Gulf State billionaires and now the Chinese are digging deeper into the Canadian hashish market.

Who ? What? are the Wuhan General Group

Seeking Alpha has probably the most primary of details about the Lesotho deal(see beneath)

What we’re making an attempt to grasp why a Canadian firm would name itself the Wuhan General Group (pandemic or no pandemic),  their web site doesn’t point out mainland China traders however the identify would suggest that Chinese possession of 1 kind or one other is the case. Their head workplace is situated at 6500 Transcanada hwy Suite 400 Pointe-Claire, QC H9R 0A5 Canada in accordance with their website

Press launch info and prior offers recommend a powerful Canadian / South African connection which makes good sense for this Lesotho deal however we’d nonetheless prefer to know extra in regards to the “Wuhan” angle.

Did they simply assume it was a cool identify?

Looking at their press release page we see releases from..

  • Toronto
  • Calgary
  • Montreal
  • Barcelona
  • Los Angeles
  • Cape Town

 

Then this single one that claims……

Press Release | 06/06/2019 WUHAN CLOSES ACQUISITION OF BIODELTA NUTRACEUTICALS ASSET
Wuhan General Group (China), Inc. (OTC PINK: WUHN) (the “Company” and “Wuhan”), is happy to announce the closing of our beforehand introduced Letter of Intent to amass 49% of Biodelta Nutraceuticals, Ltd. belongings which incorporates the land, the buildings, and the infrastructure in addition to the specialised greenhouse and drying ovens…

 

Read on to study extra in regards to the numerous arms of this firm that  seems to be a China capital gear manufactuer and funding entity that has determined over the previous couple of years to now place cash into medical hashish and psy analysis in Canada, South Africa, Lesotho and probably Spain?

 

What we don’t know and are but to seek out out …….

  • How a lot funding comes from the Canadian markets ?
  • What if any funding is popping out of mainland China?
  • If there’s funding from mainland China.. are these traders linked to Wuhan General Group China Inc?
  • Do now we have any names for the board of administrators of Wuhan General Group China Inc?
  • Who will management the Lesotho deal. The Canadian entity or the China entity?

Then, there’s politics.

Canada is at present floor zero for the Chinese authorities’s battle with the “west” over Huawei 5G.

Only probably the most naive amongst us will consider that Beijing geo-politics doesn’t have an effect on enterprise relationships in nations concerned in a fracas with the all highly effective Chinese communist celebration.

The query to ask oneself is what makes Wuhan General Group China Inc any completely different from all different Chinese corporations working abroad?

The easy reality is; if Beijing says bounce, withdraw, cease, begin, disengage and so forth. Chinese corporations haven’t any alternative however to obey handed down directions or endure the results

Over at Reuters we study a little bit extra in regards to the group

About Wuhan General Group China Inc.
Wuhan General Group (China) Co., Ltd. is a China-based holding firm. The Company operates by means of its subsidiaries, Wuhan Blower Co., Ltd., which is engaged in power technology within the area; Wuhan Generating Equipment Co., Ltd.; Wuhan Xin Green Environmental Protection Equipment Manufacturing Co., Ltd., which is concentrated on numerical management machine instruments, followers and energy plant auxiliary merchandise within the area of producing. The Company, by means of its subsidiaries, additionally manufactures followers and energy technology gear, and energy plant auxiliary merchandise. The Company can be a provider of CNC machine software gear. Its focus is on gear manufacturing, environmental safety and new power fields.

INDUSTRY: Misc. Capital Goods
CONTACT INFO: 6500 Rte Transcanadienne Suite 400
POINTE-CLAIRE, QC H9R 0A5
Canada. +1.514.9287368

EXECUTIVE LEADERSHIP
Jeffrey Robinson – Chief Executive Officer
Luka Marjanovic – Director of Human Resources and Communications
Selah Abrams – Director of Corporate Strategic Partnerships
Rameez Adair- Director of Social Media
Ramy Kamaneh – Consultant

https://www.reuters.com/companies/WUHN.PK

Bloomberg present element on the China finish of the corporate

Wuhan General Group China Inc. manufactures industrial blowers and industrial steam and water generators.

