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$10 Million Debt Wiped Out — Green Rain Energy Holdings (OTC: GREH) & Medican Enterprises (OTC: MDCN) Partner to Fast-Track World-Class Off-Road EV
$10 Million Debt Wiped Out — Green Rain Energy Holdings (OTC: GREH) & Medican Enterprises (OTC: MDCN) Partner to Fast-Track World-Class Off-Road EV.
About this update from Medican Enterprises Inc
[{"type":"text","content":"Burbank, CA – [Date] – Green Rain Energy Holdings Inc. (OTC: GREH) and Medican\r\n Enterprises Inc. (OTC: MDCN) today announced a transformative $10\r\n million debt cancellation and joint development agreement to accelerate the\r\n launch of a next-generation off-road electric vehicle (“EV Car”)\r\n engineered to dominate its segment.\r\n\r\nUnder the Convertible Debt Cancellation & Off-Road EV Development\r\n Agreement:\r\n\r\n\r\n $10 Million Eliminated – Principal + accrued interest\r\n wiped from GREH’s books.\r\n Expanded R&D – GREH commits additional\r\n capital, personnel, and tech resources to accelerate production.\r\n 50/50 Profit Share – Equal split of all net profits\r\n from EV Car sales.\r\n Brand Control – MDCN retains 100% ownership of\r\n brand, trademarks, and IP — with global licensing flexibility.\r\n Exit Optionality – IPO, SPAC, or strategic sale\r\n opportunities under active review.\r\n\r\n\r\n \r\n\r\nThis\r\n Convertible Debt Cancellation and Off-Road EV Development Agreement is more\r\n than a debt resolution — it's a launchpad into one of the fastest-growing\r\n global markets. The deal strengthens Green Rain's financial position, empowers\r\n aggressive R&D, and positions Medican as the controlling brand owner with\r\n substantial profit and licensing potential in a premium EV product line.\r\n\r\n \r\n\r\nAlfredo Papadakis, CEO of GREH, stated:\r\n\r\n“In one move, we erased $10 million in debt and created the runway to\r\n deliver the most advanced off-road EV in the world. This is not just about\r\n joining the EV race — it’s about setting the pace.”\r\n\r\nDr. Xavier Mitchell, CEO of MDCN, added:\r\n\r\n“This deal is\r\n just as transformative for Medican as it is for Green Rain. We emerge as the\r\n full owner of a brand designed to compete head-to-head with the biggest EV\r\n names in the world, while maintaining the flexibility to license and monetize\r\n this asset globally. Our shareholders now have exposure to a high-performance\r\n EV program with a 50% profit stake, zero production risk, and multiple exit\r\n strategies that can generate substantial long-term value.\"\r\n\r\nEV Car Key Specs\r\n\r\n\r\n Quad-Motor, 1,200+ HP – 0–60 mph in under 2.8 seconds.\r\n Solid-State Batteries – 700-mile range, 400kW\r\n ultra-fast charging.\r\n Extreme Off-Road – 24-inch adju...