ChineseInvestors.com (OTCQB: CIIX), developer of a proprietary financial news media and content platform providing information to the global Chinese-speaking community, this morning announced its financial and operational summary for the second quarter of fiscal year 2019. According to the update, revenues of $648,265 for the period were driven by stronger subscription and hemp/CBD sales revenues. The hemp and CBD sales segment achieved an increase of eight times the amount of the previous year while subscription revenues saw a year-over-year increase of over 40 percent. “We are beginning to see the positive results of investments made into existing markets as well as new markets,” CIIX CEO Warren Wang commented in the news release. “We believe our investors will benefit from the growth drivers that we have worked diligently to implement, including the recent launch of CBD Biotechnology Co. Ltd.’s Hemp Wine. As we leverage the momentum already in place, we look forward to having an even stronger second half for FY 2019.”
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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 relation related support services; and (c) retail, online and direct sales of hemp-based products and other health related products. For more information, visit the company’s website at www.ChineseInvestors.com.
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