Market analysis company ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning offered investors an update on its financial and business achievements for the fiscal third quarter ended February 28, 2017, as well as its outlook for the remainder of the current fiscal year and 2018. Among the highlights, the company reported significantly higher revenues for both the three- and nine-month periods ended February 28, 2017, as compared to the same periods of fiscal 2016, with operating revenues up 95 percent and 109 percent, respectively. Notably, CIIX has made significant progress toward expanding its presence in the rapidly-growing legal hemp industry in recent months, including the completion of a $5 million private placement, with proceeds to be allocated toward the development and branding of hemp-based health products, as well as the official launch of XiBiDi Biotechnology Co. Ltd., a wholly-owned foreign entity of CIIX based in the Pudong Free-Trade Area of Shanghai. “Development of a line of our hemp-based health products, for the most part, is complete and preparation of related websites, retail channels and marketing campaigns are entering the final stages as well,” Warren Wang, CEO of CIIX, noted in the news release. “The Company’s hemp-based health products are expected to be available in the North American markets in the coming weeks.”
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About ChineseInvestors.com
Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified); (b) advertising and public relation related support services; and (c) retail and online sales of hemp-based CBD health products via its new website: http://www.ChineseCBDoil.com
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