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Happiness Development Announces $6.7 Million Registered Direct Offering To Support Its Auto Business

Retrieved on: 
Friday, March 11, 2022

The Company intends to use the gross proceeds in the development of the Company's auto business under the brand of "Taochejun" and for working capital and general corporate purposes.

Key Points: 
  • The Company intends to use the gross proceeds in the development of the Company's auto business under the brand of "Taochejun" and for working capital and general corporate purposes.
  • This offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No.
  • Headquartered in Nanping, China, Happiness Development Group Limited currently has three business lines: nutraceutical and dietary supplements, e-commerce and automobile sales.
  • Our e-commerce business focuses on offering e-commerce solutions, including advertising and information technology services to small and medium-sized enterprises in China.

Happiness Development Group Limited Entered into Letter of Intent to Invest $6 Million in Kannaba Agritech Corp., A Global Cannabis Company

Retrieved on: 
Wednesday, March 9, 2022

According toa report by Prohibition Partners titled "The Global Cannabis Report, states that the legal global marketsize is expected to reach USD $102 billion by 2026."

Key Points: 
  • According toa report by Prohibition Partners titled "The Global Cannabis Report, states that the legal global marketsize is expected to reach USD $102 billion by 2026."
  • Kannaba expects to produce only the finest quality medical cannabis with both its outdoor and indoor cultivation facilities.
  • Kannaba is a global cannabis company holding international assets in the licensing, distribution, and cultivation of medical cannabis.
  • www.kannabacorp.com
    Headquartered in Nanping, China, Happiness Development Group Limited currently has three business lines: nutraceutical and dietary supplements, e-commerce and automobile sales.

Happiness Development to Acquire Hekangyuan, One of the Largest Healthcare Product Distributors in Fuzhou Area in China

Retrieved on: 
Monday, March 7, 2022

Hekangyuan believes thatit is one of largest healthcare product distributors in Fuzhou, China.

Key Points: 
  • Hekangyuan believes thatit is one of largest healthcare product distributors in Fuzhou, China.
  • "Hekangyuan has been known for its healthcare product distribution network in Fuzhou area and we have been in talk with them about the acquisition in the last several months.
  • We believe after the acquisition of Hekangyuan, we will further strengthen our leading position in the field of healthcare products in Northern Fujian.
  • Headquartered in Nanping, China, Happiness Development Group Limited currently has three business lines: nutraceutical and dietary supplements, e-commerce and automobile sales.

Happiness Development Announces $10 Million Private Placement to Support Its International Expansion

Retrieved on: 
Friday, January 21, 2022

"We are very grateful to these strategic investors for their supportto our international expansion, especially with a premium price.

Key Points: 
  • "We are very grateful to these strategic investors for their supportto our international expansion, especially with a premium price.
  • We look forward the expertise and resources in the international market these investors will bring to our Company.
  • We have successfully exported aboutUS$2 million of Lucidum products in 2021, which gives us great confidence to expandour international sales.
  • Headquartered in Nanping, China, Happiness Development Group Limited currently has three business lines: nutraceutical and dietary supplements, e-commerce and automobile sales.

Happiness Development Exported $1.2 million Lucidum Products

Retrieved on: 
Monday, December 6, 2021

"Since we registered the exportation of our lucidum and Cordyceps products in April 2020 with Customs of the People's Republic of China in Nanping City, we have been exploring the possibilities and opportunities to exportour products.

Key Points: 
  • "Since we registered the exportation of our lucidum and Cordyceps products in April 2020 with Customs of the People's Republic of China in Nanping City, we have been exploring the possibilities and opportunities to exportour products.
  • The first patch of lucidum products of approximately $0.8 million has been exported in August this year, and this time we have signed the agreements for the trading companies to export approximately $1.2 millionworth ofour lucidum products.
  • Our lucidum products has gradually gained recognition and has promising market potential in the overseas market.
  • Headquartered in Nanping, China, Happiness Development Group Limited currently has three business lines: nutraceutical and dietary supplements, e-commerce and automobile sales.

Happiness Development Reached Cooperation with Shanghai Automobile Trading Co., Ltd

Retrieved on: 
Monday, November 22, 2021

According to the agreement, Taochejun's subsidiary, Happiness Automobile Services (Nanping) Co., Ltd., will purchase 1300"MG HS", with a total consideration of approximately RMB104million (approximately $16.3million)from Shanghai Automobile Trading Co., Ltd,.