SECTOR Industrials

INDUSTRY Electrical Equipment

SUB-INDUSTRY Comml & Res Bldg Equip & Sys

FOUNDED 09/12/2006

ADDRESS Canglongdao Science Park Wuhan East Lake Wuhan, 430200 China

PHONE 86-27-5970-0069

NO. OF EMPLOYEES 700

WEBSITE www.wuhangeneral.com

The China web site doesn’t engender confidence

At Linked In

Wuhan General Group, Inc. by means of its wholly-owned subsidiary MJ MedTech is a nutraceutical biotechnology firm that researches, develops and commercialises a spread of CBD-based merchandise underneath the Dr. AnnaRx™ and Medspresso™ manufacturers. In addition, its new wholly-owned division, M2Bio is researching and growing indications for psilocybin new therapies that can assist sufferers that suffer from psychological sickness, Alzheimer’s and Parkinson’s.

PRESS Release

Wuhan General to amass Africa’s medicinal hashish firm

CBD-focused Wuhan General Group (OTCPK:WUHNagrees to pursue the acquisition of Africa’s private company Tsime Pharmaceuticals and Medicinal Supplies, driving analysis and manufacturing of CBD by-products.

Tsime will change into the subsidiary of Wuhan’s MJ Medtech.

Tsime’s license that covers 32 hectares farm with three hectares of medicinal grade hashish grants the flexibility to domesticate, extract and course of medicinal hashish. It additionally gives the authority to promote the commodity for medicinal, scientific and some other authorized objective.

Located within the Kingdom of Lesotho in Southern Africa, Tsime enjoys the professional hashish authorities with a low regulatory burden.

“We plan to expand our relationship considerably in the coming months with Willem and Medigrow Africa,” mentioned Wuhan CEO Jeff Robinson.

Transaction is anticipated to shut inside 90 days.

https://seekingalpha.com/news/3592266-wuhan-general-to-acquire-africas-medicinal-cannabis-company

Learn extra in regards to the firm  by clicking on the picture. They seem like shifting into the Psy house as properly and discuss like most corporations in hashish about making inroads into international markets with their CBD and we presume future Psy merchandise.

Here’s some blurb..

Wuhan General Group is a Nevada state public incorporation buying and selling on the Over The Counter Bulletin Board of NASDAQ underneath the buying and selling image “WUHN”.

The Company is at present positioning itself to change into a serious participant within the 146.four billion {dollars} rising medical CBD (cannabidiol) house in addition to the promising psilocybin medical well being sector. Our mission is to advance botanical-based medication to the forefront by deploying finest follow science and medication, scientific analysis and rising applied sciences. has entered CBD by-product market.

Wuhan General Group by means of its wholly-owned subsidiary MJ MedTech, a nutraceutical firm that researches, develops and commercializes a spread of CBD-based merchandise is launching of its premium CBD product strains which incorporates the CBD cosmetics line and the CBD espresso line in pharmacies, comfort shops and lodges throughout South Africa. The merchandise are branded underneath the logos: DrAnnaRx™ and Medspresso™ respectively.

In addition, its new division, M2BIO goals to discover and develop further indications for psilocybin new therapies that can assist sufferers that suffer from psychological sickness. Wuhan has been researching a number of medicinal mushroom sorts so as to formulate its upcoming vary of cosmetics, espresso, and teas for commercialization in early Q1 of 2020 inside its M2Bio division.

The Company, with its a number of partnerships with Cape Town-based producer and merchandiser of premium well being merchandise to all pharmacy & well being store chains throughout South Africa, might be launch Dr. AnnaRx and Medspresso merchandise and distribute in 1000 shops and pharmacies in South Africa and adjoining nations. Our subsequent section is to go worldwide: US, Canada, and Europe.

 

19 July 2020

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