- CIIX reported nearly 76 percent revenue growth for full year fiscal 2017
- Price target of $3.75 reflects investment potential of cannabis initiatives
- Recent launch of cryptocurrency daily Chinese video newscast from NYSE first of its kind
- CBD industry is expected to grow to $2.1 million in consumer sales by 2020 with $450 million coming from hemp-based sources.
ChineseInvestors.com, Inc. (OTCQB: CIIX), a leading financial information website for Chinese-speaking investors in the United States, China and Canada, continues to innovate and create exceptional value opportunities with the launch of a CBD skincare line in China and a cryptocurrency daily Chinese video newscast from the NYSE. Notably, SeeThruEquity has updated and maintained its target price of $3.75 on shares of ChineseInvestors.com, Inc.’s stock.
Among the reported highlights is the company’s revenue growth of 75.9% over 2016, with revenues dramatically increasing in both its investor relations and subscription services segments (http://nnw.fm/nG6pX). CIIX’s business strategy of targeting the emerging cannabidiol (CBD) health products market includes bringing a new website online for its subsidiary ChineseCBDoil.com (http://nnw.fm/asKI9). This website offers the world’s first “CBD health products online store in the Chinese language.” At the same time, CIIX launched a Chinese language Yelp-style mobile application that contains a location-enabled database of recreational and medical marijuana dispensaries, as well as a platform to review and discuss various cannabis and CBD products.
The company’s wholly owned foreign subsidiary CBD Biotechnology recently completed the record filing process with the China Food & Drug Administration for its first retail line of hemp-infused skin care products. With this essential regulatory milestone met and several products designed and manufactured, ChineseInvestors.com is ready to promote and sell its CBD Hemp Oil and CBD infused skin care products in China, Alan Klitenic, CIIX director of investor relations said in a SmallCapVoice interview (http://nnw.fm/5V7jK).
Adding to the company’s robust growth pattern, the launch this week of the first cryptocurrency daily video newscast in the Chinese language from the NYSE is generating attention. Titled “Bitcoin Multimillionaire,” the video newscast aims to provide information and analysis regarding all aspects of the emerging digital currency world.
“Many Chinese investors are seeking information and education related to the cryptocurrency sector,” said Warren Wang, founder and CEO of CIIX said in a news release (http://nnw.fm/hHh0t). “Similar to U.S. stocks, as the price of digital currency, such as Bitcoin, continues to increase, Chinese people all over the world are taking notice and seeking access to timely information regarding market trends, news and analysis. We look forward to being the premier source for this information.”
Investors should also watch for CIXX to launch a website to serve the Chinese cryptocurrency investor. The new site, located at newcoin168.com, will seek to “be a leader in digital media and cryptocurrency and blockchain technology education,” providing straight forward explanations on all aspects of the cryptocurrency market while providing strategies and other opportunities to capitalize on this fast-paced financial industry.
For more information, visit the company’s website at www.ChineseInvestors.com
More from NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information please visit https://www.NetworkNewsWire.com