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ANNUAL REPORT IS OUT --->
https://www.otcmarkets.com/otcapi/company/financial-report/450425/content
GO XAVIER
GO MDCN$
Medican Enterprises Inc. (OTC:MDCN) Strengthens Off-Road EV Focus While Exploring Luxury Automotive ExpansionPress Release | 03/26/2025
Medican Enterprises Inc. (OTC: MDCN) is making bold moves in the off-road electric vehicle (EV) sector while actively exploring a new opportunity in the high-end luxury automotive market.
As the driving force behind an innovative off-road EV project in partnership with The Now Corporation (OTC: NWPN), Medican continues to solidify its position as a leader in rugged, high-performance electric mobility. Valiant Eagle Inc. (OTC: PSRU), a creditor from the sale of its basketball assets to Medican, has further deepened its involvement by potentially converting its debt into equity, reinforcing its existing stake in Medican.
In a significant development, Medican has been approached by a legendary U.S. auto designer renowned for crafting neoclassic luxury vehicles, including models featured in the iconic television series Dynasty and Dallas. This designer is currently developing a $2 million, hand-built sport luxury sedan powered by a V16 engine. Medican has entered acquisition and merger discussions, signaling its intent to expand into the high-end automotive space while still focusing on the off-road EV sector.
"With Tesla facing turbulence, theres a window of opportunity to reshape both the luxury and EV markets, said Xavier Mitchell, spokesperson for Medican Enterprises Inc. Medican is advancing off-road EV technology while exploring a strategic entry into high-performance luxury automobiles. Our goal is to be at the forefront of the next automotive revolution.
In addition to its EV expansion, Medican continues to work closely with Bell Rose Capital Inc., securing financial backing for its initiatives. The company remains committed to delivering value to its shareholders as it navigates these exciting growth opportunities.
Further updates on Medicans strategic initiatives will be provided in the coming weeks.
About Medican Enterprises Inc.
Medican Enterprises Inc. is focused on leveraging strategic assets in the sports and entertainment sectors. The companys portfolio includes a minority interest in ABA Sports Realty Group, majority ownership stake in America Basketball Association Canada Inc., and two professional basketball teams, the Hollywood Action and Beverly Hills Majestics. Additionally, Medican Enterprises holds the rights to the Fathers of the Sport video game and documentary, including associated NFTs and other various basketball-related assets. This diverse suite of investments positions Medican Enterprises at the intersection of sports, media, and digital innovation, driving value creation in these dynamic industries.
Legal Notice Regarding Forward-Looking Statements: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medican Enterprises, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Medican Enterprises, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
https://www.otcmarkets.com/stock/MDCN/news/Medican-Enterprises-Inc-OTCMDCN-Strengthens-Off-Road-EV-Focus-While-Exploring-Luxury-Automotive-Expansion?id=471593
Medican Enterprises Inc. (OTC: MDCN) and Bell Rose Capital Inc. (OTC: BELR) Announce Transformative Purchase and Sale Agreement for Off-Road Electric VehiclePress Release | 02/25/2025
February 25, 2025
OTC Disclosure & News Service
Burbank, CA —
This release includes additional documents. Select the link(s) below to view.
vehcle design doc.pdf
Medican Enterprises Inc. (OTC: MDCN) ("Medican") and Bell Rose Capital Inc. (OTC: BELR) ("Bell Rose") are excited to announce a strategic purchase and sale agreement that marks a significant milestone in the off-road electric vehicle (EV) market. Under this agreement, Bell Rose will obtain exclusive rights to use, manufacture, market, and distribute Medican's innovative EV Car.
Medican, leveraging technologies and developments facilitated by The Now Corporation (OTC: NWPN), has entrusted Bell Rose with the responsibility of bringing its state-of-the-art EV Car to global markets. In exchange for these exclusive rights, Bell Rose has issued Medican a $5 million convertible promissory note, underscoring the strong commitment and financial backing of both parties.
Highlights of the Agreement:
-Exclusive License: Bell Rose is granted a non-transferable, exclusive license to use, manufacture, market, and distribute Medican's revolutionary EV Car worldwide.
- Convertible Promissory Note: Medican receives a $5 million convertible promissory note from Bell Rose, solidifying the financial foundation and confidence in the product�s success.
- Collaboration with The Now Corporation: Medican relies on The Now Corporation for the research, development, and production of the EV Car, ensuring cutting-edge technologies.
- Strategic Collaboration: The partnership combines Medican's reliance on advanced technologies with Bell Rose's market expertise, aiming to accelerate the adoption of eco-friendly off-road vehicles.
"We are delighted about this agreement with Bell Rose Capital Inc.," said Xavier Mitchell, CEO of Medican Enterprises Inc. "This agreement not only aligns with our vision for sustainable transportation but also leverages the groundbreaking work done by The Now Corporation. We are confident that Bell Rose�s leadership will drive our EV Car to new heights."
Carlos Salgado, CEO of Bell Rose Capital Inc., added, "This agreement with Medican Enterprises and their collaboration with The Now Corporation presents a unique opportunity to revolutionize the off-road vehicle market. We are committed to delivering exceptional value and innovative solutions to our customers."
Updates will be forthcoming
About Medican Enterprises Inc.
Medican Enterprises Inc. is focused on leveraging strategic assets in the sports and entertainment sectors. The companys portfolio includes a minority interest in ABA Sports Realty Group, majority ownership stake in America Basketball Association Canada Inc., and two professional basketball teams, the Hollywood Action and Beverly Hills Majestics. Additionally, Medican Enterprises holds the rights to the Fathers of the Sport video game and documentary, including associated NFTs and other various basketball-related assets. This diverse suite of investments positions Medican Enterprises at the intersection of sports, media, and digital innovation, driving value creation in these dynamic industries.
Legal Notice Regarding Forward-Looking Statements: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medican Enterprises, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Medican Enterprises, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
https://www.otcmarkets.com/stock/MDCN/news/Medican-Enterprises-Inc-OTC-MDCN-and-Bell-Rose-Capital-Inc-OTC-BELR-Announce-Transformative-Purchase-and-Sale-Agreement-?id=468669
Very Quiet here after all the recent news!
Maybe just maybe .....
No RS would be a great news to move up this ticker
MDCN back to life....Soon will have news
Interesting! Thanks for the heads-up... I own the ticker, and I wasn't aware until now. Why would someone that don't even own the ticker be tracking it so closely? I guess I better check some of the others.
GO MDCN!!!
Yes, that may be true but think about it? Are those shares getting cancelled and then dropping the OS? We can't go by what's shown on OTC or can we?
GO MDCN!!!
$MDCN Put out a positive tweet today about going Pink Current :)
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