Medican Enterprises, Inc. (OTCBB: MDCN) a
Post# of 74575

Medican Enterprises, Inc . (OTCBB: MDCN) a bio-pharmaceutical company in the emerging global medical marijuana industry is pleased to announce its wholly owned subsidiary Medican Systems Inc. has signed a letter of intent (LOI) to purchase 50% of International Herbs Medical Marijuana Ltd. (“IHMML”). IHMML has applied as a licensed producer under the Health Canada, Marijuana for Medical Purposes Regulations program.
IHMML was founded by the owners of International Herbs Ltd (“IHL”), Western Canada’s largest fresh herb grower, importer, distributor and a leading specialty herbal produce grower in North America; and the Monark Group (“Monark”), a full service provider of marketing, IT solutions and outsourced service centers focused on the pharmaceutical industry . Under the terms of the agreement the management team of IHMML would stay intact and will continue to provide day to day management services.
IHMML has entered into contracts for the purchase of two facilities in New Brunswick, Canada. The first building is 393,000 square feet with 300,000 square foot growing space. The second is a 273,000 square foot facility with potential to expand to a total of 600,000 sq ft.
In addition to the real estate purchase, IHMML will build a direct sales channel and enable Consumers to purchase products via the company’s website, enhanced through SEO; and will work to develop the Medical Professional Channel working closely with Doctors, Nurse Practitioners and Naturopaths to provide educational and awareness training to recommend the high grade products that IHMML will produce.
“This acquisition would be an important step in the company’s strategic plan to design, construct and operate Medical Marijuana Cultivation and Research Centers across Canada,” said Ken Williams , CEO of Medican Enterprises. “Medican Enterprises benefits from immediate access to a large scale industrial facility and an established marketing and distribution channel. It is a critical time in the Company’s development and as one of the first movers into the commercial production of medical marijuana, Medican is positioned to swiftly scale its operations resulting in a very steady revenue base.”
“In a short amount of time Medican Enterprises has demonstrated a strategic and best-in class approach to the medical marijuana industry,” said Kevin Coft, CEO of IHMML. “We are excited to be joining the Medican family and are looking forward to a successful partnership.” The definitive agreement is subject to certain customary terms and conditions and is expected to be executed on March 28, 2014.
  About Medican Enterprises Inc.   
 Medican Enterprises is a        bio-pharmaceutical company focused on developing, distributing and        marketing    pharmaceutical       grade cannabis to the emerging global medical        marijuana market. It’s wholly owned subsidiary Medican Systems Inc. is        an industry leader in the design, construction and operation of Medical        Marijuana and Cultivation Centers across Canada. Traded on the OTCBB,        Medican drives    shareholder    value       through its scalable business model and        commitment to scientific research, operational excellence and regulatory        compliance. For more information visit: www.medicaninc.com. 
   Forward-Looking and Cautionary Statements     
  Certain        statements contained herein contain “forward-looking statements” within        the meaning of Section 27A of    Securities    Act    of    1933      , and Section 21E of        the Securities Exchange Act of 1934. Statements in this press release        that are not purely historical are forward-looking statements and        include any statements regarding beliefs, plans, expectations or        intentions regarding the future. Such forward-looking statements involve        known and unknown risks, uncertainties and other factors, which may        cause the actual results, performance or achievements of Medican        Enterprises Inc. to be materially different from any future results,        performance or achievements expressed or implied by such forward-looking        statements. Given these uncertainties, readers are cautioned not to        place undue reliance on such forward-looking statements. Medican        Enterprises Inc. disclaims any obligation to update or to announce        publicly the results of any revision of the forward-looking statements        contained or incorporated by reference herein to reflect future events        or developments. Although we believe that any beliefs, plans,        expectations and intentions contained in this press release are        reasonable, there can be no assurance that any such beliefs, plans,        expectations or intentions will prove to be accurate. Investors should        consult all of the information set forth herein and should also refer to        the risk factors disclosure outlined in the reports and other documents        we file with the SEC, available at    www.sec.gov   .   
       
 Medican Enterprises Inc. 
 Ken Williams, 1-800-416-8802 
 CEO 
 investors@medicaninc.com 
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