Market analysis company ChineseInvestors.com (OTCQB: CIIX) this morning released details of the stock dividends related to the company’s anticipated spinoff of its hemp-related assets including its China-based wholly owned foreign enterprise, CBD Biotechnology Co. Ltd. and its wholly owned United States subsidiaries, ChineseHempOil.com, Inc. and Hemp Logic, Inc. In January, the subsidiaries attained combined sales of over $100,000.00 and are well positioned to continue to achieve significant growth in the future. The company intends to combine the three subsidiaries into a single private company and bring it to the public market in the 12 to 18 months that follow. The newly formed company will issue one share of stock for every four shares of CIIX’s common stock held by investors as of the date of the spinoff, May 31, 2018. “This is a great time to spin off CIIX’s CBD focused assets as we continue to explore new ways to expand its core financial services business, including its recent move into the cryptocurrency and blockchain technology industry,” ChineseInvestors.com CFO Paul Dickman stated in the news release.
To view the full press release, visit http://cnw.fm/gP2Ia
About ChineseInvestors.com
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 and online sales of hemp-based products and other health related products. For more information visit www.ChineseInvestors.com.
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