Medican Enterprises Inc. (OTC: MDCN) Secures Strategic $4.5M Acquisition of Basketball Assets from Valiant Eagle Inc. (OTC:PSRU), Poised for Exponential Growth
Medican Enterprises Inc. (OTC: MDCN) is thrilled to announce a landmark acquisition of major basketball assets from Valiant Eagle Inc. (OTC: PSRU) for a total consideration of $4.5 million. This acquisition positions Medican to rapidly expand into the multi-billion-dollar sports entertainment and media industry, further diversifying its portfolio and driving significant value for shareholders.
The acquired assets include an 8% stake in ABA Sports Realty Group, a controlling 62% interest in America Basketball Association Canada Inc., ownership of two basketball teams—Hollywood Action and Beverly Hills Majestics, and exclusive rights to the Fathers of the Sport video game and documentary, along with a collection of related NFTs and all other basketball assets.
Immediate Revenue Impact & Global Market Opportunity
This acquisition is a significant milestone in Medican’s growth strategy. By securing these assets, the company has now established a foothold in a global basketball industry valued at over $100 billion, with immediate revenue opportunities from the ABA Canada Inc., the two professional teams, media content, and NFT-driven digital assets.
The integration of these assets is expected to generate substantial new revenue streams for Medican Enterprises, both from traditional sports operations and innovative digital properties, such as NFTs and blockchain-based video game initiatives. The company’s stake in the rapidly expanding America Basketball Association (ABA) Canada further positions Medican to benefit from global basketball’s surging popularity, with multiple international and digital expansion plans in the pipeline.
Xavier Mitchell, CEO of both Medican Enterprises Inc. and Valiant Eagle Inc., commented on the deal:
“This is an extraordinary moment for Medican and its shareholders. The acquisition of these basketball assets represents an unmatched growth opportunity in one of the world’s fastest-growing sports markets. With this deal, we are laying the foundation for a multi-faceted revenue model that spans live sports, media, digital content, and NFT innovations. We anticipate this move will accelerate Medican’s financial growth trajectory significantly.”
Promissory Note Secured at $4.5 Million
As part of the transaction, Medican Enterprises has issued a $4.5 million promissory note, bearing 8% interest, due in full by September 2026. This structure allows Medican to focus on growing and maximizing the potential of its newly acquired assets without immediate cash outflows, providing further financial flexibility as it executes its expansion plans.
Global Sports Media and NFT Expansion
Medican is especially excited about the NFT component of the deal, which taps into the explosive growth of blockchain technology and digital collectibles. Fathers of the Sport, an iconic documentary and video game series, will be relaunched with an integrated NFT strategy, allowing Medican to monetize digital memorabilia tied to basketball history and culture. This positions the company at the cutting edge of sports media innovation, which could open doors to millions in new digital revenue.
Looking Ahead: Aggressive Expansion & Strategic Partnerships
This acquisition is only the beginning of Medican’s strategic entry into the sports and entertainment sector. The company has identified several high-growth initiatives, including the expansion of its ABA Canada operations into additional markets and the development of new digital sports media properties leveraging blockchain technology.
Investors can expect regular updates as Medican Enterprises continues to execute its strategic plan, including potential new partnerships, sponsorships, and cross-promotions with major brands and influencers within the sports and entertainment world.
About Medican Enterprises Inc.
Medican Enterprises Inc. (OTC: MDCN) is a Nevada-based diversified investment company focused on acquiring and scaling businesses in high-growth sectors. Medican’s portfolio includes investments in healthcare, sports entertainment, and digital technologies, with a strategic emphasis on delivering long-term shareholder value through innovative acquisitions and operational growth.
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.