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Wuhan General Group, Inc.: Wuhan General Group Closes Acquisition of Tsime Pharmaceuticals (PTY) Limited


Wuhan General Group, Inc.: Wuhan General Group Closes Acquisition of Tsime Pharmaceuticals (PTY) Limited
CAPE TOWN, SA / ACCESSWIRE / January 14, 2021 / WUHAN GENERAL GROUP, INC. (OTC PINK:WUHN) ( Wuhan or the Company ), a bioceutical company focused on alternative plant-based cannabinoids and psilocybin medical research is pleased to announce effective today, it has executed and closed the Acquisition (the Transaction ) of Tsime Pharmaceuticals (Pty) Ltd ( Tsime ). Tsime will become a subsidiary of MJ Medtech Inc.
The Tsime license grants the ability to cultivate, extract and process medicinal cannabis and sell the commodity for medicinal, scientific and any other legal purpose. Located in the Kingdom of Lesotho in Southern Africa, Tsime plans to cultivate up to 3 hectares of medicinal-grade cannabis on the farm with a land area covering 23 hectares (57 acres). With its license, the Company will grow, extract and process medicinal cannabis on-site, a key element in dri ....

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Wuhan General Group, Inc.: Wuhan General Group Announces $450,000 USD Private Placement by ThreeD Capital Inc.


Wuhan General Group, Inc.: Wuhan General Group Announces $450,000 USD Private Placement by ThreeD Capital Inc.
The Company is pleased to announce a private placement financing of $450,000.00 USD with
ThreeD Capital Inc. In consideration, the Company will issue 1,500,000 units (the Units ) at a price of $0.30 per Unit. Each Unit will consist of one (1) common share of the Corporation (a Common Share ) and one Common Share purchase warrant (a Warrant ) exercisable at $0.30 per Warrant. The Warrants will expire three (3) years from the date of issuance. At the option of the Company, the Company may force the Holder to exercise the Warrant at a price per share equal to $0.30, provided that (i) the average closing bid price of the Company s Common Stock as reported by the OTC Bulletin board shall have been equal to or greater than $1.00 for a period of twenty (20) consecutive trading days ending on the date preceding the date on which the Holder receives a notice from the C ....

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