- Attributes
majority of increase to consumer product sales through wholly owned
subsidiaries
- Hemp
oil and liquor product sales increased by 28,859 percent
- Cryptocurrency
revenue increase of 1,062 percent
- Plans
to expand CBD products beyond China and Los Angeles and throughout the
U.S., Canada and Asia
In a recent press release (http://ibn.fm/A1gyt), ChineseInvestors.com, Inc. (OTCQB:
CIIX), the premier financial information website for Chinese-speaking
investors, reported a 41 percent year-over-year increase in revenues for the
2018 fiscal year. The company attributes the majority of this increase to
consumer product sales through its wholly owned subsidiaries,
ChineseHempOil.com Inc. and CBD Biotechnology Co., Ltd.
According to Warren Wang, CEO of ChineseInvestors.com, the
significant growth in revenue is largely attributed to CIIX’s consumer product
line and strategic focus on CBD hemp sales in China. Hemp oil and liquor
products have increased the company’s consumer product sales by 28,859 percent.
At the close of the 2017 fiscal year, consumer product sales were at $1,308. At
the close of the 2018 fiscal year, sales were at $377,719.
While strategically focusing on CBD hemp sales, CIIX also
expanded subscription services and educational offerings to cover the
cryptocurrency market. The company has plans to establish a cryptocurrency ATM
network and a domestic online coin-to-coin exchange for Chinese cryptocurrency
investors. In a news release, Wang stated, “While our subscription revenues
decreased slightly in FY 2018, we have been developing opportunities around new
services and educational products which we have seen gain tremendous traction.”
In fact, the company’s cryptocurrency lines have seen a revenue increase of
1,062 percent in the last year. At the close of the 2017 fiscal year,
cryptocurrency revenue was at $19,453 compared to the current 2018 fiscal year
total of $206,648.
Wang continues, “Looking forward, with our consumer products
segment posting strong revenues and the regulatory climate appearing to lean in
favor of legalizing hemp as an agricultural commodity, we intend to continue to
expand our consumer division by dedicating more resources to marketing
hemp-based CBD products both domestically and in China. At the same time,
we will continue to offer our core financial subscription services with a focus
on increasing subscription revenues through targeted marketing of the Company’s
new cryptocurrency subscription services and educational products.” CIIX’s
operations for its fiscal year ended May 31, 2018, can be found in the annual
report on Form 10-K, as filed with the SEC on August 29, 2018 (http://ibn.fm/3TscG).
As the company looks to the future, Wang projects a long
term $10-$20 million future market cap for ChineseHempOil.com, Inc. There are
plans to expand CBD products beyond China and Los Angeles and throughout the U.S.,
Canada and Asia (http://ibn.fm/HGbQt).
Wang is hopeful that the spinoff of CIIX’s CBD subsidiary, ChineseHempOil.com,
Inc., will be completed by the end of the year. Following the spinoff, CIIX
plans to refocus on its original mission of providing financial information and
services to the global Chinese-speaking community.
For more information, visit the company’s website at www.ChineseInvestors.com
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