- ChineseInvestors.com sees astounding 28,859 percent revenue growth in CBD product brands
- Company tapping into economic potential of huge ethnic Chinese population in China and North America
- Company delivers education and analysis in Chinese on all aspects of cryptocurrency production and trade
A financial information company dedicated to empowering Chinese-speaking investors and building on the market potential of cannabis-infused health and wellness products is announcing the expansion of its footprint in North America with the opening of offices in eastern Canada. ChineseInvestors.com, Inc. (OTCQB: CIIX) issued a news release on September 17 stating that it now has a sales and support office in Richmond, British Columbia, in addition to its headquarters in San Gabriel, California, and other corporate satellites in New York City and Shanghai.
The new British Columbia offices are located in the heart of Richmond’s busy financial district in the Pacific Business Centre, a prime location in close proximity to major Canadian banks, SkyTrain stations, shopping plazas and the neighboring Service Canada Centre, according to the news release (http://cnw.fm/0ozQY).
“With 54% of Richmond, British Columbia’s population representing individuals of Chinese ethnicity, we are in the optimal Canadian location to serve our target market,” CEO Warren Wang stated in the release, noting ChineseInvestors.com’s “long history of delivering quality, innovative subscription and educational services to Chinese globally.”
China’s citizens comprise the world’s largest national population — estimated this month to be at over 1.4 million people or 18.54 percent of the total planet’s population, according to the United Nations (http://cnw.fm/u4U3E). Ethnic Chinese people’s presence in North America mirrors their global anthropological status — they make up the largest subset of the diverse Asian American community (http://cnw.fm/kssR0) and are collectively a potential economic engine.
ChineseInvestors.com is focused on delivering market analysis and education in the Chinese language to assist investors striving to participate in market activity. In November, the company launched a news and investment education portal covering strategies and opportunities to capitalize on the rising star of cryptocurrency and blockchain markets, including trading guidelines, market commentary and analysis. After the beginning of the new year, the company began producing a daily cryptocurrency video newscast in Chinese in conjunction with independent news agency Wall Street Multimedia.
ChineseInvestors.com’s fiscal year-end report adds that the company’s gross operating revenues experienced a 41 percent year-over-year increase primarily as a result of consumer product sales tied to its subsidiaries’ hemp brands. Its hemp oil and liquor products were the primary reason its sales grew from $1,308 the previous May to $377,719 this year — an astounding 28,859 percent increase. Revenues from the company’s cryptocurrency brands grew from $19,453 to $206,648 during the year (http://cnw.fm/ZtE3k).
The company plans to establish a cryptocurrency ATM network with an online coin-to-coin exchange for Chinese cryptocurrency investors, and to dedicate more resources to marketing its hemp-based CBD products as the government regulatory climate continues to yield to popular clamor for greater legalization of hemp as an agricultural commodity. Eventually, ChineseInvestors.com expects to spin off its CBD division, ChineseHempOil.com, Inc. In the meantime, the company has set its sights on moving into more U.S. states, Toronto and Japan, Wang told MoneyTV (http://cnw.fm/wL9EK).
Wang said that he hopes the CBD spinoff will take place by year-end as part of a drive to list on the OTC or a national exchange such as Nasdaq in the coming months.
“We intend to continue to expand our consumer division by dedicating more resources to marketing hemp-based CBD products both domestically and in China,” Wang stated in the interview. “At the same time, we will continue to offer our core financial subscription services with a focus on increasing subscription revenues through targeted marketing of the Company’s new cryptocurrency subscription services and educational products.”
For more information, visit the company’s website at www.ChineseInvestors.com
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