- CEO
- Mitchell Xavier
- Full Time Employees
- 3
- Sector
- Healthcare
- Industry
- Medical - Pharmaceuticals
- Address
- 6320 Canoga Avenue Los Angeles CA United States of America 91367
- IPO Date
- Feb 21, 1995
- Business
- Medican Enterprises, Inc. (MDCN) is a holding company focused on investments across real estate, sports, entertainment, and bio-pharmaceutical sectors with historical roots in cannabis-related activities. Founded in 1988 and headquartered in Las Vegas, Nevada, the company engages in residential and commercial real estate investment and development, including multifamily housing, retail spaces, office buildings, mixed-use developments, and adaptive reuse projects primarily in California, Nevada, Atlanta, and other U.S. metropolitan areas; it also pursues opportunities in medical and recreational marijuana production, cultivation, wholesale distribution, research, marketing, training, and retail sales through joint ventures and subsidiaries like Medican Systems Inc. in the United States and Canada, alongside stakes in basketball franchises, digital media assets, and pharmaceutical-grade cannabis strains such as high THC/low CBD, medium THC/medium CBD, and low THC/high CBD varieties. Recent developments include the acquisition of a majority stake in Vivian Legacy LLC and expansion into skincare products; a new majority shareholder announcement; stakes in real estate firms like Equity Apple Inc. and 49% in R & B Property Development Limited in 2021 and 2024; a 2019 merger agreement with Immediate Properties LLC shifting emphasis to real estate while retaining a $10 convertible note in The Now Corporation for hemp and THC medicinal applications; and leadership changes with Kelvin Lindsey as CEO and Kris Klassen as President.