Medican Enterprises Inc (MDCN)

[vegasvic]

$MDCN What Sub Penny Stocks Are Trending In 2015?
Another sub penny stock that has begun to see an influx of above average volume has been Medican Enterprises. This biopharmaceutical company has entered into the ever growing cannabis industry. The Company announced this week that it has executed and closed a lease agreement to expand its real estate and leasing business into California with Breeding Rare Cannabis Original Genetics Inc. This new agreement outlines how BRCOG will lease the indoor warehouse, outdoor greenhouse and R&D property for $9000 per month. The minimum initial lease term will be for five years and the first right of refusal for an additional five-year term will be granted. Under the terms of the agreement, Medican will provide lease improvements by way of financing, equipment and grow technologies. Trading early Thursday morning (5/28) marked the first time this week that shares of Medican saw more than a 20% run off of the opening bell. Overall, since the beginning of April, share prices of MDCN have been in a relative downtrend overall.