Shineco announces strategic cooperation agreement with SRIHF to establish lab
Shineco announced that the company, through its wholly owned subsidiary Tenjove NewHemp, or TNB, entered into a strategic cooperation agreement with Heilongjiang Provincial Science Research Institute of Healthy Food, or SRIHF to establish a NewHemp food processing laboratory 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 mainly engaged in green food research and technological innovation, the development of new products, new equipment research and development and technical services. Pursuant to the agreement, both parties agree to jointly establish the lab to conduct R&D, talent training, research project application, as well as national-level related projects or projects applications. The lab is mainly engaged in the scientific research of seeds of industrial hemp and other edible foods derived from biotin extracts such as hemp seed beverage, cold pressed oil, candy, bread and nutritional powder, which includes the corresponding industrial hemp food formulas, processing research and development of technology and processing equipment.