Medican Enterprises Inc. (MDCN) Stock Message Board

Moderator: Homebrew, ChartShark28, KIKU, intuition

Search This Board:

Last Post: 3/7/2021 12:03:29 PM - Followers: 421 - Board type: Free - Posts Today: 0

Under NEW Leadership with over $20M in Assets and becoming a Dynamic Real-Estate Investment Trust (REIT) Company

Have you ever wanted to own Real Estate without having the overhead of owning real estate…here is an opportunity!

LONG AWAITED NEWS
Medican Enterprises Inc. (MDCN) Provides a Corporate Update
Las Vegas, Nevada--(Newsfile Corp. - February 25, 2021) - Medican Enterprises Inc. (OTC Pink: MDCN) is pleased to announce this corporate update to enlighten all stakeholders of current developments.
As of July 19, 2019, Medican signed an Acquisition and Merger Agreement with Immediate Properties LLC. Pursuant to the agreement, Ken Williams was to resign after three months from all positions. Dana Belle was immediately appointed as Interim Chief Executive Officer and as a director.
A brief description of Immediate Properties is as follows:
Immediate Properties specializes in residential and commercial real estate investment and development. The Company's success has worked to form lasting, concrete relationships with top equity suppliers, such as individual, commercial and institutional sources. These relationships enable Immediate Properties to provide beyond typical market approaches to finding and acquiring income-producing projects.
The Company specializes in value-add investment and development in "A" locations in urban infill areas. It has expertise in multifamily, retail, office, mixed-use, adaptive re-use of industrial buildings and historic renovations. Immediate's current investment portfolio includes properties across Northern and Southern California, Atlanta, and Nevada. The Company is actively investing in California and other select metro areas where we believe relatively high cap rates are not justified due to strong fundamentals.

Immediate Properties

Medican Enterprises Inc. has every intention of becoming current in its filing and reporting obligations. As such, with the assistance of two institutional investors, the Company's resident agent was forwarded the necessary funds with which to reinstate the Company with the Nevada Secretary of State. After this has been completed, Medican Enterprises can then start an application with OTC Markets Group Inc. in order to file disclosure statements as well as post news. The Company is expecting to be reinstated with the Nevada Secretary of State within the next few days.
Medican Enterprises is now a real estate company which will be the Company's focus, not cannabis as it was in the past. However, a significant asset of the Company's is a $10 million convertible note (plus accrued interest) in The Now Corporation which describes itself as follows:
"The Now Corporation is a publicly traded, bio-pharmaceutical research company focused on the research, education and production of Scientific-Grade Cannabidiol (CBD) from hemp and Tetrahydrocannabinol (THC) to be used for medicinal purpose, while focusing on pursuing business opportunities in the growing medical and recreational marijuana sector. Through its acquired assets, The Now Corporation is seeking to invest in our businesses associated with the growing, marketing, research and development, training, distribution and retail sale of scientific-grade medicinal cannabis, both in the United States and Canada. At The Now Corporation, we unlock and advance medicine for human life around the world, at every stage of life."
The goal is to make Medican Enterprises Inc. into a dynamic real estate company. As such, once all the clean up has been completed and the Company is current, it intends to do a name change. For the foreseeable future, the Company does not intend on performing a reverse stock split.
Updates will be forthcoming.

Who is interm CEO?

Dana works for NiSource (NYSE:NI)

About NiSource
NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.2 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. Based in Merrillville, Indiana, NiSource has approximately 7,500 employees. Additional information about NiSource, its investments in modern infrastructure and systems, its commitments and its local brands can be found on its website. The contents of our website are not incorporated by reference herein. NI-F

Who are the institutional Investors?
We have only seen one filing so far by Adar Bays LLC. Adar Bays bought 1.3B shares.

*More to come in disclosures

Since this News was released what do we know is occurring?

