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-0.074299634591961 -0.0255785627283801 -0.0255785627283801 -0.0377588306942753 -0.0864799025578562 -0.0898903775883069 -0.0864799025578562 -0.0864799025578562
Stock impact report

Shineco, Inc. to Launch Hemp Based Cosmeceutical Products in August

Shineco, Inc. (TYHT) 
Company Research Source: GlobeNewswire
BEIJING, July 25, 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 expects to launch hemp based cosmeceutical products on the Chinese market in August 2019 under its brand, LABEE. The Company entered into a strategic cooperation agreement (the “Agreement”) with Heilongjiang Harbin Beima Technology Development Co., Ltd.(“HBTD”) on July 19, 2019 for industrial hemp related research, production, and sales including cosmeceuticals, pharmaceuticals, health care products, etc. Previously, the company gained the exclusive use right of the hemp seed “M11” (the CBD of which can reach 2.97%) through the Institute of Bast Fiber Crops, Chinese Academy of Agricultural Science. The company also jointly developed CBD processing and extraction equipment Show less Read more
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