Premier provider of financial news and education for the Chinese-speaking community ChineseInvestors.com (OTCQB: CIIX) today released its financial and operational summary for the third quarter of its fiscal year 2019. Among the highlights, the update reported an 81 percent increase in total revenue for Q3FY2019 of $1,444,822, up from $796,304, as well as a 579 percent increase in hemp and CBD sales revenues and 6 percent increase in subscription revenues, all up from the same quarter in the prior year. “This has been an extremely eventful quarter for us, demonstrated by the successful product launches and initiatives that we have taken to consolidate branding and provide ease and accessibility for our consumers,” CIIX CEO Warren Wang said in the news release. “Our financial performance and highlights for the quarter are a testament to the popularity and demand for our CBD and hemp products. As a result, we continue to make significant progress in our business through our investments intended to grow the platform for our consumer product lines. Leading the sales for CBD and hemp products, the Company’s wholly owned foreign entity, CBD Biotechnology Co. Ltd. (“CBD Biotech”), was recently a featured exhibitor at the Vietnam Expo, and introduced our self-branded hemp-infused skincare line and hemp wine, which resulted in an overwhelming reception when our exhibitor inventory sold out within the hour. We have successfully become a key player in the Chinese markets, which is why we are confident the year ahead will be fruitful as we continue expanding our brand recognition for our industrial hemp products beyond China and throughout southeast Asia with the help of our recently appointed CBD Biotech CFO, Alex Hamilton.”
To view the full press release, visit http://nnw.fm/xT3T5
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-related products. For more information, visit the company’s website at www.ChineseInvestors.com.
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