MedCana Announces Significant Share Restructuring to Streamline Operations and Enhance Shareholder Value

Software Effective Solutions, operating as MedCana (OTC: SFWJ), has taken a significant step towards optimizing its share structure by canceling 16,193,760 shares and exchanging 72,750,081 common shares for preferred stock. This move, totaling a reduction of 88,943,841 shares from its outstanding share count, is designed to streamline the company's financial framework and enhance value for its shareholders. The preferred shares issued are set to be convertible back to common stock after a 12-month period from their issuance.

José Gabriel Díaz, CEO of MedCana, emphasized that this restructuring is a pivotal part of the company's strategy to support its expansion efforts in Colombia. By refining its share structure, MedCana aims to solidify its foundation for future growth in the agricultural technology and cannabis industries. This initiative reflects the company's commitment to delivering long-term benefits to its investors and strengthening its position in these rapidly evolving markets.

For further details on this announcement, the full press release can be accessed here. MedCana continues to focus on its mission to develop and expand companies within the agricultural technology and cannabis sectors, underscoring its dedication to innovation and growth in these areas.