The long anticipated harvesting season for industrial hemp has finally arrived. Our high-profile industrial hemp segment has grown from a concept into reality.
Yunnan Luxin Biological Pharmaceutical Co., Ltd. sowed Yunma #7 hemp in spring this year. Hundreds of acres of industrial hemp grew vigorously and luxuriantly over the last few months, resulting mature hemp crops 2-3 meters in height, with thick stems and unique shapes. The blossoms of industrial hemp blended in swaying leave bring an indescribable yet gratifying view. The crops have been reaped as scheduled and will be stored after harvest. The industrial hemp blossoms and leaves have excellent shelf-lives; they may be stored for up to 3 years under optimal conditions. The Company will simultaneously move steadily forward to the relevant commercial applications according to its strategic plan. Currently, the Company has made impressive progresses in pursuit for various industrial hemp-related invention patents. In addition, the industrial hemp processing facility is also under construction.
Industrial hemp harvesting site of Yunnan Luxin
Various large companies in traditional industries have been investing real effort in exploring opportunities in the industrial hemp segment. Our government has always been careful about regulations regarding cultivation and processing of industrial hemp. To date, cultivation and processing are only permitted in Yunnan Province and Heilongjiang Provinces.
With the aid of regional operating advantages earned by the Shunho Group over the years, the Company is taking active stance in expanding the cultivation and processing of industrial hemp.
Recognizing the enormous opportunities overseas, the Group has also made great efforts to promote the distribution of overseas business and founded LUXIN HEMP GROUP, a US subsidiary. At present, LUXIN HEMP GROUP has completed its registration and obtained the Business Permit issued by Pasadena municipal authority. In the future, LUXIN HEMP GROUP can carry out industrial hemp processing and manufacturing related businesses the States, selling products in both the United States and other countries and regions worldwide where hemp has been legalized.