ChineseInvestors.com, Inc. (OTCQB: CIIX) is planning to open a retail store in San Gabriel, California, the same city in which the company is headquartered. The company also recently announced its new online cannabidiol (CBD) oil retail store would be operated by its newly-launched XiBiDi Biotechnology Co., Ltd subsidiary, which is headquartered in the Pudong Free-Trade Area of Shanghai, China.
XiBiDi Biotechnology will focus on the online and offline sales of health products, including a range of hemp-derived food and beverages. In a news release, Warren Wang, founder and CEO of CIIX, said he was delighted with the registration and establishment of CIIX’s new hemp company. The registration is expected to be finalized by the end of March 2017.
“XiBiDi 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 million people,” Wang said. “We believe that this large population affords XiBiDi an outstanding opportunity to be the provider of choice for natural hemp products.”
CIIX previously opened the world’s first online CBD product store in the Chinese language, www.ChineseCBDoil.com, in the Industrial Building of Shanghai. It will sell CBD products, which are non-toxic and non-addictive. CBD is extracted from cannabis in the form of a natural concentrate. It is thought to have value in treating epilepsy, Alzheimer’s disease, and cirrhosis of the liver, as well as in easing the impact of the neurodegenerative disease ALS, or Lou Gehrig’s disease.
“CIIX is very excited to be the world’s first U.S. publicly traded company promoting hemp-based CBD health products and hemp foods that will help Chinese people improve their overall health,” noted Wang.
For more information, visit the company’s website at www.ChineseInvestors.com
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