- Strategy is to expand its product line, leverage VitaMist’s branding and longevity, and utilize the company’s spray technology for a delivery system as a future for CBD consumption
- The LOI is with BCDBG, Inc., parent of VistaMist, for sales by CIIX to the global Asian market; the agreement would give CIIX rights to sell the brand’s organic vitamin spray line
- Under the agreement, BCDBG would also develop an exclusive and proprietary product line for CIIX that will include vitamin sprays and vitamins/CBD spray combinations
ChineseInvestors.com, Inc.’s (OTCQB: CIIX) LOI with BCDBG, Inc. for the global Asian community sales rights to organic VitaMist is not only expected to expand its consumer division; it also calls for development of an exclusive line giving CIIX vitamin spray as well as a vitamin/CBD spray technology. The result would be the growth of CBD products internationally for CIIX (http://nnw.fm/O4izc).
The timing of the LOI is seen as critical, CIIX said, because industry leaders believe that the final farm bill, and its provisions for the legalization of industrial hemp at the federal level, could be reached by…
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