Premier provider of financial news and education for the
Chinese-speaking community ChineseInvestors.com (OTCQB: CIIX)today released its
financial and operational summary for the third quarter of its fiscal year
2019. Among the highlights, the update reported an 81 percent increase in total
revenue for Q3FY2019 of $1,444,822, up from $796,304, as well as a 579 percent
increase in hemp and CBD sales revenues and 6 percent increase in subscription
revenues, all up from the same quarter in the prior year. “This has been an
extremely eventful quarter for us, demonstrated by the successful product
launches and initiatives that we have taken to consolidate branding and provide
ease and accessibility for our consumers,” CIIX CEO Warren Wang said in the
news release. “Our financial performance and highlights for the quarter are a
testament to the popularity and demand for our CBD and hemp products. As
a result, we continue to make significant progress in our business through our
investments intended to grow the platform for our consumer product lines.
Leading the sales for CBD and hemp products, the Company’s wholly owned foreign
entity, CBD Biotechnology Co. Ltd. (“CBD Biotech”), was recently a featured
exhibitor at the Vietnam Expo, and introduced our self-branded hemp-infused
skincare line and hemp wine, which resulted in an overwhelming reception when
our exhibitor inventory sold out within the hour. We have successfully become a
key player in the Chinese markets, which is why we are confident the year ahead
will be fruitful as we continue expanding our brand recognition for our
industrial hemp products beyond China and throughout southeast Asia with the help
of our recently appointed CBD Biotech CFO, Alex Hamilton.”
To view the full press release, visit http://ibn.fm/GQRZg
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 relations-related support services;
and (c) retail, online and direct sales of hemp-based products and other
health-related products. For more information, visit the company’s website
at www.ChineseInvestors.com.
NOTE TO INVESTORS: The latest news and updates relating
to CIIX are available in the company’s newsroom at http://ibn.fm/CIIX
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment