On November 4, 2020, Yunnan Hempmon Pharmaceuticals Co., Ltd. (hereinafter referred to as “Hempmon CZ”) obtained the hemp planting permit in scientific research in Yunnan Province issued by the Public Security Bureau of Yunnan Province. The issuance can help broaden the company’s industrial chain of hemp extraction, further promote the research, cultivation and processing of hemp, and increase the sources of hemp biomass in the later stage.

Before that, Hempmon CZ has successfully obtained the hemp planting permit to grow Yunnan Hemp No.7 issued by Anti-Drug Brigade of Public Security Bureau of Xundian Hui and Yi Autonomous County, Yunnan Province. The Hempmon CZ hemp project is proceeding as planned, which is expected to be put into trial production in this year according to the management regulations related to hemp industry in Yunnan Province.