Business
Medican Enterprises Announces a Joint-Venture In Creating a New Wine to Compliment Our Brand
Medican Enterprises Announces a Joint-Venture In Creating a New Wine to Compliment Our Brand.
About this update from Medican Enterprises Inc
[{"type":"text","content":"\n \n Medican \n Enterprises, Inc. (OTCBB:MDCN), is pleased to announce that it has \n signed a joint-venture with El Encanto Vineyards, a recently-acquired, \n wholly-owned subsidiary of Newealth US, Inc. / Universal Apparel & \n Textile Company (DKGR:OTC), in creating a newly branded Moscato wine \n that will complement the cannabis brands that Medican is bringing to \n market. With the wine industry in California suffering from a severe \n drought, El Encanto Vineyards, in New Mexico has a strategic advantage \n due to its abundance of geothermal water necessary for its vineyards and \n ideal sun and soil to make a perfect wine for our customers. In addition \n to Michigan, as we mentioned in our last press release, we plan to \n target the states of Colorado, Alaska and Washington initially for the \n distribution of our cannabis products and the entire US for our wine \n products.\n \n \n Medican CEO, Kenneth Williams commented, “I am very pleased to work with \n Eugene Turner, CEO of Newealth US /Universal Apparel & Textile Company \n (DKGR:OTC), and the esteemed Anthony Silveira in creating this brand. \n There are 20 acres of land in New Mexico that are to be immediately \n established for growing the grapes for Medican’s wine as part of this \n joint-venture and 200 acres ultimately available.” In the meantime, \n Moscato will be available from comparable local Newealth licensed \n vineyards for distribution in 60 days sporting the Medican brand. Also \n available is land for our patrons to own their own section of vineyard \n to “Own the Land and Create the Brand”.\n \n \n The vision is for Medican to have a branded wine. The initial Moscato \n vintage label \"D420\" will focus on capturing a market share of the $1.2 \n trillion annual \"black\" hip hop retail market. This strategic move \n will create a first product in a long line of vintages to come branded \n under Medican labels.\n \n \n About Medican Enterprises, Inc.\n \n \n Medican Enterprises is a bio-pharmaceutical company focused on pursuing \n business opportunities in the growing medical and recreational marijuana \n sector. Through its subsidiaries, Medican is seeking to invest in our \n businesses associated with the growing, marketing, research and \n development, training, di...