PALM BEACH, Fla., April 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Medican Enterprises Inc. (MDCN) is pleased to announce the acquisition of California-based, clothing icon, Chuck’s Vintage Inc.
Chuck’s Vintage is an upscale-funky shop featuring one-of-a-kind vintage fashions for both men and women with a particular focus on denim. An online store will be operational in the next few months to cater to its international clientele. More importantly, due to strong demand from its celebrity customers, Chuck’s Vintage Inc. will begin making its own brand of vintage jeans.
Pursuant to the Acquisition and Merger Agreement, Ken Williams has stepped down as CEO and appointed Madeline Cammarata as CEO. He will remain as both an officer and director for a three month period to assist with the transition.
Madeline Cammarata, CEO of both Medican Enterprises Inc. (MDCN) and Chuck’s Vintage Inc., states, “I will bring Medican current in its filings and do a name change in short order. The new brand name will be revealed this month and I expect this niche clothing to dominate the high-end market. Shareholders now have the opportunity of getting in at the bottom as I build this company into an empire.”
Updates will be forthcoming
Legal Notice Regarding 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 harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medican Enterprises Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Medican Enterprises, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.