Medican Director Gary Johnson Becomes CEO of Cannabis Sativa


Ryan Allway

July 7th, 2014

News, Top Story


[stockchart symbol=MDCN]

Medican Enterprises Inc. [stockquote symbol=”MDCN”], a biopharmaceutical company focused on developing and marketing pharmaceutical grade cannabis to the emerging industry, recently announced that Director Gary Johnson was appointed as CEO of Cannabis Sativa Inc. [stockquote symbol=CBDS]. Mr. Johnson’s move will help him become a greater advocate for both companies.

“I have been a long supporter of medical marijuana and am committed to furthering the legalization and use of pharmaceutical grade cannabis,” said Mr. Johnson in a recent press release. “This new leadership role enables me to more effectively educate, advocate, and promote the great benefits of medical marijuana. I value my association with industry leaders like Medican Enterprises and look forward to continuing my work with them.”

Mr. Johnson was a two-term governor of New Mexico that owned and operated a construction company that helped build Intel Corp.’s [stockquote symbol=INTC] Rio Ranch, New Mexico plant before entering politics. On January 23, 2014, he joined the Medican Enterprises Board of Directors in order to help the company refine its regulatory approach and ultimately build a presence in the legal cannabis market.

Medican Enterprises’ wholly owned subsidiary is an industry leading designer, builder, and operator of medical marijuana and cultivation centers across Canada. International Herbs Medical Marijuana Ltd. (“IHMML”) has received conditional zoning approval from the City of Delta, which is a key milestone in obtaining its MMPR licensed producer status to ultimately produce medical cannabis in the country.

In additional Medican news, the company announced last week that they are finalizing discussions with IHMML to obtain a 51% controlling stake in their joint venture. In the release Medican CEO Ken Williams stated, “the IHMML management team has taken an increasing role within the company and we are pleased to announce that Medican is finalizing discussions to obtain 51%.”

Shares of Medican Enterprises Inc. were trading up 10%, on above average volume, after the announcement on Monday, July 7, 2014.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.



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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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