Vaughan, Ontario, January 14, 2025 – Medican Enterprises Inc. (OTC: MDCN), a leader in the sports and entertainment industries, is thrilled to announce the opening of its new satellite office in Vaughan, Ontario, as part of its ambitious Canadian expansion strategy. Located at 7398 Yonge Street, Unit 2117, Vaughan, ON, L4J 8J2, this new office will serve as a hub for advancing the company’s operations and partnerships in the region.
In addition to the Vaughan office, Medican Enterprises is excited to unveil plans to establish its Canadian headquarters in the vibrant Scarborough area of Toronto. With its strategic location and access to diverse talent pools, Scarborough offers an ideal environment for Medican’s next phase of growth. This headquarters will become the nerve center for the company’s Canadian activities, driving innovation and strengthening relationships with stakeholders across North America.
“We’re entering 2025 with momentum and a vision,” said, Xavier Mitchell, CEO of Medican Enterprises Inc. “The opening of our Vaughan office is just the beginning. Our future headquarters in Scarborough will position us at the heart of one of Canada’s most dynamic cities, allowing us to foster stronger community ties, expand our workforce, and take our operations to the next level.”
The move aligns with Medican’s overarching mission to build a robust infrastructure that supports its growing portfolio in the sports and entertainment sectors. From its new locations, the company aims to drive forward partnerships, community engagement, and innovation while contributing to the local economies.
Why Scarborough?
Scarborough offers unparalleled access to key transportation networks, a thriving business ecosystem, and a culturally rich community. The company is currently scouting potential locations in the area, with plans to announce the new headquarters in the coming months.
Looking Ahead
With the Vaughan satellite office already operational, Medican Enterprises is well-positioned to accelerate its expansion efforts while working toward a Scarborough-based headquarters that will reflect its values and aspirations. The company invites stakeholders, investors, and community leaders to stay tuned for updates on this exciting journey.
For more information, please visit www.medicaninc.com.
About Medican Enterprises Inc.
Medican Enterprises Inc. is focused on leveraging strategic assets in the sports and entertainment sectors. The companyâÂÂs portfolio includes a minority interest in ABA Sports Realty Group, majority ownership stake in America Basketball Association Canada Inc., and two professional basketball teams, the Hollywood Action and Beverly Hills Majestics. Additionally, Medican Enterprises holds the rights to the Fathers of the Sport video game and documentary, including associated NFTs and other various basketball-related assets. This diverse suite of investments positions Medican Enterprises at the intersection of sports, media, and digital innovation, driving value creation in these dynamic industries.
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 jut 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, permitting 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.