- In MoneyTV interview, Warren Wang, CEO of CIIX, says that the plan is to spin off cannabis line next year, adding that the goal is for CIIX shares to grow from $0.50 to $5.00 in three to five years
- CIIX’s CBD division to include CBD Biotechnology Co. Ltd., Hemp Logic, Inc. and ChineseHempOil.com, Inc.
- After the spinoff of CBD assets, CIIX will return to its roots in consulting, brand building and education for the Chinese-speaking community in the U.S. and international markets
ChineseInvestors.com, Inc. (OTCQB: CIIX) subsidiary ChineseHempOil.com, Inc. is growing the strategic retail placement of its CBD-related products and conducted a seminar on August 18 at its San Gabriel, California, Chinese Wellness Center (http://ibn.fm/1iv1M).
Amin Wang, a Chinese medicine practitioner, conducted the event. Nina Wang, general manager of ChineseHempOil.com, Inc., noted that this was the fourth in a series of special educational presentations this year focused on the company’s hemp-based products. The seminar was titled ‘The Health Benefits of Hemp Oil’.
The hemp oil line is already in more than 70 retail locations in Los Angeles. CIIX’s strategy is to sell that line’s products to retailers in Northern California, then spin off the hemp oil division (http://ibn.fm/LZy2K).
Warren Wang, CEO of CIIX, in a MoneyTV interview (http://ibn.fm/tznGm), said, “Our goal is try to become the Chinese CVSI (CV Sciences, Inc.),” a company he termed the leader in the CBD industry. “We will try to maximize our revenues. My biggest dream as CEO of a publicly traded company is to maximize shareholders’ value. So, my goal is (for the stock) to go from $0.50 to $5.00 within three to five years.”
Next year, Wang added, he hopes the subsidiary can double its revenues and meet the qualifications for listing on the Nasdaq or NYSE.
CIIX plans to return to its core business in financial consulting and branding. CIIX has a history of success as a diverse firm with multiple focuses. The San Gabriel, California-based company offers a suite of services and educational courses for its audience of Chinese-speaking cryptocurrency investors.
For more information, visit the company’s website at www.ChineseInvestors.com
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