- Growth by acquisition will be a priority following IPO spin-off, according to CIIX CEO Warren Wang
- CIIX reported significant revenue growth, with hemp and CBD sales increasing by eight times year-over-year
- Industry trend may indicate more hemp or marijuana being sourced from Columbia, or Thailand and other Asian locations, moving forward
ChineseInvestors.com Inc. (OTCQB: CIIX) is currently planning an IPO of wholly owned foreign enterprise CBD Biotech, according to CEO Warren Wang. Wang said in a news release that the company hopes for a Nasdaq IPO of CBD Biotech late in FY2019 or early the following year. CIIX would then focus on identifying an acquisition target for further growth (http://nnw.fm/k1C1T).
Wang emphasized that the CBD IPO would be a priority, followed by the acquisition search. CIIX sees CBD Biotech delivering higher CBD product distribution in FY2019, both domestically and…
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