Immunology

Medican Enterprises Inc. (OTCBB: MDCN) a bio-pharmaceutical company in the emerging global medical marijuana industry is pleased to announce its wholly owned subsidiary Canaleaf Systems Inc. (the Company) has signed a definitive purchase agreement to acquire 50 percent of International Herbs Medical Marijuana Ltd. ("IHMML").

In a move designed to signal the on-going development of the Company's cultivation operations and further expand its sales activities, the acquisition gives Medican immediate access to 400,000 sq. ft. of industrial cultivation space in Atholville, NB and ownership of a direct distribution channel to this medical sector.

"The industry economics are very attractive and the medical marijuana sector is positioned for solid long-term growth," said Kevin Coft, CEO of IHMML. "We are excited to build our business with Medican Enterprises and strive to become the premier cultivator and distributor of pharmaceutical grade medical marijuana in Canada."

Through the acquisition, Medican has gained access to highly skilled contractors working on the retrofit of a large scale Research, Cultivation and Distribution Center in Atholville New Brunswick, Canada. In addition IHMML has contracts to purchase an approximately 300,000 sq. ft. (with the potential to expand to a total of 600,000 sq. ft.) facility in Pokemoush, NB and a 25,000 sq. ft. facility in Delta, BC.