Post by
RyanXL on Jan 22, 2015 1:23pm
A few emails with MDCN
Hey guys I put in a few emails to the company and this is what I got back. I was asking about the Phoenix property, etc.: "The latest acquisition in Phoenix - 7200 sq. ft. building will close on or before Jan. 31, 2015. The 67,000 sq. ft is expected to be closed in the first quarter of 2015. It is subject to rezoning as a cultivation center for marijuana. The Canadian situation is still on hold pending licensing from health Canada. We are still interested in that project but until such time as the license is available we are aggressively pursuing opportunities in the USA to add value for the shareholders." I also asked about Canada's project and why the share price was so high a year ago: "The potential project in Canada is huge if and when it happens. It is in Atholville, NB and I believe there is information on the website about it. Yes, there was a lot of hype in early 2014 on the marijuana stocks and they all ran higher than they should have. All have pulled back and trade in the pennies. It is very similar to the era when Apple, Google, Microsoft, etc., started and there will be survivors and those that are just in the game. Medican is for real and will develop quickly with the potential projects we are working on. There is more positive news coming daily on the whole industry and a lot of excitement." Hope this is informative. What is your guys opinion on this one?