Established financial news and investment portal for the
global Chinese-speaking community ChineseInvestors.com (OTCQB: CIIX) today announced its
financial and operational summary for the first quarter of its fiscal year
2020. According to the update, total revenue for Q1FY2020 was $1,956,960, which
is a 174.7% increase from $712,360 for the same quarter in the prior year. In
addition, hemp and CBD sales revenues for Q1FY2020 were $948,751, a 569.2%
increase from $141,764 for the same quarter in the prior year. “Fiscal Year
2020 is off to a great start evidenced by continued growth in both the
company’s core business and its industrial hemp/CBD product business,” CIIX CEO
Warren Wang said in the news release. “Following the 2018 cryptocurrency crash,
the company re-focused on its core business, including providing investor
relations services for other companies, especially those requiring Mandarin
language support, and continued to implement its strategic plans for expansion
of CBD Biotechnology Co. Ltd.’s, industrial hemp/CBD product lines in China
evidenced by new product launches and initiatives taken to expand
geographically in the Asian market.”
To view the full press release, visit http://ibn.fm/CK5HI
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
and wellness 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
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