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Sunday, August 12, 2018 2:07:44 AM
Medican And IHMML Give Investors A Reason To Be Bullish
Apr. 8, 2014 1:51 PM•MDCN-OLD
SummaryMedican Inc. has signed a definitive agreement for a 50% stake in IHMML, which has acquired a 400,000sqft. facility and has contracts to acquire an additional 625,000sqft cultivation space.Medican Inc. represents one of the strongest Canadian plays for investors in the US.The Canadian marijuana market may have been grossly underestimated with a potential market capitalization of $2-4 billion.A new organization called the Canadian National Medical Marijuana Association (CNMMA) has stamped Medican with approval along with IHL and Zenabis.In the Canadian marijuana market: size matters. Even the darling of the marijuana market (Tweed) will seem pint size next to Medican.
[Editor's note, April 10, 2014: This article has been amended to reflect the update made by the company to their previous nonbinding agreement that the agreement is now definitive.]
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