Wuhan General Group Closes Acquisition of Tsime Pharmaceuticals (PTY) Limited – Press Release

by Newsfeed

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,…

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