Medican Enterprises Inc (MDCN)

[vegasvic]

MEDICAN has executed and closed a lease agreement expanding its real estate and leasing business into California with Breeding Rare Cannabis Original Genetics Inc. (“BRCOG”).

This new agreement specifies that BRCOG will lease the indoor warehouse, outdoor greenhouse and R&D property for $9000 USD per month for a minimum initial lease term of five years, and the first right of refusal for an additional five-year term. Under the terms of the agreement, Medican will provide lease improvements by way of financing, equipment and grow technologies.

“We are pleased to have secured a lease agreement with an experienced industry leader such as Medican,” said Mr. R. White, CEO of BRCOG. “I am excited about the synergies this new relationship with Medican brings and look forward to maximizing the productivity of our production and R&D businesses.”