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Wuhan General Group (OTC PINK: WUHN) has acquired the remaining shares of Tsime Pharmaceuticals and Medical Supplies, enhancing its ownership to 100%. The acquisition streamlines operations in the cannabis sector, as Tsime holds a unique Operator's license in Lesotho, allowing it to cultivate, process, and export medical cannabis under a single permit. The CEO emphasized the operational efficiencies gained and future infrastructure developments, including greenhouses and research facilities, aimed at bolstering their market position in the bioceutical industry.
Wuhan General Group, Inc. (OTC PINK: WUHN) updates on its Medspresso brand, announcing a recorded coffee webinar titled The Art, Craft, and Science of Coffee held on December 1, 2021. The webinar featured industry experts discussing coffee nuances. Additionally, a coffee tasting event is scheduled for December 10, 2021, at Zootly in Cape Town, showcasing specialty beverages and Medspresso machines. The company reports successful partnerships, gaining 12 new stockists recently, totaling 78 clients in South Africa, and expresses optimism for continued growth into 2022.
Wuhan General Group, Inc. (OTC PINK: WUHN) announced a significant reduction in its share capital by cancelling 5,000,000 common shares, reducing total issued shares from 55,999,662 to 50,999,662. This action represents a 9% decrease in share capital. CEO Jeff Robinson emphasized this move as a preliminary step towards improving the company's financial structure ahead of expected growth in 2022. WUHN focuses on alternative plant-based cannabinoids and psilocybin medical research under its M2Bio Sciences subsidiary, developing products aimed at various health conditions.
Wuhan General Group, Inc. (OTC PINK: WUHN) announced the launch of the Medspresso™ Torro Dual Purpose Home Espresso Maker. This innovative machine accommodates both Dolcè Gusto® and Nespresso® capsules, expanding the company's product range.
The Torro is now available on the Medspresso website, with retail expansion planned for South Africa and international markets including Amazon UK, US, and DE. The machine features a 19-Bar pressure pump and customizable cup sizes, aligning with sustainability trends as its capsules are fully biodegradable.
Wuhan General Group, Inc. (OTC PINK: WUHN) is hosting a coffee-focused webinar on November 12, 2021, featuring industry experts discussing the coffee market and specialty coffee nuances. Panelists include renowned baristas and coffee specialists like Gerald Charles and Alessandro Morrico. The event aims to explore the history, art, and health benefits of coffee, especially its combination with CBD. WUHN operates through its subsidiary, M2Bio Sciences, focusing on plant-based cannabinoids and psilocybin research, aiming to advance botanical-based medicine.
Wuhan General Group, Inc. (OTC PINK: WUHN) reported progress on its Blockchain Supply Chain solution through its M2Bio Blockchain Research & Technology Group. Phase I has been completed, and Phase II is underway, aiming to disrupt current supply chain models. The blockchain solution offers enhanced security, trust in manufacturing, and integration with advanced technologies like IoT and AI. The platform is designed to accommodate various industries and support ESG principles. New webinars will be held in November and December 2021 to discuss its developments.
Wuhan General Group, Inc. (OTC PINK:WUHN) announced an upcoming webinar on October 1, 2021, hosted by newly appointed Chief Innovation Officer Dr. Riyad Domingo. The focus will be on advancements in mental health therapeutics using psilocybin, with insights into the company's use of artificial intelligence in drug development. CEO Jeff Robinson emphasized the company's commitment to innovative research in psychedelic therapies aimed at addressing mental health issues. This initiative highlights the company's strategy to integrate emerging technologies in their research.
Wuhan General Group, Inc. (OTC PINK:WUHN) announced the launch of the Medspresso CBD Infused Organic Coffee Range, adding two speciality coffees: the Mbeya Tanzanian Peaberry and the Estate Ethiopian & Kenyan Blend. This decision was driven by strong consumer demand and feedback during the COVID-19 pandemic, with a global coffee market valued at approximately $465 billion, expected to grow at a CAGR of 6.2% to about $668 billion by 2026. The new product range will be available from November 1st, 2021, and is roasted by renowned coffee technician Gerald Charles.
Wuhan General Group, Inc. (OTC PINK: WUHN) has appointed Dr. Riyad Domingo as Chief Innovation Officer, effective immediately. Dr. Domingo holds a PhD in Medical Biochemistry and is known for founding a prominent medical device company. He brings extensive experience in healthcare innovation and partnerships with multinational firms. His role will focus on advancing product innovation, particularly in FDA Breakthrough Therapy status alkaloids. Dr. Domingo expressed enthusiasm for tackling mental health challenges post-COVID and aims to enhance drug discovery in psilocybin and related compounds.
Wuhan General Group, Inc. (OTC Pink: WUHN) has announced the launch of the Dr AnnaRx CBD and CBN product line, featuring four unique formulations: CBD Energy, CBD Immunity, CBD Calm, and CBD and CBN Sleep. Developed by M2Bio Sciences, these products aim to enhance consumer health through natural ingredients. The company is focused on advancing cannabinoid and psilocybin medical research, targeting therapies for mental illness and addiction. This product launch signifies a step forward in their commitment to botanical-based medicine.
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