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Stock impact report

Shineco, Inc. Enters into Strategic Cooperation Agreement with Heilongjiang Provincial Science Research Institute of Healthy Food to Establish NewHemp Food Processing Laboratory

Shineco, Inc. (TYHT) 
Company Research Source: GlobeNewswire
BEIJING, May 14, 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, through its wholly owned subsidiary Tenjove NewHemp Biotech Co., Ltd. ("TNB"), entered into a strategic cooperation agreement (the “Agreement”) with Heilongjiang Provincial Science Research Institute of Healthy Food ("SRIHF") on May 8, 2019 to establish a NewHemp food processing laboratory (the “Lab”) to explore opportunities in the food industry. Approved by the provincial government, SRIHF was established in April 2013 by The Northeast Agricultural University by integrating resources from Heilongjiang Dairy Industry Technology Development Center, Heilongjiang Soybean Technology Development Research Center, and Heilongjiang Textile Industry Research Institute. SRIHF is ma Show less Read more
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