New York, New York – CD International Enterprises, Inc.
("CD International") (OTC:
CDII), a U.S.-based company that sources industrial commodities
and provides business and management corporate consulting services,
today announced that CDI Shanghai Management Company, Ltd., a
wholly-owned subsidiary of CD International, 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.
CBD is a natural concentrate extracted from cannabis or hemp and
is considered a food nutrient delivering the benefits of
cannabinoids without the psychotropic effects of
tetrahydrocannabinol ("THC") when derived from industrial hemp. The
ongoing research into the effects of CBD on a variety of diseases
is expanding in the U.S., as the domestic cannabis industry opens
up. Research has indicated that CBD is a non-toxic and
non-addictive natural concentrate extracted from industrial hemp.
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.
CBD has been legalized in all 50 states of the U.S. The primary
function of CBD is to protect the brain and nervous system, help
digestion problems, relieve pain and reduce anxiety and stress.
This concentrate can be widely used in nutrition supplements, skin
care products, normal beverages and functional beverages.
Commenting on the CBD distribution agreement, Dr. James Wang,
Chairman and CEO of CD International, said, "We are very excited to
enter this brand new business to develop a new profit center. CBD
supplements have become a hot spot in the health products market in
the U.S. According to The CBD Report published by The Hemp Business
Journal, CBD is one of the fastest growing market categories in the
U.S. hemp and legal marijuana industries with a compound annual
growth rate of 59%. In 2015, the CBD industry grew from a nearly
invisible market a few years ago to $202 million in consumer sales,
and it is further expected to grow to $2.1 billion in consumer
sales by 2020. 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."
About CD International Enterprises, Inc.
CD International Enterprises, Inc. (OTC:
CDII), is a U.S.-based company that sources industrial
commodities and provides business and management corporate
consulting services. For more information about CD International,
please visit http://www.cdii.net
DISCLOSURE NOTICE:
In connection with the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, CD International
Enterprises, Inc., is hereby providing cautionary statements
identifying important factors that could cause our actual results
to differ materially from those projected in forward-looking
statements (as defined in such act). Any statements that are not
historical facts and that express, or involve discussions as to,
expectations, beliefs, plans, objectives, assumptions or future
events or performance (often, but not always, indicated through the
use of words or phrases such as "will likely result," "are expected
to," "will continue," "is anticipated," "estimated," "intends,"
"plans," "believes" and "projects") may be forward-looking and may
involve estimates and uncertainties which could cause actual
results to differ materially from those expressed in the
forward-looking statements.
We caution that the factors described herein could cause actual
results to differ materially from those expressed in any
forward-looking statements we make and that investors should not
place undue reliance on any such forward-looking statements.
Further, any forward-looking statement speaks only as of the date
on which such statement is made, and we undertake no obligation to
update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made or to
reflect the occurrence of anticipated or unanticipated events or
circumstances. New factors emerge from time to time, and it is not
possible for us to predict all of such factors. Further, we cannot
assess the impact of each such factor on our results of operations
or the extent to which any factor, or combination of factors, may
cause actual results to differ materially from those contained in
any forward-looking statements. This press release is qualified in
its entirety by the cautionary statements and risk factor
disclosure contained in our Securities and Exchange Commission
filings, including our Annual Report on Form 10-K for the fiscal
year ended September 30, 2015.
Company Contact:
CD International Enterprises, Inc.
Peisha Shen
Phone: +1-954-363-7333
Email: peisha.shen@cdii.net
Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
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