AUSTIN, Texas, June 10, 2024 (GLOBE NEWSWIRE) -- via IBN – SFWJ, doing business as MedCana, a leading entity in the cannabis and agricultural technology sectors, unveils its strategic initiative as the Company embarks on its first expansion phase. With meticulous planning and foresight, the Company is pleased to declare the allocation of an additional 2 hectares dedicated to production. This pivotal move underscores management’s steadfast commitment to meeting escalating market demands and fortifying the Company’s operational capabilities.
In conjunction with Eko2o S.A.S, a majority-held subsidiary of MedCana, the Company is delighted to report a significant milestone in cost optimization. Through collaborative efforts and innovative strategies, a remarkable 35% reduction has been achieved in construction costs associated with greenhouses and irrigation systems. This achievement exemplifies the Company’s dedication to operational efficiency and sustainable practices, reaffirming its position as an industry leader.
Jose Gabriel Diaz, CEO of MedCana, expressed his enthusiasm, stating, "This expansion marks a significant milestone in our journey. We are committed to driving value for our stakeholders while embracing sustainable growth strategies."
As the Company embarks on this expansion endeavor, MedCana remains steadfast in its pursuit of excellence and innovation, poised to elevate standards within the industry.
About SFWJ/MedCana
Software Effective Solutions/MedCana is a holding company focused on developing companies in the agricultural technology and the 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, please visit: www.MedCana.net
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SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company’s control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Contact:
Juan Gabriel Diaz, CEO
www.medcana.net
info@medcana.co
Corporate Communications:
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Los Angeles, California
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310.299.1717 Office
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