ChineseInvestors.com, Inc. (OTCQB: CIIX) is projected to reach revenues of $14.8 million by fiscal year 2020, according to a new research report by Consilium Global Research (http://nnw.fm/kKO7e). Per the report, the company did $930,000 in revenue for fiscal 2016 and is projected to grow at a compound annual growth rate (CAGR) of approximately 100% through 2020. The underlying market’s CAGR will expand at an 80% rate, the report said. Consilium sees CIIX as going through a huge transformation this year as it pursues a larger stake in the cannabis market.
Headquartered in San Gabriel, California, CIIX offers a range of consulting services and educational tools for Chinese investors, but, most recently, it has been pursuing a presence in the growing cannabidiol (CBD) market. In line with these efforts, the company opened the first online CBD store in the Chinese language in the free trade area of Shanghai. It seeks to serve some 1.4 billion people. The site will sell hemp-based food and beverages and hemp-derived CBD. It seeks to sell, where legal, to Chinese-speaking consumers worldwide through its…
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