CBD supplements have become a hot spot in the health products market in the U.S.
CDII has launched a new division to distribute Cannabidiol (CBD) crystal in the U.S. and CBD-based products to Chinese speaking population. The launch of Green Products Distribution and the associated online store is a key part of the expansion plans underway. CDII’s primary goal with this launch is to retail CBD-based products in Chinese-speaking communities, which collectively represent a potential global market of over 2 billion people.
Dr. James Wang, Chairman and CEO of CDII said, “If we are able to distribute 100 kilograms per month or 1,200 kilogram per year in the U.S., we would generate over $60 million in revenues according to the current market wholesale price. Management is confident that our new business could generate substantial profit opportunities for our shareholders for years to come.”
Recent, CDII’s wholly owned subsidiary, CDI Shanghai Management Company, Ltd., has entered into a multi-year distribution agreement with Zhangjianjie Shengshi Agricultural Development Company, Ltd. (“Shengshi”) to distribute high-grade Cannabidiol (CBD) crystal (99%), processed from industrial hemp, in the United States.
Under the distribution agreement, Shengshi will be responsible for large-scale production of CBD processed from industrial hemp in China and supply of CBD crystal (99%) up to 100 kilograms per month or 1,200 kilograms per year for distribution in the U.S. CD International has an exclusive right to distribute CBD in the United States for 10 years.
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