- CIIX reported $1,444,822 in revenues for the third quarter of fiscal 2019, marking an 81 percent increase from the same quarter of the previous year
- The company’s hemp and CBD consumer product sales grew to $1,061,318 in the third quarter of fiscal 2019
- CIIX CEO projects a “fruitful” performance in the coming year
ChineseInvestors.com Inc. (OTCQB: CIIX) reported sharp sales gains for the three months ended February 28, 2019. The quarterly gains reached 81 percent, totaling $1,444,822, as compared to $796,304 for the previous year. CIIX CEO Warren Wang attributed a large part of the impressive growth to a major increase in industrial hemp and CBD product sales during the period; sales for that segment reached $1,061,318 in the third quarter of fiscal 2019, marking a huge jump from $183,185 during the same period of the previous year (http://cnw.fm/0Jx7Q).
That wasn’t the only good news for CIIX. Subscription revenues for the company also rose by six percent for the quarter, landing at $229,220, as compared to $214,506 in the previous year during the same period.
“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,” Wang said in a news release. “Our financial performance and highlights for the quarter are a testament to the popularity and demand for our CBD and hemp products.”
Wang added that CIIX has become a “key player in the Chinese markets” and expressed confidence that the year ahead will be a “fruitful” one for the company.
CIIX is a diverse company that offers its audience of Chinese-speaking investors real-time market commentary, analysis and education-related services in Chinese language sets. During the quarter ended February 28, 2019, CIIX rebranded its consumer products line under the ‘opt’ brand and consolidated its e-commerce sites to offer a one-stop shopping experience on its website (http://cnw.fm/uZF0c). Recognizing the opportunities in the U.S. cannabis industry, CIIX is laying the groundwork to capitalize on growing demand for cannabidiol-based nutrition and health products.
For more information, visit the company’s website at www.ChineseInvestors.com
NOTE TO INVESTORS: The latest news and updates relating to CIIX are available in the company’s newsroom at http://cnw.fm/CIIX
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