Medican Enterprises Inc. (OTC:MDCN) Acquires A Stake in Real Estate Powerhouse, Equity Apple Inc.
THE ANGEL, August 24, 2021 / PRNewswire / – Medican Enterprises Inc. is pleased to announce that it has acquired an interest in real estate company Equity Apple Inc. (“EA”). EA creates, invests and manages a diversified portfolio of commercial real estate, joint venture investments and other real estate-related assets that are compelling from a risk / return perspective, particularly with a focus on multi-family rental units and office buildings in “Qualified Opportunity Zones” such as listed in HR 1 2017, known as the Tax Cuts and Jobs Act.
EA owns and operates an online investment platform, www.EquityApple.com, which enables investors to become equity or leverage providers in real estate that may have been difficult to access in the past for some investors. By leveraging the EA platform, investors can browse and review real estate investments, view details of an investment, and sign legal documents. The platform is similar to that of other very successful REITs such as Realty Mogul and Fundrise.
Through EA’s network of Power Brokers and Family Wealth REITs, EA acquires commercial and residential investments nationwide, enabling accredited investors to participate in the best of the best.
Xavier Mitchell, CEO of Medican Enterprises Inc., explains: “Equity Apple acts as a REIT, the way we ultimately want to be structured. In the meantime, EA will invest in many of our real estate projects in exchange for equity or debt. The terms will be clearly outlined on a case-by-case basis. “He continues,” This acquisition provides synergies for our business operations by not only strengthening our balance sheet with real estate assets, but also by providing capital to our projects through accredited investors Placing EA to then invest in our real estate and access to capital to acquire larger projects that may previously have been outside of our sweet spot. “
Of course, this acquisition will allow Immediate Properties, a wholly owned subsidiary of Medican Enterprises Inc., to quickly finance its various projects. As a result, exit strategies are executed much faster. Immediate Properties continues to investigate 3D printing and commercial, multi-family and master plan developments of 20 homes and more.
Updates will follow
Legal notice on 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 haven created by those sections. This material contains statements about expected future events and / or financial results that are forward-looking and that are subject to risks and uncertainties. This includes the possibility that the deal described in this press release cannot be completed for any reason. This could be due to technical, installation, licensing, or other unpredictable issues. Such forward-looking statements, by definition, involve risks, uncertainties, and other factors that could cause the actual results, performance, or accomplishments of Medican Enterprises, Inc. to differ materially from the statements made herein. Except for obligations under US securities laws, Medican Enterprises, Inc. assumes no obligation to publicly update any forward-looking statements as a result of new information, future events, or otherwise.
SOURCE Medican Enterprises Inc.
