company” or “Medican Enterprises”), a company
seeking promising pharmaceutical and other business opportunities
in the emerging medical and recreational marijuana sector,
announced today that the Company and JTB Real Estate LLLP (“JTB”)
have agreed to extend the closing date of the previously announced
acquisition. The acquisition of the 7,200 square foot retail and
commercial property in Phoenix, Arizona was detailed in the press
release dated January 20, 2015. The building acquisition brings
near-term revenue and cash flow potential. Both parties are
aggressively working together to close on or before March 31,
2015.
About Medican Enterprises, Inc.
Medican Enterprises is a company seeking promising
pharmaceutical and other business opportunities in the emerging
medical and recreational marijuana sector. Through its
subsidiaries, Medican is seeking to invest in businesses associated
with the growing, marketing, research and development, training,
distribution and retail sale of medical and recreational marijuana,
both in the United States and Canada. For more information visit:
www.medicaninc.com.
Cautionary Note Regarding Forward-Looking Statements
This press release and statements of representatives of Medican
Enterprises, Inc. (the “Company”) related thereto includes
forward-looking statements within the meaning of the U.S. federal
securities laws. Forward looking statements are statements that are
not historical facts. Such forward-looking statements are subject
to significant risks and uncertainties that are subject to change
based on various factors (many of which are beyond the Company's
control), which could cause actual results to differ from the
forward looking statements. Such statements may include, without
limitation, statements with respect to the Company's plans,
objectives, projections, expectations and intentions and other
statements identified by words such as "projects," "may," "will,"
"could," "would," "should," "believes," "expects," "anticipates,"
"estimates," "intends," "plans," "potential" or similar
expressions. These statements are based upon the current beliefs
and expectations of the Company's management but are subject to
significant risks and uncertainties, including those detailed in
the Company's filings with the Securities and Exchange Commission.
Actual results (including, without limitation, the results of the
Company’s efforts to acquire and integrate the dispensary property
as described herein) may differ from those set forth in the
forward-looking statements. Except as required by applicable law,
the Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company’s
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
Medican Enterprises Inc.Ken Williams,
+1.800.416.8802CEOinvestors@medicaninc.com
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