Updated: July 18, 2017
CIIX Placed on Investor ‘Watch List’ on pending Cannabis Vote in Congress
(NEW YORK) –ChineseInvestors.com, Inc. (OTCQB: CIIX), a retail, online and direct sales of hemp-based products and other health-related products, has been placed on Ludlow Research ‘Watch List’ based on pending cannabis vote in Congress.
The amendment, introduced by Representatives Dana Rohrabacher (R-Calf.) and Earl Blumenauer (D-Ore.), which prevents the Dept. of Justice from using funds to go after marijuana companeis, was originally passed in the House in 2014 and 2015, and has remained on the current budget through the continuing resolution, but is set to expire this September.
This legal uncertainty took a lot of air out of the red hot marijuana sector, but things may be about to catch fire again with the upcoming vote expected shortly.
In the coming weeks, before the August recess, Congress is expected to vote on the Rohrabacher-Blumenauer amendment for the Fiscal Year 2018 appropriations bill. If the Rohrabacher-Blumenauer amendment is passed within the bill CIIX could see a sharp rally to close out the summer months.
Hemp Infused Skin Care Product
The Company recently announced that its wholly owned foreign enterprise, CBD Biotechnology Co. Ltd., will officially launch its first line of non-industrial hemp infused skin care products, the “CBD Magic Hemp Series.” The product line will include four products, namely, CBDBIO TECH Toner, CBDBIO TECH Rejuvenating Cream, CBDBIO TECH Perfecting Shield Primer and CBDBIO TECH Rejuvenating Spray.
Chinesehempoil.com will officially launch its own premium hemp health product line ‘OptHemp,’ which will include the Company’s first private label product, OptHemp Ultra Premium Hemp Oil.
The OptHemp products will be available at their website, the Company’s official bi-lingual site. CIIX will use multiple sales channels to implement its sales plan including online sales, retail sales and direct marketing. As part of its plan, CIIX is close to completing construction on its first retail store, which will be among the first retail stores to offer premium hemp-based products along with other health products in San Gabriel, CA. www.ChineseHempOil.com
As of July 2017, the Company had roughly 10 million shares issued and outstanding, and was trading on the OTCQB Exchange under the ticker symbol “CIIX”.
Founded in 1999, ChineseInvestors.com (OTCQB: CIIX) endeavors to be an innovative company providing: (a) real-time market commentary, analysis, and educational-related services in Chinese language character sets (traditional and simplified); (b) advertising and public relation-related support services; and (c) retail, online and direct sales of hemp-based products and other health-related products. For more information visit www.chineseInvestors.com
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