Medican Enterprises Files 8K Announcing Closing of Acquisition of CBD Branding Company TWYNS
Las Vegas, NV, May 13, 2015 (Newswire.com) - Medican Enterprises Inc. (MDCN) (“Medican” or “the Company”), a merchant bank and bio-pharmaceutical company in the emerging global marijuana industry, announces that further to its press release of April 28, 2014 the Company has closed on its acquisition of TWYNS, a company that provides branding services for enterprises in the Cannabidiol (CBD) business. The transaction is valued at approximately $1,000,000, all in stock and is expected to add approximately $400,000 to Medican’s annual revenues.
“TWYNS business plan extends the sale of CBD to more consumers globally through strategic branding,” stated Ken Williams, CEO of Medican Enterprises. “The model is Coca-Cola’s very successful bottling distributing arrangement. We believe that cannabis will be a cottage industry for the foreseeable future, with each regulated jurisdiction demanding fees and licenses. TWYNS will provide local growers, product manufacturers and distributors with a reliable ‘seal of approval’ that ensures quality and provides the consumer with a reliable benchmark.”
“TWYNS also helps drive long term value for shareholders,” continued Williams. “It will generate immediate profits from both licensing and certification businesses without capital costs or operational overhead. In addition, the Company is also partnered to sell quality tinctures and edibles. Sales of its signature infused products are expected to expand dramatically as well as sale of very high quality CBD oil to other companies.”
Unlike medical marijuana, which is produced primarily from strains of cannabis designed to deliver high levels of THC, CBD products can be extracted from industrial hemp, the high CBD, low THC strain used to produce textiles, ropes, resins, paper and other industrial materials.
TWYNS offers licensing on commercial art work and its unique E-MC2 trademark to manufactures of supplements, salves, lotions, and edibles. In exchange, it will receive royalties from CBD wellness product sales around the world. The company’s first client Hemp Health Inc. of Carlsbad, California, is a pioneer in hemp cannabidiol (CBD) products, imports and manufactures a variety of CBD products such as oil, spray and capsule form.
TWYNS will also provide trademarked packaging to CBD and THC dispensaries offering placement windows for both constituents -- the empty window in the copyrighted box can be filled with their own or the customer’s choice of THC. TWYNS will receive a fee to license out the marketing space, or resell an empty bottle to fill the window with a THC of the customer’s choice.
In addition to the licensing business to wholesalers, TWYNS will provide cannabis growers with a free license to gain recognition beyond the local promotion they would otherwise be limited to.
“Expansion to any town city or state requires permitting, licensing, specific build outs etc, so that simply to go from one town in, say Colorado, to another could require an upfront investment into the hundreds of thousands,” said Jay Gordon, CEO of TWYNS. “It is that situation that makes the market ripe for a branding program such as ours to overlay the cottage industry and generate income as well as providing superior products.”
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: 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 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.
Medican Enterprises Inc.
Ken Williams, CEO