LOS ANGELES, August 24, 2021 / PRNewswire / – Medican Enterprises Inc. is pleased to announce that it has acquired a stake in Equity Apple Inc. (“EA”), a real estate company. EA creates, invests and manages a diversified portfolio of commercial real estate, equity investments in joint ventures and other real estate assets that are attractive in terms of risk and return, especially with a focus on apartment buildings for rent and office buildings located in “ Skill Opportunity Zones ”identified in HR 1 2017, known as the Tax Cuts and Employment Act.
EA owns and operates an online investment platform, www.EquityApple.comwhich allows investors to become holders of shares or debt in real estate, which has historically been difficult for some investors to access. Using the EA platform, investors can view and verify real estate investments, view investment details, and sign legal documents. The platform is similar to that of other highly successful REITs such as Realty Mogul and Fundrise.
Through a network of influential EA brokers and REITs for Family Wealth, EA acquires commercial and residential investments across the country, providing accredited investors with a stake in the best of the best.
Xavier Mitchell, CEO of Medican Enterprises Inc., states, “Apple’s share capital functions as a REIT and that is how we would like to be structured ultimately. In the meantime, EA will invest in many of our real estate projects in exchange for equity or debt. The terms will be clearly set out on a case-by-case basis. ”He continues:“ This acquisition provides synergies for our operations by not only strengthening our balance sheet with a real estate asset, but also by providing capital to our projects through accredited investors who place funds with EA to invest in our real estate. It also allows us access to capital through which to acquire larger projects that may have previously been outside our comfort zone. “
Naturally, with this acquisition, Immediate Properties, a wholly owned subsidiary of Medican Enterprises Inc., will be able to promptly finance its various projects. As a result, exit strategies are executed much faster. Immediate Properties continues to explore 3D printing and commercial projects as well as multi-family projects and masterplanning for 20 homes or more.
Updates coming soon
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 Stock Exchange Act of 1934 and is subject to the provisions of those sections. This material contains statements of expected future events and / or financial results that are forward-looking in nature and are subject to risks and apparent uncertainties. This includes the possibility that the business described in this press release may not be completed for any reason. This could be the result of technical, installation, permitting or other unforeseen problems. Such forward-looking statements, by definition, involve risks, uncertainties, and other factors that could cause Medican Enterprises, Inc.’s actual results, performance or achievements to be achieved. will differ materially from the statements made in this document. Except for any obligation under US federal 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.