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| Exciting News from CIIX Regarding Stock Dividend |
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 Hot Stock to Watch |
Company: ChineseInvestors.com (OTCQB: CIIX)
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Last:
Price: 0.698
Change (%): + 0.041 (6.24)
Volume: 6,339 |
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ChineseInvestors.com, Inc. Announces Stock Dividend Details Related to the Spinoff of All Hemp-Related Assets Including its China-based Wholly Owned Foreign Enterprise in, XiBiDi ("CBD") Biotechnology Co. Ltd. and its Wholly Owned United States Subsidiaries, ChineseHempOil.com, Inc. and Hemp Logic, Inc.
SAN GABRIEL, California, February 28, 2018 /PRNewswire/ - ChineseInvestors.com, Inc. (OTCQB: CIIX) (“CIIX” or the “Company”), the premier financial information website for Chinese-speaking investors, today announces the details of the stock dividends related to the upcoming spinoff of all hemp-related assets including its China-based wholly owned foreign enterprise, CBD Biotechnology Co. Ltd. (“CBD Biotech”) and its wholly owned United States subsidiaries, ChineseHempOil.com, Inc. (“Chinese Hemp Oil”) and Hemp Logic, Inc. (“Hemp Logic”).
Last month, the Company’s subsidiaries achieved combined sales of over $100,000.00 and are well positioned to continue to achieve substantial growth into 2018 and beyond. CIIX plans to spin off all of its hemp related assets including, but not limited to, CBD Biotech, Chinese Hemp Oil and Hemp Logic into a single private company (the “New Company”) with the goal being to bring the New Company into the public market in 12 to 18 months that follow. The New Company will issue one share of stock in the New Company for every four shares of CIIX’s common stock held by investors as of the date of the spinoff, May 31, 2018.
According to CIIX’s CEO, Warren Wang, “We want to provide our shareholders the opportunity to take advantage of this dividend; therefore, we encourage holders of our preferred stock to convert into common prior to May 31, 2018.”
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