Business
Medican Enterprises Inc. (OTC:MDCN) Appoints Industry Veteran, Xavier Mitchell, As CEO
Medican Enterprises Inc. (OTC:MDCN) Appoints Industry Veteran, Xavier Mitchell, As CEO.
About this update from Medican Enterprises Inc
[{"type":"text","content":"Medican Enterprises Inc. (OTC:MDCN) is pleased to announce that it has appointed a new, experienced CEO, Xavier Mitchell. The industry veteran looks to build a diverse portfolio of real estate assets initially focused on the Southern California Multi Family and Commercial sectors then expanding geographically.Mr. Mitchell began his journey in Real Estate circa 1992 in San Bernardino County, California. At the time, the climate of the real estate market was stagnant and entering a stage of tumultuous decline. There was an abundance of abandoned and distressed properties due to the closure of Norton Air Force Base in 1994 resulting in a mass exodus that ensued for years. The Base served as an economic pillar to the community.Mr. Mitchell was able make an instrumental impact on the community by developing hundreds of otherwise abandoned and decrepit homes. As a result of his efforts and contribution to the community, he was issued a key to the city of San Bernardino.Before he was 30 years old, he founded his first investment firm named Blue Diamond Unlimited with an inventory of nearly 100 single and multifamily properties which eventually appreciated significantly. With this windfall, he opened Blue Diamond Realty, a full service Real Estate sales office. Afterwards, he founded Misster Mortgage in Stockton, California which became one of the largest mortgage brokers in the area. He then started Immediate Properties LLC in 2014 with operations in Georgia, California, and Arizona with multiple holdings ranging from land to multi family residences.Mr. Mitchell’s competitive advantage rests in his never ending need to educate prospective investors by, not only assisting in their acquisitions, but by significantly curtailing their exposure by purchasing assets with limited to no downside.With respect to Immediate Properties, he plans to continue adding to this narrative of creating value with limited exposure by continually seeking value in other areas and sectors. He possesses an in-depth knowledge and understanding of the 3D printing industry. With the tremendous rise of lumber costs due to COVID-19, the industry could easily shift to 3D concrete printing as an alternative for residenti...