AveragePenny
4 months ago
$SFWJ/MedCana Will Eliminate All Convertible Debt by the End of the 3rd Quarter
https://www.accesswire.com/901342/sfwjmedcana-will-eliminate-all-convertible-debt-by-the-end-of-the-3rd-quarter
$450,000 of convertible debt being eliminated
AUSTIN, TX / ACCESSWIRE / August 15, 2024 / SFWJ, doing business as Medcana, a holding company focused in the cannabis and agricultural technology sectors, is pleased to announce all Convertible Debt on the Company's Balance sheet will be eliminated and reported in the 3rd Quarter Financial Report.
As the Company prepares to enter its next growth phase, the debtholders worked out a deal to swap the debt for Preferred shares with the same rights and interest rate to boost investor confidence. After being issued the preferred shares, the debtholders agreed to a 6-month lock-up agreement.
Gabriel Diaz, CEO of MedCana, reaffirmed the company's commitment to its shareholders, stating, "Our goal is to build a strong company focusing on revenue and, most importantly, enhanced shareholder value. We want our shareholders to invest with confidence, knowing they will not have to worry about any debt conversion hindering the value of their shares."
AveragePenny
6 months ago
$SFWJ/MedCana Announces Strategic Partnership with Colombian Company to Begin Exporting CBD Buds to Switzerland
https://www.accesswire.com/876226/sfwjmedcana-announces-strategic-partnership-with-colombian-company-to-begin-exporting-cbd-buds-to-switzerland
AUSTIN, TX / ACCESSWIRE / June 12, 2024 / SFWJ, doing business as Medcana, a holding company focused in the cannabis and agricultural technology sectors is pleased to announce a new strategic partnership with one of its subsidiaries with a prominent local Colombian company to begin the export of its first crop of CBD buds to Switzerland within the next six months. This collaboration marks a significant milestone in MedCana's expansion into the European market and its commitment to delivering high-quality CBD products internationally.
Gabriel Diaz, CEO of MedCana, stated, "We are thrilled to partner with such a reputable local company in Colombia. This partnership not only strengthens our supply chain but also underscores our dedication to bringing premium CBD products to the global market. Switzerland represents a key market for us, and we are excited about the potential growth this collaboration will bring."
The partnership will leverage the strengths of both companies to ensure the successful export of CBD buds that meet the stringent quality standards of the Swiss market. This initiative aligns with MedCana's strategic goals of expanding its footprint in Europe and promoting sustainable agricultural practices in Colombia.
The local Colombian partner, known for its excellence in cultivation and processing, will play a crucial role in this venture. "This collaboration with MedCana is a testament to our shared vision of producing and delivering the highest quality CBD products," said Diego Flores, Executive Director. "We are eager to begin this journey and look forward to a prosperous partnership."
This announcement comes at a time of increasing demand for CBD products in Europe, driven by growing consumer awareness and regulatory advancements. MedCana and its partner are committed to meeting this demand with products that uphold the highest standards of purity and efficacy.
AveragePenny
11 months ago
$SFWJ IBN Announces Latest Episode of The Bell2Bell Podcast featuring Jose Gabriel Diaz, CEO of MedCana
https://www.globenewswire.com/news-release/2024/01/09/2806267/0/en/IBN-Announces-Latest-Episode-of-The-Bell2Bell-Podcast-featuring-Jose-Gabriel-Diaz-CEO-of-MedCana.html
LOS ANGELES, Jan. 09, 2024 (GLOBE NEWSWIRE) -- via IBN โ IBN, a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The Bell2Bell Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels.
The Bell2Bell Podcast delivers informative updates and exclusive interviews with executives operating in fast-moving industries. Bell2Bellโs latest podcast features Jose Gabriel Diaz, CEO of Software Effective Solutions Corp. (d/b/a MedCana) (OTC: SFWJ), a global infrastructure and holding company in the cannabis industry.
To begin the interview, Diaz provided an introduction to MedCana and its business model.
โWe are a U.S.-based holding company focused on developing infrastructure and cannabis companies around the world,โ Diaz said. โRight now, the focus is primarily on markets outside of the U.S. that have already fully legalized pharmaceutical (and possibly some recreational) cannabis. We're looking at Switzerland, Germany, Portugal, Spain and most of Europe, as well as Australia, Brazil, Argentina and Uruguayโฆ Our focus, initially, is not going to be into the United States, until there is a 100% guarantee that everything weโre doing is on the legal side.โ
โThe focus is for MedCana to develop these companies that weโve acquired outside of the U.S. to grow a presence in these international markets. It's not just cultivation that we're doing, however. MedCana is an infrastructure company. We also have two other very important companies. One is focused on software to make sure that certifications are being managed by our companies, but not just our companies. These are software products that we will be selling to other companies as we develop them.โ
โWe also are very focused on infrastructure development of not just cannabis but technology in agriculture. Cannabis requires a tremendous amount of technology, greenhouses, irrigation and control systems. Instead of us purchasing from another company, we decided to take a majority stake in an established Colombian company that is already explodingโฆ So, itโs developing these markets for the companies that we bought with the licenses. It's also focusing on infrastructure and software, along with the electronic resource planning and software management of these companies.โ
Join IBNโs Stuart Smith and Jose Gabriel Diaz, CEO of Software Effective Solutions Corp. (d/b/a MedCana) (OTC: SFWJ), to learn more about MedCanaโs leadership team, as well as its recent milestones and operational goals for 2024.
To hear the episode and subscribe for future podcasts, visit https://podcast.bell2bell.com.
The latest installment of The Bell2Bell Podcast continues to reinforce IBNโs commitment to the expansion of its robust network of brands, client partners, followers, and the growing IBN Podcast Series. For more than 17 years, IBN has leveraged this commitment to provide unparalleled distribution and corporate messaging solutions to 500+ public and private companies.
To learn more about IBNโs achievements and milestones via a visual timeline, visit: https://IBN.fm/TimeLine