Medican
Enterprises, Inc. (OTCBB:MDCN), is pleased to announce that it has
signed a joint-venture with El Encanto Vineyards, a recently-acquired,
wholly-owned subsidiary of Newealth US, Inc. / Universal Apparel &
Textile Company (DKGR:OTC), in creating a newly branded Moscato wine
that will complement the cannabis brands that Medican is bringing to
market. With the wine industry in California suffering from a severe
drought, El Encanto Vineyards, in New Mexico has a strategic advantage
due to its abundance of geothermal water necessary for its vineyards and
ideal sun and soil to make a perfect wine for our customers. In addition
to Michigan, as we mentioned in our last press release, we plan to
target the states of Colorado, Alaska and Washington initially for the
distribution of our cannabis products and the entire US for our wine
products.
Medican CEO, Kenneth Williams commented, “I am very pleased to work with
Eugene Turner, CEO of Newealth US /Universal Apparel & Textile Company
(DKGR:OTC), and the esteemed Anthony Silveira in creating this brand.
There are 20 acres of land in New Mexico that are to be immediately
established for growing the grapes for Medican’s wine as part of this
joint-venture and 200 acres ultimately available.” In the meantime,
Moscato will be available from comparable local Newealth licensed
vineyards for distribution in 60 days sporting the Medican brand. Also
available is land for our patrons to own their own section of vineyard
to “Own the Land and Create the Brand”.
The vision is for Medican to have a branded wine. The initial Moscato
vintage label "D420" will focus on capturing a market share of the $1.2
trillion annual "black" hip hop retail market. This strategic move
will create a first product in a long line of vintages to come branded
under Medican labels.
About Medican Enterprises, Inc.
Medican Enterprises is a bio-pharmaceutical company focused on pursuing
business opportunities in the growing medical and recreational marijuana
sector. Through its subsidiaries, Medican is seeking to invest in our
businesses associated with the growing, marketing, research and
development, training, distribution and retail sale of medical and
recreational marijuana, both in the United States and Canada. For more
information visit: http://medican.enterprises
Cautionary Note Regarding Forward-Looking Statements
This press release and statements of representatives of Medican
Enterprises, Inc. (the “Company”) related thereto includes
forward-looking statements within the meaning of the U.S. federal
securities laws. Forward looking statements are statements that
are not historical facts. Such forward-looking statements are subject to
significant risks and uncertainties that are subject to change based on
various factors (many of which are beyond the Company's control), which
could cause actual results to differ from the forward looking statements.
Such statements may include, without limitation, statements with
respect to the Company's plans, objectives, projections, expectations
and intentions and other statements identified by words such as
"projects," "may," "will," "could," "would," "should," "believes,"
"expects," "anticipates," "estimates," "intends," "plans," "potential"
or similar expressions. These statements are based upon the
current beliefs and expectations of the Company's management but are
subject to significant risks and uncertainties, including those detailed
in the Company's filings with the Securities and Exchange Commission.
Actual results (including, without limitation, the results of the
Company’s efforts to acquire and integrate Future Harvest as described
herein) may differ from those set forth in the forward-looking
statements. Except as required by applicable law, the Company
expressly disclaims any obligations or undertaking to release publicly
any updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on which
any statement is based.
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