Immediate Properties LLC mentioned 3D concrete printing of homes

https://youtu.be/wCzS2FZoB-I

Company paid ~$87k and is NOW current (after 5 years) with Nevada Secretary of State (SOS)...faster than expected

SilverFlume Nevada's Business Portal to start/manage your business (nv.gov)

Transfer agent issued a new preferred B control block to replace previous worthless block and rid undesired shareholders

https://twitter.com/Immediateproper/status/1367893070377754624?s=19

They have submitted order form to OTC markets to start filing disclosure statements

https://twitter.com/Immediateproper/status/1367893361856684033?s=19

Immediate Properties has established a top tier team of architects, engineers, and skilled tradesmen

Immediate Properties has shared their Real Estate interest in San Bernardino, Las Vegas, Atlanta, Miami, East LA, Lancaster for short term flips and long tern pickup and holds

Catalysts on Deck
Company becoming OTC current…forms are filed

Plans for a name change Immediate Properties once OTC current

Symbol change

More details on 3D concrete printing which is a HOT area right now on earth and in space

https://youtu.be/yu0aYuF-y9E

More details on properties under Immediate Properties LLC. Based on the website we know they have:

3810 MacArthur Blvd, Oakland
Commercial / medical / dialysis
Purchased 3/18/20 for $14,275,000

349 38^th St Oakland
El Cortez Apartments
20 units
Purchased 8/23/19 for $7.3M

1290 28^th Ave Oakland
24-unit apartment bldg.

Most important Immediate Properties LLC has been as transparent as they can be on Twitter
@Immediateproper

What is a REIT?
A REIT , or real estate investment trust, is a company that owns, operates or finances real estate. Investing in a REIT is an easy way for you to add real estate to your portfolio, providing diversification and access to historically high REIT dividend payments. How Does a REIT Work?
What Is A REIT? – Forbes Advisor

Why invest in a REIT?
According to SeekingAlpha Report March 4, 2021
5 Reasons Why REIT Investors Shouldn't Worry About Rising Interest Rates
Mar. 04, 2021 8:25 AM ET
Summary

A lot of investors avoid REITs because of rising interest rates.
We think that is a mistake.
REITs have historically done far better than most other stocks during times of rising interest rates. We explain why.

Lately, all the focus has been on the 10-year Treasury
In just a few months, it went from 0.6% to 1.45% and the surge does not appear to be over:

It's causing great uncertainty because, all else held equal, higher rates lead to:

Higher interest expense
Lower cash flow
Compressing valuation multiples,
And, ultimately, lower returns

The perception of the market is that bond proxies are the worst positioned in an environment of rising interest rates. We often see comments suggesting that they should be avoided at all costs due to this reason.
In today's article, we will demonstrate to you why this isn't true.
Contrary to popular belief, REITs are among the best investments that you can make in a rising rate environment such as the one we are experiencing today.
At High Yield Landlord, we have not stopped buying, and here are five reasons why:
Reason #1: Rates Are Rising Because The Economy is Recovering
Investors are quick to panic and sell when they see rising interest rates.
However, it's important to understand the context behind it.
In other words, why are the rates rising?
Today, rates are on the rise because the economy is experiencing a V-shaped recovery. According to various estimates, the US real GDP will have recovered by the end of this year already:

That's very positive news for REITs because it allows them to grow occupancy rates, hike rents, and build new properties.
When the economy is doing well, interest rates rise, but so does the cash flow generated by properties.
Because REITs only use a moderate amount of debt, in most cases, the positive impact of a strong economy more than outweigh the negative impact of higher interest rates.
This is proven by a research study conducted by Cohen & Steers (CNS), which shows that REITs generally outperform the broader stock market during times of rising interest rates:

