Market analysis company ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning announced the establishment and registration of XiBiDi Biotechnology Co., Ltd. in the Shanghai Free-Trade Zone. Moving forward, XiBiDi will focus on the online and offline sales of health products featuring hemp-derived cannabidiol (CBD) oil, in addition to hemp-based food and beverages. Additionally, the new company will serve as operator of CIIX’s recently-launched CBD online store, www.ChineseCBDoil.com. “I am delighted about the establishment and registration of our new hemp company,” Warren Wang, founder and CEO of CIIX, stated in this morning’s news release. “XiBiDi Biotechnology is strategically located in the Pudong Free-Trade Area of Shanghai, China, where we have the opportunity to reach a consumer base of nearly 1.4 billion people. We believe that this large population affords XiBiDi an outstanding opportunity to be the provider of choice for natural hemp products.” XiBiDi Biotechnology is registered as a wholly-foreign enterprise, and registration of the new company is expected to be completed by the end of March.
To view the full press release, visit http://nnw.fm/b6wPV
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 CBD health products via its new website: www.ChineseCBDoil.com. For more information visit www.ChineseInvestors.com
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