Replies to post #2212 on Medican Enterprises Inc (MDCN)

[Dbrown13]

The 2014 annual report was a thing of beauty. http://www.sec.gov/Archives/edgar/data/847015/000144586614000346/form10k04092014.htm

[westendgreen]

Here is a comparison of the market value as of Friday of three MJ companies (including MDCN) in the MJ warehouse space

CANN - Advanced Cannabis Solutions $75,000,000 (trading in gray Market and )

TRTC - Terra Tech $44,000,000 (there is a bunch of convertible preferred stock outstanding so this is probably $10-15 million too low)

MDCN - $1,200,000 (60,000,000 shares at about 2 cents each - no preferred outstanding) If MDCN dilutes to raise all funds for the Arizona warehouse and the price remains the same what would we move to - $5,000,000 ?


In my mind the first two have a lot of work to justify their price - how many MJ warehouses have they closed on?