Company Initiates Share Repurchases Under $15 Million Buyback Program
, /PRNewswire/ — Nisun International Enterprise Development Group Co., Ltd. (“Nisun International” or the “Company”) (Nasdaq: NISN), a technology and industry driven integrated supply chain solutions provider, has signed a strategic cooperation agreement with Beijing Tong Ren Tang Henan Traditional Chinese Medicine Technology Development Co., Ltd., marking its entrance into the traditional Chinese medicine (TCM) supply chain. The partnership focuses on sourcing Cornus officinalis (Chinese dogwood), a vital ingredient in TCM.
This cooperation highlights Nisun’s commitment to entering the TCM industry, which emphasizes stringent verification and validation of ingredients to ensure authenticity and quality. The partnership opens new doors for Nisun to expand into the rapidly growing health sector, leveraging its supply chain capabilities. TCM remains a pillar of China’shealthcare system, and the partnership provides Nisun an opportunity to capitalize on the increasing demand for verified health products. Looking ahead, Nisun plans to broaden its sourcing efforts to include …