Medican Enterprises Inc. (OTC: MDCN) and Bell Rose Capital Inc. (OTC: BELR) Reveal Groundbreaking Purchase and Sale Agreement for Off-Road Electric Vehicle
There were a number of companies that had come onto the radars of investors yesterday, and one of those was Medican Enterprises Inc. (OTC: MDCN) after it made a key new announcement. The company announced that it had been successful in completing the formalities with regard to a strategic agreement. In this feature, we take a closer look into it.
The Announcement
In the news release yesterday, Medican Enterprises announced that it had completed a strategic purchase and sale agreement with Bell Rose Inc. (OTC: BELR) that helped it hit a major new milestone in the off-road EV (electric vehicle) space. As per the terms of the agreement, Bell Rose would be provided with the exclusive rights to manufacture, use, distribute, and market the innovative EV car from Medican Enterprises. Essentially, the company granted the responsibility of bringing its innovative and advanced EV car to the global markets through Bell Rose.
Further Information
It was further noted that in exchange for the right, Bell Rose had also provided Medican Enterprises with convertible promissory notes to the tune of $5 million. The promissory notes were also seen as a demonstration of the commitment that Bell Rose had to the project.
CEO Quote
“We are delighted about this agreement with Bell Rose Capital Inc.,” said Xavier Mitchell, CEO of Medican Enterprises Inc. “This agreement not only aligns with our vision for sustainable transportation but also leverages the groundbreaking work done by The Now Corporation. We are confident that Bell Rose’s leadership will drive our EV car to new heights.”
