Genius Group, Nuanu sign $14M share purchase, joint venture agreement

Genius Group (GNS) announced the signing of a Share Purchase and Joint Venture Agreement with Nuanu Creative City at a combined $14M valuation, launching Genius City in Bali. The Company’s ‘Genius City’ model is designed as a post-Singularity learning community based on the ‘ABC’s of the future: AI, Bitcoin, and Community. The City model operates as a lifelong learning community centred around schools, camps and accelerators spanning early learning, primary, secondary, tertiary and adult learning, focused on learning the ABCs of the future, with full facilities for long and short term residents, and an annual calendar of festivals, summits, retreats and workshops. Nuanu Creative City, is a 44-hectare creative city in Bali, envisioned to become the creative epicenter of Southeast Asia. Inside Nuanu, there are 30+ projects, all interconnected with its five pillars: education, art & culture, nature, health & wellness, and living & lifestyle. Attracting over 4,000 visitors on daily basis, Nuanu attracts changemaker, creators, and artists. Nuanu City’s growing number of iconic landmarks currently include Aurora Park, the first outdoor multimedia park in Bali that integrates AI with nature, Luna Beach Club, OSHOM hotel, the ‘Earth Sentinels’ Statue by Daniel Popper, the Luna Statue by Ukrainian artist, Alexander Milov, and THK Tower by French architect Arthur Mamou-Mani. Genius Group has entered two binding agreements with Nuanu to develop its Genius City model at Nuanu Creative City. Both agreements have board approval, and are subject to final closing: Managing partnership of ProEd Education, with 51% ownership of Nuanu’s early learning, primary and middle schools. The Company will become majority owner of the schools and work with the current management and faculty to integrate the Company’s Genius School model and Genius Apprentice program with ProEd’s current curriculum, and extend the education provided at Genius City to high school, college and adult learning. Managing partnership of Genius City, with 51% ownership of Nuanu’s co-working, corporate retreat and entrepreneur community. The Company will become majority owner of the integrated living district with an initial 100 keys, together with co-working cafe, conference space and facilities for accelerators, retreats and workshops. The company intends to make Genius City the first Bitcoin-based, tokenized community in Asia. The Company is investing $7.1M for 51% ownership of both entities, at a combined valuation of $14M, and has committed to raise additional funding for development costs. The Company anticipates annual revenue from the two projects to exceed $20M, and annual profit from the two projects to reach $6M within four years. The Company also aims for the Genius City to serve as a prototype for the growth of its Genius City model in other countries around the world.