Medican Enterprises Inc. (OTC: MDCN) and Bell Rose Capital Inc. (OTC: BELR) Announce Transformative Purchase and Sale Agreement for Off-Road Electric Vehicle
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BELR moves in to the EV space and is making its vision and mission in the OTC one strategic move at a time.
- (1888PressRelease) February 25, 2025 - Medican Enterprises Inc. (OTC: MDCN) and Bell Rose Capital Inc. (OTC: BELR) Announce Transformative Purchase and Sale Agreement for Off-Road Electric Vehicle.
Medican Enterprises Inc. (OTC: MDCN) ("Medican") and Bell Rose Capital Inc. (OTC: BELR) ("Bell Rose") are excited to announce a strategic purchase and sale agreement that marks a significant milestone in the off-road electric vehicle (EV) market. Under this agreement, Bell Rose will obtain exclusive rights to use, manufacture, market, and distribute Medican's innovative EV Car.
Medican, leveraging technologies and developments facilitated by The Now Corporation (OTC: NWPN), has entrusted Bell Rose with the responsibility of bringing its state-of-the-art EV Car to global markets. In exchange for these exclusive rights, Bell Rose has issued Medican a $5 million convertible promissory note, underscoring the strong commitment and financial backing of both parties.
Highlights of the Agreement:
-Exclusive License: Bell Rose is granted a non-transferable, exclusive license to use, manufacture, market, and distribute Medican's revolutionary EV Car worldwide.
- Convertible Promissory Note: Medican receives a $5 million convertible promissory note from Bell Rose, solidifying the financial foundation and confidence in the product’s success.
- Collaboration with The Now Corporation: Medican relies on The Now Corporation for the research, development, and production of the EV Car, ensuring cutting-edge technologies.
- Strategic Collaboration: The partnership combines Medican's reliance on advanced technologies with Bell Rose's market expertise, aiming to accelerate the adoption of eco-friendly off-road vehicles.
"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."
Carlos Salgado, CEO of Bell Rose Capital Inc., added, "This agreement with Medican Enterprises and their collaboration with The Now Corporation presents a unique opportunity to revolutionize the off-road vehicle market. We are committed to delivering exceptional value and innovative solutions to our customers."
Updates will be forthcoming
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