Medican Enterprises Inc (MDCN) The company via their official twitter page confirmed that is in discussions for a merger/acquisition with a California company. Here is the official tweet "Dear Medican Enterprises Inc. (OTC:MDCN) Shareholders, we are in discussions for a merger/acquisition with a California company acting as a real estate investment trust. We hope for a closing this month. $MDCN" shorturl.at/zDHYZ

What is a Reverse Merger?

Reverse mergers are also commonly referred to as reverse takeovers or reverse initial public offerings (IPOs). A reverse merger is a way for private companies to go public, and while they can be an excellent opportunity for investors. https://www.investopedia.com/articles/stocks/09/introduction-reverse-mergers.asp

Reverse mergers typically occur through a simpler, shorter, and less expensive process than a conventional IPO. With an IPO, private companies hire an investment bank to underwrite and issue shares of the new soon-to-be public entity. https://www.investopedia.com/articles/stocks/09/introduction-reverse-mergers.asp

In a reverse merger, investors of the private company acquire a majority of the shares of a public shell company, which is then combined with the purchasing entity. https://www.investopedia.com/articles/stocks/09/introduction-reverse-mergers.asp

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