source
On average, REITs have generated 17.4% total returns in the following 12 months after rate hikes and outperformed the stock market by 7.7%.
Therefore, the general idea that REITs should be avoided because they are "bond proxies" is simply false. It's a misconception that isn't backed by evidence.
If you own properties, you want a strong economy, not a weak one. REITs are not bonds with fixed cash flows. They are real businesses with variable cash flows.
Reason #2: Low Valuations Provide Margin of Safety
Rising interest rates have a particularly large impact on companies that trade at high valuation multiples.
That's not the case of REITs.
Most REITs are today valued at very reasonable multiples. According to data compiled by Simon Bowler, REITs are today valued at 14x cash flow on average:

source
The low valuation multiples provide margin of safety even if interest rates continue to rise.
Inflation Is The Least Of Our Worries
In comparison, the S&P 500 (SPY) currently trades at around ~35x earnings, and many tech stocks (QQQ) trade at 50-100x earnings. These high valuation multiples leave no margin of safety and this is why tech stocks took a larger hit than REITs when treasury yields surged recently:

Stocks like Tesla (TSLA) dropped by over 20% because its expected cash flow is far into the future and its valuation is extreme. Because of that, its sensitivity to interest rates is much greater.
In comparison, most REITs are much better positioned. They are generating substantial cash flow already today and their valuations are very reasonable.
Reason #3: Mortgage Rates Remain Exceptionally Low
Despite rising Treasury rates, it's important to remember that mortgage rates have remained at exceptionally low levels:

So rising Treasury yields do not automatically equate to higher interest rates for REITs. That's a misconception.
Right now, mortgage rates are still much lower than they were prior to the pandemic, and REITs are busy raising capital at historically low cost.
To give you an example: Medical Properties Trust (MPW) recently raised debt at a 3.5% rate and used it to pay down other debt with a 6% interest rate.
The difference goes straight into the pockets of shareholders. It's pure profit that can be used to then by more properties, grow cash flow, and hike the dividend. That's exactly what MPW did:

Reason #4: The Yield Spreads Remain Unusually High
Everything is relative in the financial market.
Yes, Treasury yields are rising, but that on its own does not mean much.
More important than the yield level is the spread between Treasury yields and REIT dividend yields.
Historically, when the spread is large, it means that REITs are undervalued and positioned for good returns. And the spread is small, the opposite is true.
Today, the yield spreads are still very large because even despite the recent surge, the 10-year Treasury remains low, and at the same time, REIT dividend yields are unusually high:

To give you an example: W. P. Carey (WPC) is today priced at a 6% dividend yield. In comparison, the 10-year treasury is at 1.45%, so the yield spread is a generous 4.55%.
Prior to the pandemic, the yield spread was closer to 2% because the 10-year Treasury was higher, and WPC's dividend yield was lower.
As such, the 10-year Treasury would need to more than double for the yield spread to normalize. The margin of safety is significant.
Reason #5: Some REITs Directly Benefit from Higher Rates
Finally, rising interest rates also have a positive impact on the fundamentals of certain REITs.
The best example is probably residential REITs.
When interest rates rise, fewer people can afford to buy homes and so it leads to a larger pool of renters.
Apartment REITs then enjoy growing demand for their apartments, which allows them to:

Grow occupancy rates
Hike rents
And develop new properties

These benefits easily outweigh the negative impact of higher interest expense.

Bottom Line
A lot of investors make the mistake of avoiding REITs because they think that rising interest rates pose a significant risk to them.
In reality, REITs have historically done far better than the rest of the market during times of rising interest rates, and there are good reasons to believe that this time won't be different.
The economy is rapidly recovering, REIT valuations offer great margin of safety, mortgage rates remain exceptionally low, and yield spreads are still unusually high.
For these reasons, we continue to buy more shares of discounted REITs.

Immediate Properties is a ground floor Opportunity being lead by publically traded energy company NiSource with institutional investors loading up!

MDCN
Current Price
Volume:

Bid	Ask	Day's Range


MDCN Detailed Quote

Medican Enterprises Inc. (MDCN)

About

Help

Educational

More