PLANTATION, Florida, May 16, 2017 /PRNewswire/ --
CD International Enterprises, Inc. (OTC:CDII), a U.S.-based company that sources industrial commodities and provides business and management corporate consulting services, today announces that it has entered into a wholesale distribution agreement with GWR Distributors, Inc. based in the U.S.,
Per the agreement, CD International will purchase CBD products at a wholesale price from GWR Distributors, and then market the products to Chinese-speaking consumers. The CBD products include CBD capsules and concentrates, edibles and oils, isolates, syrup and terp, as well as CBD for pets.
The distribution agreement strengthens CD International's Green Products Distribution division and online store, which were recently launched for the distribution of CBD-based products worldwide. These initiatives are part of the Company's expansion plans to sell CBD-based products in Chinese-speaking communities, which collectively represent a potential global market of over 1.6 billion people.
"We are very pleased to work with GWR Distributors, one of the world's leading suppliers of CBD-based products, to bring the best CBD-based products manufactured in the U.S. to our target market. With multiple successful global transactions, a wealth of international relationships, and in-depth knowledge of the innate practices of Chinese commerce and customers, we believe we are well-positioned to take advantage of substantial growth of CBD based products in China for years to come," said Dr. James Wang, chairman and CEO of CD International Enterprises.
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. The breadth of its services allows the Company to be a one-stop shop for international companies looking to take advantage of global market opportunities. For more information about CD International, please visit http://www.cdii.net.
About GWR Distributors, Inc.
GWR Distributors, Inc., founded in 2012, is one of the world's leading suppliers of Cannabidiol/hemp-derived CBD oil, with over 5,000 wholesale clients and over one million end users. GWR Distributors distributes its world-class CBD products throughout the U.S. and holds its products to the highest standards. GWR Distributors' products are formulated by a compounding licensed pharmacist in an ISO6 clean room to ensure the highest quality finished products.
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, 2016.
Contacts: Investor Relations
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SOURCE CD International Enterprises, Inc.
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