, Inc. (CIIX) Enters Agreement with Tmall, Reports Impressive Financial Numbers

October 24, 2018 10:02:16
  • reports a total year-over-year revenue increase of 70 percent for the first fiscal quarter of 2019
  • The company’s current assets have nearly doubled, and its share price touched $0.90 per share as of October 17, 2018
  • The agreement entered between CBD Biotechnology Co. Ltd. and Tmall is likely to boost industrial hemp CBD sales
  • With products on Tmall, CBD Biotechnology Co. Ltd is positioned to cash in on Double 11 and Double 12 shopping festivals, Inc. (OTCQB: CIIX) recorded impressive first quarter financial results for its fiscal year 2019. Its total revenue, comprising product sales revenue and subscription revenue, is on the uptrend.

According to Chief Executive Officer Warren Wang, cannabidiol (CBD) hemp sales in China are a major contributor to the growth in the product revenue. On the subscription services front, the company recorded a revenue increase of close to 100 percent. The steady revenues are…

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