NEW YORK, January 12, 2017 /PRNewswire/ --
ChineseInvestors.com (OTCQB: CIIX) ("CIIX" or the "Company"), the premier financial information website for Chinese-speaking investors in both the U.S. and China, announces today that the new headquarters of http://www.ChineseCBDoil.com, the world's first Cannabidiol (CBD) health products online store in the Chinese Language, is to be located in Block E, 27th floor, Industrial Building, Shanghai, China. Besides, the Company is preparing to set up a wholly owned subsidiary in the Shanghai Free Trade Area and it will focus exclusively on the wholesale and retail business of supplying CBD oil health products to the nearly 2 billion Chinese people all over the world. ChineseCBDoil.com is expected to go live and online at the end of January 2017.
The research into the properties of CBD elements is expanding in the U.S. with the gradual opening up of its domestic cannabis industry. Researchers in China are also beginning to study the medical effects and edible use of CBD oil in the Yunnan and Heilongjiang provinces. CBD is a non-toxic and non-addictive natural concentrate extracted from cannabis. According to some major research institutions and a CNN documentary, CBD has shown to be effective in treating epilepsy, Alzheimer's disease, cirrhosis of the liver and to provide relief from hangover, anxiety and stress.
Once the headquarters of http://www.ChineseCBDoil.com in Shanghai opens for business, the office will start recruiting new employees after the Chinese New Year ends. The team will include professionals specializing in web design, e-commerce and marketing and will focus on selling CBD health products worldwide through online wholesale and retail processes.
Warren Wang, founder and CEO of CIIX, commented: "Recently, officials at the DEA (U.S. Drug Enforcement Agency) have given differing interpretations as to the legality of wholesaling and retailing CBD oil in the U.S. Because the U.S has yet to make final policy, we believe it is a wise move to have http://www.ChineseCBDoil.com located in Shanghai, China. China has a consumer base of nearly 2 billion people and this large population affords an outstanding opportunity to be the provider of choice for CBD oil products to them. CIIX is very excited to be the world's first listed Chinese company promoting CBD health products that will help Chinese people improve their health status."
Mr. Wang further remarked: "Our cannabis "Yelp" style mobile application has just completed its design of Version 1.0. This is not only the first mobile application that provides a platform for Chinese people to review and discuss various cannabis products, but also the first marijuana social media mobile application designed for Chinese speakers. In accordance with our plan, the on-line application we submitted to the Apple store has already been approved. CIIX will continue to recruit employees in the new Shanghai headquarters to help further increase the data capacity and enhance our users' experience of the new cannabis "Yelp" style App."
About ChineseInvestors.com (OTCQB: CIIX):
ChineseInvestors.com, Inc. ('CIIX'), founded in 1999 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) support services to our various partners, (c) consultative services to smaller private companies considering becoming a public company, (d) advertising and public relation related support services, and (e) other services we may identify having the potential to create value or partnership opportunity with our existing services.
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SOURCE ChineseInvestors.com Inc