Medican Enterprises Inc. (MDCN:OTC) Acquires A Stake In RBA Pharma Inc.
January 30 2018 - 8:30AM
InvestorsHub NewsWire
Detroit, MI -- January 30, 2018 -- InvestorsHub NewsWire
-- Medican Enterprises Inc. (MDCN:OTC)
is pleased to announce that, pursuant to a press release released
last week, it has acquired a 40% equity stake in
Montreal-based, RBA Pharma Inc. This biotech company owns the
intellectual property rights for one of the most advanced
dermal/transdermal delivery systems in the world. Their technology
fills a void in the $32 billion global market for advanced skin
delivery systems.
RBA Pharma Inc.’s proprietary skin care products
are based on a matrix which creates an active dermal drug delivery
system, providing the adapted environment that allows the skin to
repair itself. This biomimetic hydrogel feels like water to the
touch but does not stick to the skin or to wounds. The research has
been published in several peer reviewed wound care journals.
To view the website for RBA Pharma Inc., click on the following
link:
http://www.rbapharma.com/index-en.html
Ken Williams, CEO of Medican Enterprises Inc., states the
following, “this acquisition provides synergies with our other
holdings and is a welcome edition. Their delivery systems are
second to none so I am expecting them to dominate the $32 billion
global market for advanced skin delivery systems.”
Updates will be
forthcoming
About Medican
Enterprises, Inc.
Our Mission is to lead production, distribution, research &
development. Medican seeks to become the world’s largest wholesale
supplier of pharmaceutical grade cannabis to the medical marijuana
industry. A leader in innovation, quality and variety. Leadership
Medican delivers strong operational experience and a significant
focus on research and development. Medican is uniquely positioned
to capitalize on the market opportunity. Quality and Efficiency
Medican produces effective Cannabis strains with standardized
potency and verified purity. The company has the highest standards
of safety and inspection in all areas of quality control,
cultivation, and distribution. A combination of in house Research
& Development team's, third party testing which ensures the
potency of active ingredients in all products and is free of
microbial chemical contaminants. Stringent quality control testing
provides lot numbers for precise identification of all
products.
For More Information, Ken Williams, CEO | Medican
Enterprises, Inc.
T: +1.313.703.7873
E: investors@medican.enterprises
Website: http://www.medican.enterprises
Legal Notice Regarding
Forward-Looking Statements:
This press release contains forward-looking information within the
meaning of section 27A of the Securities Act of 1933 and section
21E of the Securities Exchange Act of 1934 and is subject to the
safe harbor created by those sections. This material contains
statements about expected future events and/or financial results
that are forward-looking in nature and subject to risks and
uncertainties. That includes the possibility that the business
outlined in this press release cannot be concluded for some reason.
That could be as a result of technical, installation, perming or
other problems that were not anticipated. Such forward-looking
statements by definition involve risks, uncertainties and other
factors, which may cause the actual results, performance or
achievements of Medican Enterprises Inc. to be materially different
from the statements made herein. Except for any obligation under
the U.S. federal securities laws, Medican Enterprises, Inc.
undertakes no obligation to publicly update any forward-looking
statement as a result of new information, future events or
otherwise.
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