CFN Media Interviews ChineseInvestors.com CEO Warren Wang
(firmenpresse) - SEATTLE, WA -- (Marketwired) -- 06/29/17 -- CFN Media Group ("CannabisFN"), the leading creative agency and media network dedicated to legal cannabis, announces publication of an interview with Mr. Warren Wang, CEO of (OTCQB: CIIX). ChineseInvestors.com is a provider of real-time market analysis for U.S.-based Chinese investors and recently announced its entry into the cannabis industry with the development CBD Biotechnology Inc. in British Columbia, Canada. Mr. Wang discusses this move and his vision for the future of the company.
No Chinese publicly traded company has entered the CBD business, so we are the first, which gives us an advantage. In addition, we are not new to the marijuana industry. We have a few years of experience already, having made an investment in Medicine Man Technologies, Inc. (MDCL).
As a result, we feel very well positioned to enter a market that has been estimated by an independent third-party to reach 20 billion in sales by 2020. Although CBD for consumption is not legal in China now, we believe CBD can be as large as the coffee industry once it is legalized. China has 1.4 billion people, so if in the future the Chinese people spend just $1 on CBD, that is double the size of the entire CBD industry now. On the day when that opportunity arrives, we will be there and we will be ready.
It''s very exciting to be in Canada, because it''s the first G7 country to completely legalize marijuana. Toronto is now the capital city of the marijuana industry. For our business, Canada represents a huge market, as there are nearly 1 million Chinese-Canadian people. We intend to serve these people.
Our revenue estimate is $700,000 in our 2017 accounting year and 16 million by 2020. We have faced some headwinds with our retail store, owing to difficulties with a conservative landlord. But such headwinds are to be expected in this industry, and we have responded by turning the store into an educational center and showroom.
So we are building awareness and laying the foundation for positive word-of-mouth at the store, while using this high-touch opportunity to direct consumers to buy from us online at ChineseHempOil.com. On the retail front, we are looking forward to launching our CBD-infused cosmetics line in the China market later this year. CBD is approved for use in cosmetics in China and we feel the potential in the marketplace is huge.
We were attracted to Launch Haus''s experience and track record and we''re confident that our entry into network marketing will be quite successful. We''ve already received feedback that our product lends itself well to direct selling, so we''re moving quickly on this front. We''re excited at the sales potential that comes from harnessing a growing and enthusiastic network. One of the benefits for us of working with a team of personal sellers is that they educate consumers, which we feel contributes to the word-of-mouth effect.
We''ve brought on Julie Uhler as Chief Operating Officer for the company. Julie is a successful businesswoman with a strong background in both accounting and marketing. An expert negotiator, she has many years of experience starting and running her own companies, both in China and the U.S. We''re delighted to have Julie in charge of our product line-up and providing leadership in daily operations.
We''ve also added Kate Popejoy as Chief Customer Officer. Kate is an American who has lived in China, speaks Mandarin, and has abundant experience in sales and business. She will be making sure our sales experience goes above and beyond customers'' expectations so we can build our reputation as the go-to brand for Chinese-speakers interested in the benefits of CBD.
My personal vision is that ChineseHempOil.com spins off from ChineseInvestors.com to become a separate company. While there are synergies between the two companies, I think each company has such strong potential I''d like to see them become independent entities so that they can really stretch out their wings and grow. This is my opinion and my dream at this point. It is not the opinion of the board, nor should it be construed as a forward-looking statement.
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
Learn how to become a CFN Media client company, brand or entrepreneur:
Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand:
Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone:
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns CFN Media and CannabisFN.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit:
CFN Media
Frank Lane
206-369-7050
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Datum: 29.06.2017 - 07:00 Uhr
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