Wuhan General Group (China) Inc. (OTC: WUHN) on Tuesday issued a statement to shareholders and provided a list of its corporate milestones. In the update, the company clarified that Wuhan General Group is a U.S.-registered corporation and has no dealings with any Chinese parties relating to its ongoing business activities. The company has retained the services of a law firm in order to take all necessary steps to file a name change with FINRA to remove any possible confusion with its current name and to better reflect the nature of the business. In addition, the company announced that it is in the process of investigating all options for uplisting and becoming a fully reporting issuer, and it shared updates and milestones, including last month’s purchase of 49 percent of the assets of Biodelta Nutraceuticals Ltd., at a price of $1.567 million, financed by private funding.
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About Wuhan General Group (China) Inc.
Wuhan General Group (China) Inc., through wholly owned subsidiary MJ MedTech, is a nutraceutical biotechnology company that researches, develops and commercializes a range of CBD-based products under the Dr. AnnaRx brand. In addition, its new division, M2BIO aims to explore and develop additional indications for psilocybin new therapies that will help patients who suffer from mental illness. Our mission is to advance botanical-based medicine to the forefront by deploying best practice science and medicine, clinical research and emerging technologies. For more information, visit the company’s website at www.WUHN.org
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