ChineseInvestors.com Inc (OTCMKTS: CIIX) has been making some big moves in recent months; the Company announced it recently executed a letter of intent to acquire exclusive rights to all sales channels for the VitaMist product line (retail, online, MLM) in Asian markets domestically and internationally. As part of the proposed licensing agreement, BCDBG, Inc. will also develop an exclusive product line, for ChineseInvestors.com, Inc. designed with the global Asian Market in mind, including vitamin only sprays and vitamins/CBD spray combinations. In furtherance of the anticipated agreement, the Company has placed initial product orders with BCDBG, Inc. for VitaMist products. The timing of this agreement for licensing and product development is critical as some industry leaders believe that a final farm bill, including provisions for the legalization of industrial hemp at a federal level, is expected to reach completion this week or by the end of the year.
BCBDG, Inc. recently acquired VitaMist Ltd. and Mayor Pharmaceutical Laboratories, Inc., known for their development and distribution of spray delivery vitamins, with over 30 years in the industry and over three million individual product sales. VitaMist Ltd. was awarded the first patent ever for a spray vitamin in 1985.
ChineseInvestors.com Inc., 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, online and direct sales of hemp-based products and other health related products. CIIX operates chinesefn.com, a leading financial information website that provides real-time market commentary, analysis, and educational related services to Chinese-speaking investors. The Company went public on OTCQB in January 2012 under the symbol CIIX.
The Company registered XiBiDi Biotechnology Co. Ltd. “CBD Biotech” in Pudong Free-Trade Area in Shanghai, PRC as a wholly owned foreign enterprise (“WOFE”). CBD Biotech’s primary engages at online and retail sales of hemp-based health products and other complimentary products in PRC. The initial focus of CBD Biotech was the launch of XiBiDi Magic Hemp Series (“CBD Magic”), a cosmetics line which included three products.
The Company established ChineseHempOil.com, Inc. dba “Chinese Wellness Center” a Delaware corporation, as a subsidiary of the Company. ChineseHempoil.com, Inc. responsible for the development and operation of the online and retail sales of hemp-based health products in the United States.
CIIX operates a retail store called Chinese Wellness Center located in the predominantly Chinese community of San Gabriel, California, located next to the Company’s headquarters. In addition, ChineseInvestors.com, Inc. announced the release of its first hemp oil product line, OptHemp, a premium, private label oil, made from full-spectrum, Colorado grown, GMO-Free, hemp, manufactured using a CO2 Extraction process. which was then launched on Amazon.com in November 2017 via the Company’s partnership with a top 100 platinum-level-partner-sellers on Amazon Marketplace.
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CIIX reported it has $2.9 million in the treasury, $5.4 million in current assets, manageable debt and growing sales reporting $712,360 in sales for the 3 months ended August 31, 2018 up from $417,626 for the same period last year.
Earlier this year the Company launched CBD Magic Hemp Series, the Company’s first hemp-infused skincare line, and procured a wholesale online distribution agreement for Yantai 1985, a Chinese liquor. Domestically the Company launched OptHemp, the Company’s first premium, domestic, private-label hemp oil line. CIIX announced the opening of its new sales and support office in Richmond, British Columbia. The Company’s new office, located at 5811 Cooney Road, Suite 305, South Tower, Richmond, BC V6X3M1, is in the heart of Richmond’s busy financial district in the Pacific Business Centre, a prime location in close proximity to major Canadian banks, SkyTrain stations, shopping plazas, and the neighboring Service Canada Centre.
The CBD market is predicted to be worth $2.1 billion in consumer sales by 2020 with $450 million of those sales coming from hemp-based products. That’s a 700% increase from 2016. In 2017, Diamond CBD shattered all expectations and achieved revenues of over $14 million, underscoring its potential in the CBD market.
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Currently trading at a $21 million market valuation CIIX has $2.9 million in the treasury, $5.4 million in current assets, manageable debt and growing sales reporting $712,360 in sales for the 3 months ended August 31, 2018 up from $417,626 for the same period last year. CIIX currently has several exciting initiatives including chinesefn.com, a leading financial information website, a retail store called Chinese Wellness Center located in San Gabriel, California and they recently launched CBD Magic Hemp Series, the Company’s first hemp-infused skincare line into a booming CBD market that recently got a boost after reports Coca-Cola is monitoring the nascent industry and is interested in drinks infused with CBD. We will be updating on CIIX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CIIX.
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Disclosure: we hold no position in CIIX either long or short and we have not been compensated for this article.