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.
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ChineseInvestors.com, Inc. (CIIX) Establishes XiBiDi Biotechnology Co., Ltd. in Shanghai Free-Trade Zone
