Shineco, Inc. Announces Update on its Strategic Cooperation with Regional People’s Government for Industrial Hemp Industrialization
Shineco, Inc. (TYHT)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/shineco-inc-retains-ascent-investor-relations-llc-300455575.html
Company Research
Source: GlobeNewswire
BEIJING, May 08, 2019 (GLOBE NEWSWIRE) -- Shineco, Inc. ("Shineco" or the "Company"; NASDAQ: TYHT), a producer and distributor of Chinese herbal medicines, organic agricultural produce, specialized textiles, and various health and well-being focused plant-based products in China, announced today that the Company has completed seeding its industrial hemp seeding base in Heilongjiang Province following the strategic cooperation agreement (the “Agreement”) with the Xingshan People's Government of Hegang City of Heilongjiang Province (the “Government”) for industrial hemp industrialization agreed to by the two parties in April 2019. Pursuant to the Agreement, both parties agree to actively promote the development of the industrial hemp industry including industrial hemp planting, R&D and finished product construction to form a local industry network and to achieve a new industrial scale economy. According to the Agreement, both parties plan to develop a 20,000 mu to 30,000 mu (approx
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