CHNC Announces Completion of Audited Financial Statements
China Infrastructure Construction Corp (OTC: CHNC) has published its audited financial statements for the fiscal year ending May 31, 2021, conducted by PWR CPA, enhancing its credibility with investors. CEO Dante Picazo hailed this completion as a milestone, with plans to change the company's name to Cannabis Bioscience International Holdings to better reflect its core business. The firm has raised approximately $1.5 million through private placements, aiming to further capitalize on its financial statements. It seeks to venture into the cannabis education market and will become an SEC reporting company.
- Publication of audited financial statements enhances investor confidence.
- Approx. $1.5 million raised through private placements boosts capital.
- Plan to change name to reflect core business may attract new investors.
- Moving towards SEC report compliance could increase credibility.
- None.
Houston, TX, March 23, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- China Infrastructure Construction Corp (OTC: CHNC): CHNC has announced the publication of its audited financial statements for its fiscal year ended May 31, 2021. These statements were audited by PWR CPA, a Houston, Texas accounting firm registered with the Public Company Accounting Oversight Board (the “PCAOB”). The Company believes that these financial statements comply with the regulations of the Securities and Exchange Commission.
Dante Picazo, CHNC’s Chief Executive Officer, said, “The completion of this audit is a significant milestone for our company. We have devoted a great amount of time and attention to this project and believe that our audited financial statements will provide investors with more reliable information about our company and its financial condition.” He added that the company plans to change its corporate name to Cannabis Bioscience International Holdings, Inc. in order to better reflect its core business. The company plans to become an SEC reporting company.
“Despite the ink still being wet, we are more than excited to have completed the audit which represents a management achievement for CHNC. This is the result of hard work from a multidisciplinary team that dedicated all their efforts into this project, and we look forward to the next steps that could be unlocked with this official tool,” said Henry Levinski, the company’s treasurer, who oversaw the audit. He added, “The completion of the audit begins a new chapter for both the company and its investors.”
The company has raised approximately
We have the energy, the determination and now with our housekeeping matters fully in order, we have no limitations to conquer the global cannabis education market, clinical studies, cannabis clinical trials, university education, and online products.
To learn more visit: https://www.chnc-hdh.com/
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "projects," "intends," and similar phrases. Forward-looking statements involve risks and uncertainties that could cause actual results to differ from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of geopolitical conditions, competition, changes in technology and methods of marketing, and various other factors beyond the company's control.
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