Recently, LUXIN HEMP GROUP INC., a wholly-owned sub-subsidiary of Shunho Stock in USA has received the Business Permit from Pasadena, California, USA. According to the provisions of the US legal policy system, after obtaining the Permit, LUXIN HEMP GROUP may carry out the businesses involving processing and manufacturing of industrial hemp in Pasadena, USA, and sell its products in USA and other legal countries and regions all over the world.
LUXIN HEMP GROUP was an important strategic move made by Shunho Stock in accordance with the needs of its strategic development and market layout. It was announced on March 20 that it was established and it was a wholly-owned subsidiary of LVXIN PACKAGING RESOURCES HOLDINGS CO., LIMITED, is wholly-owned subsidy of Shunho Stock.
This time, the wholly-owned U.S. sub-subsidy has obtained the Business Permit for Processing and Manufacturing Industrial Hemp in Pasadena and the global legal sales license, which is the key for Shunho Stock to win overseas expansion of its industrial hemp business. According to the layout of Shunho Stock in industrial hemp industry chain, LUXIN HEMP GROUP will carry out the production and manufacturing of cannabisdiol (CBD) series derivatives in industrial hemp. At the same time, it will strengthen the cooperation with overseas institution of higher education and scientific research institutions in carrying out the research and application of cannabidiol (CBD) from industrial hemp in the fields including medical treatment, health care products and food, as well as the research and development of relevant products.
