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Forum - Wall Street Pit (Happiness Biotech Group - HAPP)    Stock Due Diligence for All

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From: SunTzu772 (Rep: 1314)Date: 02/26/2020 12:51
Forum: Wall Street Pit - Msg #2818345 - List HAPP msgs Thread #674125686 (Rec: 5)
4.80 they'll figure it out soon..Disinfectant Companies Rising to New High Amid Virus Outbreak
Waiting on Feb sales data .83 eps

COVID-19 (Coronavirus) survives on surfaces up to 9 days..this should click soon perhaps after February data # release.

ANPING, China, Feb. 25, 2020 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" orNasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer, announced today that the Company has officially entered into disinfectants industry. The first batch of 2 million bottles of 75% Alcohol Disinfectant were sold out on launch day. The shipment has begun this week.

The Company has obtained the Sanitation License of Disinfection Product Manufacturer ("Sanitation License") issued by Fujian Provincial Heath Commission, which gives the Company permissions to produce all types of disinfectants, including 75% Alcohol Disinfectant, 84 Disinfectant, and Hand Free Disinfectant, etc. Sanitation License imposes very high standards for the applicants, including the review of the production process, the quality assurance system, the test reports of the production environment and production water, etc. The application process usually takes at least a few months. Due to the outbreak of the Novel Coronavirus, the government has accelerated the application process and gave the Company the approval within 2 weeks.

"We are honored to shoulder the responsibilities to alleviate the supply shortage of epidemic prevention supplies such as disinfectants. Although we are a GMP certified company, we have upgraded and transformed our workshop and production procedures during the application process to meet all the requirements to be a qualified disinfectants manufacturer. We will do our best to produce as much as possible disinfectants products and nutritional products during the epidemic period, and contribute to the prevention and control of the Novel Coronavirus." said Mr. Xuezhu Wang, CEO of the Company.


Sales of Cordyceps Mycelia Products Surged over 100% in January

NANPING, China, Jan. 28, 2020 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" orNasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer, announced today that the sales of its Cordyceps mycelia products surged over 100% in January due to the outbreak of the Wuhan Coronavirus.

As of January 27, 2020, revenue from Cordyceps mycelia products has reached over RMB 8 million (approximately USD 1.2 million), 100% higher than December 2019 and 125% higher than November 2019.

Starting from the end of December 2019, China has seen massive outbreaks of the new coronavirus. The demand for products that targeting people with weak immune system has been stronger than ever. The Company obtained the approval for Cordyceps Mycelia Oral Liquid from the China Food and Drug Administration ("CFDA") back in 1997, being among one of the first companies to receive this approval. According to the results of clinical evaluation, Cordyceps Mycelia Oral Liquid regulates humoral and cellular immunity and improves phagocytosis of macrophages, thus improving body resistance and preventing disease. Such clinical evaluation results were approved by CFDA to be included in Cordyceps Mycelia Oral Liquid's product description.

"Since the outbreak of Wuhan coronavirus, the demand for our Cordyceps Mycelia Oral Liquid and other nutritional products has increased dramatically. As a public company and being aware of these demands, we feel it is our responsibility to contribute and respond to people's needs in a time when everyone is doing everything in their power to reduce the impact of this disease. We have requested that our employees continue manufacturing even amidst the Chinese New Year's celebrations. We anticipate the demand will continue to increase over the next several months before the coronavirus is fully under control. We are prepared to increase the production capacity at any moment, if necessary," said Mr. Xuezhu Wang, CEO of the Company.

------------------- "Opportunities multiply as they are seized" -- Sun Tzu circa 500 B.C. -------------------

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