NEW YORK, May 20, 2015 /PRNewswire/ -- Medican Enterprises Inc. (OTCBB: MDCN) is a bio-pharmaceutical company at the forefront of wholesale medical marijuana ("MMJ") production, cultivation, and wholesale distribution of cannabis related products. Medican through its subsidiaries, is seeking to invest in businesses associated with the growing, marketing, research and development, training, distribution and retail sale of medical and recreational marijuana, both in the United States and Canada.
The company's stocked popped up at the end of March when it announced its upcoming acquisition of a couple of properties in Arizona. But in out of the last ten sessions MDCN lost 82% of its value in a matter of just two weeks. Yesterday, it continued a 5% down and it closed the day at $0.0055 on a dollar volume of $414 thousand.
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