MDCN Medican Enterprises Inc (PK)

Industry Legal and Regulatory Expert Demitri Downing Joins Medican team as CEO of Medican Nations

Medican Enterprises Inc. (OTCBB:MDCN) today announced the formation of a new wholly owned subsidiary called Medican Nations, LLC (Medican Nations) and the appointment of Demitri Downing as Chief Executive Officer of Medican Nations.

Medican Nations will be focused on building strategic partnerships with Indian communities in the United States and Canada to create and build business solutions within the indoor gardening and marijuana industries.

With respect to the marijuana industry, recently, the U.S. Justice Department instructed U.S. attorneys to allow Indian communities to grow or sell marijuana on their sovereign lands, even in states that ban the practice. The new policy, released in the Wilkinson memorandum, will allow tribes interested in growing and selling marijuana to do so. The memo outlines the eight enforcement triggers that currently govern state marijuana sales, and further provides that U.S. attorneys will review tribal marijuana policies on a case-by-case basis and retain the right to enforce current federal law prohibiting the growing and sale of marijuana-related products.

Demitri Downing is a former prosecutor for the Tohono O’odham Nation, which is located in Arizona. He has spent more than fifteen years working in law and government relations for reservations and numerous other jurisdictions. Prior to joining Medican, he had a successful career as strategic analyst in the development of the legalized marijuana industry. He also serves as a regulatory, compliance and legal consultant to numerous dispensaries in the legalized marijuana industry in Arizona. Recognized industry wide for his expertise, he was recently selected as a strategic analyst in the development and regulatory governance for the Arizona 2016 recreational initiative. He is an important figure in the industry, has an extensive background in marijuana law, and has strong working relationship with tribal governments, as well as industry expertise. Mr. Downing graduated from Boston University and the University of Arizona James E Rogers College of Law.

“We are very excited to launch our Medican Nations initiative” stated Kenneth Williams, Medican’s Chief Executive Officer. “Under the leadership of Mr. Downing, Medican Nations will seek to become the partner of choice to assist tribes in the U.S. and Canada in assessing and developing lucrative medicinal or recreational marijuana programs. His extensive experience both in the marijuana industry and in serving tribal governments in the United States will help pave the way for our tribal partnerships by recognizing political and industry strategies and respecting tribal sovereignty.”

“This is an exciting moment in history – based on the current DOJ policies, a promising economic opportunity has been made available to the U.S. tribes” stated Mr. Downing. “From initial ordinance changes at the tribal regulatory level, to operational implementation, each tribal jurisdiction will present its own unique challenges of market and State dynamics as well as historical, cultural and traditional subtleties. It is our mission to help facilitate growth and sustainability within each community we partner with, and I believe Medican Nations offers a tremendous opportunity for first nations partners. I am proud to be joining the Medican group and look forward to the weeks and months ahead as we roll out this important initiative for the company.”

For more information or to receive an immediate assessment of your Tribal government’s unique situation and opportunities in the growing marijuana industry, please contact Demitri Downing ddowning@medicaninc.com.

About Medican Enterprises, Inc.

Medican Enterprises is a company seeking promising pharmaceutical and other business opportunities in the emerging medical and recreational marijuana sector. Through its subsidiaries, Medican is seeking to invest in 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: www.medicaninc.com.

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 launch and expand Medican Nations) 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.

Medican Nations LLCDemitri Downing, +1.520.909.4334CEOddowning@medicaninc.comorMedican Enterprises Inc.Ken Williams, +1.800.416.8802CEOinvestors@medicaninc.com

Medican Enterprises (PK) (USOTC:MDCN)
Historical Stock Chart
From Oct 2024 to Nov 2024

Medican Enterprises (PK) (USOTC:MDCN)
Historical Stock Chart
From Nov 2023 to Nov 2024