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| CIIX Announces Substantial Revenue Growth in 2019 |
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 Hot Stock to Watch |
Company: Chineseinvestors.com, Inc. (OTCQB: CIIX)
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Last:
Price: 0.3105
Change (%): - 0.0195 (5.91)
Volume: 2,817 |
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ChineseInvestors.com Inc. (CIIX) Announces Sales Up 175% in Fiscal Year 2019
Organic growth in every segment of business; industrial hemp and CBD liquor product sales major drivers of growth
SAN GABRIEL, California, Sept. 3, 2019 /PRNewswire/ — ChineseInvestors.com, Inc. (OTCQB: CIIX) (“CIIX” or “the Company”), a premier provider of financial news and education for the Chinese-speaking community, today provided an update on its financial results for the fiscal year ended May 31, 2019 and outlook for fiscal year 2020.
The Company reported a 175% year-over-year increase in revenue for FY 2019.
The Company reported overall revenue of $6.5 million, up from $2.4 millionin FY 2018, largely attributed to a $3.8 million increase in sales revenue from industrial hemp and CBD liquor products, including new products introduced in China by the Company’s subsidiary, CBD Biotech, Inc.
“We have seen significant growth in revenues this year, primarily attributable to the Company’s CBD consumer products line in Asia,” stated Mr. Warren Wang CEO of Chineseinvestors.com. “While we have been strategically focusing on industrial hemp and CBD sales, we are pleased with the progress we have seen in our legacy businesses, financial news, education subscriptions, and investor relations, where we are re-focused on organic growth. We expect to see the full result of these efforts in FY 2020.”
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