Replies to post #1384 on Medican Enterprises Inc (MDCN)

[Dbrown13]

You can call it both i guess. They will AQUIRE an outright 51% with an option to aquire the remainder. Note the last sentence of the paragraph. That is MERGER.
"On July 25, 2014, we and CanaLeaf entered into a Non-binding Letter of Intent (the “LOI”) with Zenabis Limited Partnership (“Zenabis”) and IHMML. Pursuant to the LOI, the Company intends to restructure its proposed acquisition of an interest in IHMML so that it will acquire an outright 51% interest in IHMML and an option to acquire the remainder and, in return, IHMML and its affiliates will obtain a majority ownership interest in and control of the Company."
Pg 11 has the wording. http://www.sec.gov/Archives/edgar/data/847015/000144586614001055/medican10q06302014.htm