Wuhan Expands Capacity to Produce Medicinal Marijuana and Mushrooms
WUHAN GENERAL GROUP INC (WUHN)
US:NASDAQ Investor Relations:
quicktake.morningstar.com/stocknet/secdocuments.aspx?symbol=wuhn
Company Research
Source: GlobeNewswire
BARCELONA, Spain, May 17, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Wuhan General Group (China), Inc. (OTC: WUHN) (the "Company" and "Wuhan"), is thrilled to announce the signing of a very remarkable Letter of Intent (LOI) with Biodelta. The LOI calls for the purchase by Wuhan of 49% of the land, buildings, and infrastructure including the specialized greenhouse and drying ovens. A full agreement between the parties is expected to be reached in 45 days. More details will be made available after the signing of the full agreement. The assets to be acquired include but are not limited to: 1.3 million square feet of cultivation space of which 300,000 square feet is turnkey and ready to go as necessary permits are approved and issued. The additional 1,000,000 sq ft. will be built out and readied for early 2021.Specialized processing factory ISO 220008 Industrial GMP compliant dryersWater rights "When we visited Biodelta in South Africa last month and saw first-hand the opportunity
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