M2bio Sciences (Wuhan General Group) Announces $450,000 USD Private Placement by ThreeD Capital Inc.

Shares :


CAPE TOWN, SA / ACCESSWIRE / December 30, 2020 / WUHAN GENERAL GROUP, INC. (OTC PINK:WUHN) (“Wuhan” or the “Company”), a bioceutical company focused on alternative plant-based cannabinoids and psilocybin medical research is pleased to announce the following corporate update:

The Company is pleased to announce a private placement financing of $450,000.00 USD with ThreeD Capital Inc. In consideration, the Company will issue 1,500,000 units (the “Units”) at a price of $0.30 per Unit. Each Unit will consist of one (1) common share of the Corporation (a “Common Share”) and one Common Share purchase warrant (a “Warrant”) exercisable at $0.30 per Warrant. The Warrants will expire three (3) years from the date of issuance. At the option of the Company, the Company may force the Holder to exercise the Warrant at a price per share equal to $0.30, provided that (i) the average closing bid price of the Company’s Common Stock as reported by the OTC Bulletin board shall have been equal to or greater than $1.00 for a period of twenty (20) consecutive trading days ending on the date preceding the date on which the Holder receives a notice from the Company in which it announces its intention to force the exercise of the Warrants. The closing date for the Private Placement will be at the latest January 30, 2021.

“Enchanted to have Sheldon Inwentash and his company ThreeD Capital aboard as our first strategic investor. Much more to come on this very synergistic alliance in the coming weeks”

-said Jeff Robinson, CEO of Wuhan General Group.

About ThreeD Capital Inc.
ThreeD (IDK)(IDKFF), is a publiclytraded Canadianbased venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.

For further information:
Website: https://threedcapital.com
Follow us on Twitter: https://twitter.com/home
Follow us on LinkedIn: https://www.linkedin.com/feed/

Gerry Feldman, CPA, CA
Chief Financial Officer and Corporate Secretary: Feldman@threedcap.com
Phone: 4169418900 ext 106

About Wuhan General Group, Inc./ M2Bio Sciences, Inc
Wuhan General Group, Inc. (DBA M2bio Sciences), through its wholly-owned subsidiary MJ MedTech is a nutraceutical biotechnology company focused on alternative plant-based cannabinoids and psilocybin medical research that develops and commercializes a range of CBD and mushrooms-based products under Dr. AnnaRx, Medspresso and Handcrafted Delights brands. In addition, our research and clinical trials with psilocybin are aimed at new therapies that will help patients who suffer from alcohol addiction, mental illness and cardiovascular diseases. Our mission is to advance botanical-based medicine to the forefront by deploying best-practice science and medicine, clinical research and emerging technologies. The Company is traded on the Over-the-Counter Bulletin Board of NASDAQ under the trading symbol “WUHN”.

For further information:
Publicly traded company (OTC PINK:WUHN)
Website: www.m2bio.co
E-mail: info@m2bio.co
Follow us on Twitter: https://twitter.com/m2bio
Follow us on Facebook: http://www.facebook.com/m2bio

Sign up for MORE news updates !

This article is written and published by The Cannabis Stock

Disclaimer : The Cannabis Stock wants to promote the cannabis market with the best articles and news on the market. The Cannabis Stock does not recommend selling or buying any of the company mentioned and is not responsible for any losses that may result. The Cannabis Stock are engaged in the business of marketing and advertising companies

The Cannabis Stock and its employees may from time to time own shares of the companies named in the articles. All the facts reported by the cannabis stock are information that comes directly from the companies, from their website or on Sedar and are only published as information.

Click on a star to rate this article !

Average rating 5 / 5. Vote count: 1

No votes so far! Be the first to rate this post.

Shares :