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://cnw.fm/b3oX3
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.
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