Chinese hemp company lands $75 million investment from pharma giant

Hemp Industry Daily reports..although we must note they do say…. “Hemp Industry Daily could not independently verify the report.”

China’s biotech and pharma giant Tasly Holding Group has announced a 500 million yuan ($75.6 million) investment into biotech company Puyuan Miaosheng Group’s industrial hemp subsidiary.

The investment will be used to develop Yunnan Maye Biotech’s operations in hemp farming, foods and beverages, pet food, new tobacco products and vaporizers, and biopharmaceutical products in five categories, HempToday reported on Thursday.

According to the report, the investment was announced at a ceremony last week on the grounds of the Kunming International Hemp Industrial Park, which is home to several hemp companies.

Source:

Report: Chinese hemp company lands $75 million investment from pharma giant

 

Hemp Industry Daily could not independently verify the report.

 

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