Key Points: 
  • According to the agreement, Taochejun's subsidiary, Happiness Automobile Services (Nanping) Co., Ltd., will purchase 1300"MG HS", with a total consideration of approximately RMB104million (approximately $16.3million)from Shanghai Automobile Trading Co., Ltd,.
  • Xuezhu Wang, CEO of the Company, commented, "We are very pleased to reach cooperation with Shanghai Automobile Trading Co., Ltd.In the past few months, Taochejun has reached cooperation with many auto tradinggroups and accumulated valuable experience.
  • In the future, we will continue our efforts to further expand our distribution network and strive to reach more cooperation with more large manufacturers and distributors."
  • Headquartered in Nanping, China, Happiness Development Group Limited currently has three business linesnutraceutical and dietary supplements, e-commerce and automobile sales.

Happiness Biotech Acquires Majority Ownership in Fujian Shennong

Retrieved on: 
Monday, October 25, 2021

NANPING, China, Oct. 25, 2021 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), a China-based company engaging in the business of production of nutraceutical and dietary supplements, providing e-commerce solutions, and the sales of automobile, today announced that it and its wholly owned-subsidiary, Fujian Happiness Biotech Co., Limited ("Happiness Fujian") have signed a share transfer agreement (the "Agreement") to acquire 70% of the equity interest in Fujian Shennong Jiagu Development Co., Ltd. ("Fujian Shennong") to further strengthen the Company's industrial integration.

Key Points: 
  • NANPING, China, Oct. 25, 2021 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), a China-based company engaging in the business of production of nutraceutical and dietary supplements, providing e-commerce solutions, and the sales of automobile, today announced that it and its wholly owned-subsidiary, Fujian Happiness Biotech Co., Limited ("Happiness Fujian") have signed a share transfer agreement (the "Agreement") to acquire 70% of the equity interest in Fujian Shennong Jiagu Development Co., Ltd. ("Fujian Shennong") to further strengthen the Company's industrial integration.
  • Pursuant to the terms of the Agreement, Happiness Biotech will issue 4.2 million shares to a certain equity owner of Fujian Shennong (the "Seller") and make a cash payment of RMB48 million (approximately $7.5 million) in exchange for the 70% equity of Fujian Shennong.
  • "We are very glad that we have finally entered into an agreement for the acquisition of the majority equity of Fujian Shennong.
  • We have had a lengthy negotiation with Fujian Shennong and after the in-depth due diligence and audit of Fujian Shennong, we are very impressed with Shennong's management and achievements in its trading and supply chain business.

Happiness Biotech Announced The Launch of Its Lucidum Tablets on DouYin Mall

Retrieved on: 
Friday, September 10, 2021

NANPING, China, Sept. 10, 2021 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer and e-commerce services provider, today announced one of its nutraceutical products - Lucidum Tablets, have been launched for sale on the DouYin Mall, a virtual mall built within a Douyin mini-program.

Key Points: 
  • NANPING, China, Sept. 10, 2021 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer and e-commerce services provider, today announced one of its nutraceutical products - Lucidum Tablets, have been launched for sale on the DouYin Mall, a virtual mall built within a Douyin mini-program.
  • Happiness was successfully and officially invited by DouYin Mall to open its store and its Lucidum Tablets is the first lucidum product to be sold on such e-commerce platform.
  • Lucidum Tablets is our first product launched in DouYin Mall.
  • Headquartered in Nanping, China, Happiness Biotech Group Limited currently has three business linesnutraceutical and dietary supplements, e-commerce and auto sales.

Happiness Biotech Announced Financial Results for Fiscal Year Ended March 31, 2021

Retrieved on: 
Monday, August 2, 2021

NANPING, China, Aug. 2, 2021 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer and e-commerce services provider, today announced its financial results for the fiscal year ended March 31, 2021.

Key Points: 
  • NANPING, China, Aug. 2, 2021 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer and e-commerce services provider, today announced its financial results for the fiscal year ended March 31, 2021.
  • Revenue increased $6,422,750 or 9.9% to $71,484,703 for the year ended March 31, 2021,as compared with $65,061,953 for the fiscal year ended March 31, 2020.
  • General and administrative expenses was $5,030,899 for the fiscal year ended March 31, 2021, representing an increase of $1,548,440 or 44.5%, compared with $3,482,459 for the fiscal year ended March 31, 2020.
  • Headquartered in Nanping, China, Happiness Biotech Group Limited has three business operations: nutraceutical and dietary supplements, e-commerce and automobile sales.