MedCana Streamlines Share Structure to Bolster Growth in Colombia's Cannabis Market

Software Effective Solutions, operating as MedCana (OTC: SFWJ), has taken a decisive step towards optimizing its share structure by canceling 16,193,760 shares and converting 72,750,081 common shares into preferred stock. This strategic move results in a total reduction of 88,943,841 shares from the company's outstanding share count, with the preferred shares set to be convertible back to common stock after 12 months from issuance. According to CEO José Gabriel Díaz, this initiative is designed to streamline the company's financial framework, thereby supporting MedCana's ongoing expansion efforts in Colombia and promising long-term benefits for its investors.

The decision reflects MedCana's commitment to strengthening its position in the agricultural technology and cannabis sectors. By adjusting its share structure, the company aims to create a more solid foundation for the future growth of its holdings. This approach not only underscores MedCana's dedication to shareholder value but also highlights its strategic focus on leveraging Colombia's burgeoning cannabis market for sustainable development.

For further details on this announcement, interested parties can view the full press release here. MedCana's efforts to refine its share structure and focus on growth in the cannabis industry signal a proactive approach to navigating the challenges and opportunities within this dynamic sector.