MONTREAL, Jan. 22, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Wuhan General Group (China), Inc. (OTC PINK: WUHN) (the "Company" and "Wuhan"), announces today that the Company has successfully completed the acquisition of MJ MedTech, a nutraceutical biotechnology company that owns, develops and commercializes a range of CBD-based products under the International trademarked brand Dr. AnnaRx.
With the closing of the acquisition, Jeff Robinson will continue in his role as CEO and President of MJ MedTech, and will be joining the Board of Directors of Wuhan. Also, Dr. Anna Leralta will be appointed Secretary and Treasurer of Wuhan, and will be joining the Board of Directors of Wuhan as well. The reorganization will take place in the coming days as we go through the transition.
"I'm very pleased and excited to have completed the MJ MedTech acquisition, as it represents a significant opportunity to take part in the ever-expanding cannabis sector. At the center of this decision was the value creation we promised to our investors and shareholders, as well as the sustainable success of the Wuhan General Group as a company," said CEO Mr. Kamaneh. "I look forward to integrating both Jeff and Anna into the leadership team of Wuhan."
''Dr. Anna and I are both very eager to begin executing and delivering for Wuhan shareholders. We look forward to sharing our 2019 roadmap and milestones in the very near future," said Jeff Robinson.
About Wuhan General Group (China), Inc.
Wuhan General Group (China), Inc. through its wholly owned subsidiary MJ MedTech is a nutraceutical biotechnology company that owns, develops and commercializes a range of CBD-based products. At Wuhan, our mission is to advance CBD-based medicine to the forefront by deploying best practice science and medicine, clinical research and emerging technologies.
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Source: Wuhan General Group (China), Inc.