- MedCana adds to portfolio with strategic acquisition of two cannabis companies
- First acquisition represents “leap forward” in SFWJ’s commitment to innovation, excellence within the cannabis sector
- Second company holds key production, processing and exportation licenses that will strengthen MedCana’s operational chain
Software Effective Solutions (d/b/a MedCana) (OTC: SFWJ) is growing its footprint in the cannabis space through savvy acquisitions. In the past few months, MedCana, a leading holding company in the cannabis industry, has announced two new acquisitions as the company keeps its eye on making strategic additions to its portfolio.
Last month, the company announced that it was in the final stages of negotiations to acquire its sixth cannabis company in Colombia (https://nnw.fm/nGmU5). This strategic acquisition is extremely significant because the targeted company holds a unique cannabis genetics license, which MedCana believes will revolutionize its potential to create and register unique cannabis genetic varieties for production and commercialization.
“The addition of this new company to MedCana’s portfolio represents a significant leap forward in our commitment to innovation and excellence within the cannabis sector,” said MedCana CEO Jose Gabriel Diaz. “By integrating this company’s cutting-edge genetics capabilities, MedCana will be poised to develop proprietary cannabis strains, enhancing the diversity and quality of our product offerings to meet the evolving needs of consumers and medical patients alike.”
Earlier in March, MedCana completed the previously announced acquisition plus the acquisition of a second company, bringing the number of companies in MedCana’s portfolio to nine (https://nnw.fm/wZzFF). The second company holds key production, processing and exportation licenses that will strengthen MedCana’s operational chain, supporting a seamless integration of supply from cultivation through to global distribution and ensuring the company’s position as a fully self-sufficient entity in the cannabis market.
“These acquisitions represent a monumental step towards our vision of becoming a world-leading integrated cannabis company,” said Diaz. “With seven cannabis-producing companies, one agriculture technology and infrastructure company, and one software company under our belt, MedCana is exceptionally positioned to innovate, produce and deliver high-quality cannabis products globally.”
MedCana is committed to developing clients and companies in Latin America, initially in Colombia, and partnerships with laboratories, research facilities and hospitals throughout the world. These recent acquisitions reflect the company’s focus on scientific advancements and sustainable practices as it works to achieve the broader goal of leading the cannabis industry through strategic growth and pioneering research. The company is excited about the future prospects these new assets bring to its operations and the vast opportunities for innovation they unlock.
Software Effective Solutions/MedCana is a holding company focused on developing companies in the agricultural technology and cannabis industries. As MedCana moves forward with its expansion plans, the company remains committed to delivering on its promise of building a solid foundation for future growth of its holdings.
For more information, visit the company’s website at www.MedCana.net.
NOTE TO INVESTORS: The latest news and updates relating to SFWJ are available in the company’s newsroom at https://nnw.fm/SFWJ
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