Wuhan Signs Letter of Intent to Acquire MJ MedTech

Wuhan General Group (China), Inc. (OTC PINK: WUHNtoday announced the acquisition of MJ MedTech Inc. This is a huge announcement for Wuhan General as it marks their entry into the U.S., Canadian and European markets for medical cannabidiol (CBD) products.

The announcement follows a recent report from cannabis industry analysts The Brightfield Group. For years, experts have predicted that if the cannabis industry expands at its current rate, the American market will reach $20 billion by 2020. The new report shows how the CBD market is spinning off into a mega industry of its own and is expected to reach $22 billion by 2022.

“Signing this LOI is another key strategic step forward for Wuhan, and we are excited by the prospect of entering this marketplace that is still in its very early days. By establishing a presence in the U.S., Canada and Europe, we anticipate the potential for huge growth and to build sustainable long-term shareholder value,” said Ramy Kamaneh, CEO of Wuhan.

Wuhan is making a big move into an emerging market at an opportune moment. We have seen a flood of optimistic comments from shareholders since the announcement. One only needs to watch current trends to understand the potential rewards for those who are brave enough to get into the medical marijuana and CBD markets early.

We can’t state enough how big of a move this is for Wuhan General Group. We recommend getting in early and staying long!!

The IBR Team

Full Press Release: Wuhan Signs Letter of Intent to Acquire MJ MedTech

 

Luka Marjanovic

Partner

Luka holds a Bachelor’s in International Business and a Master’s in International Management. During his undergraduate studies he worked as a research assistant in the field of Big Data; founded his own consulting firm providing services to local SME's in various sectors and invested in the capital markets; as well as working pro-bono providing education and career counselling. Prior to his business education, he studied Biology-and-Biotechnology, and served in the Danish Royal Army as Second Sergeant, leading and managing a group under extreme conditions and pressure. Luka has spent significant time abroad, living and working in seven different countries. When he's not in the office, he's chasing the next gusts windsurfing, carving the mountain snowboarding or out in the forest for a jog.

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