May 30 (Reuters) - Medcolcanna Organics Inc MCCN.V :
* MEDCOLCANNA ENTERS AGREEMENT TO ACQUIRE INTEREST IN CANNABIS OIL REFINERY
* MEDCOLCANNA ORGANICS INC - PURSUANT TO AGREEMENT, MEDCOLCANNA WILL ACQUIRE A 20% STAKE IN REFINERYCO
* MEDCOLCANNA ORGANICS INC - DEAL FOR US$1 MILLION