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Bullboard - Stock Discussion Forum Creative Edge Nutrition Inc FITX

Creative Edge Nutrition, Inc. is a nutrition company. The Company is engaged in the development, marketing and sales of nutraceuticals and health supplements. The Company develops, manufactures, markets, distributes, brands and private labels health supplements, energy and fitness products, and bottled water products for the United States and International markets. The Company is involved in... see more

GREY:FITX - Post Discussion

Creative Edge Nutrition Inc > $20,000,000 News
View:
Post by bxju on Mar 21, 2014 11:07am

$20,000,000 News

Wow!!!

 

Creative Edge Nutrition (FITX) Announces PRIVATE Funding for the Build Out of the World’s Largest and Most Advanced Legal Cannabis Production Facility

2014-03-21 10:36 ET - News Release

 


MADISON HEIGHTS, MI / ACCESSWIRE / March 21, 2014 / Creative Edge Nutrition, Inc. (PINKSHEETS: FITX), is proud to announce that is has secured and received PRIVATE FUNDING for the build-out of its future Medical Cannabis facility in Lakeshore, Ontario, Canada.


Bill Chaaban, President & CEO stated “we are proud to have secured a commitment of private funding of $20 Million USD to fund the first phase of our project located in Lakeshore, Canada. Through a private equity stake, our private partners have already advanced $4.5 million USD for the project thus far. Under the private financing commitment, they are projected to finance the balance of funds within 90 days on a weekly basis.”


https://cenergynutrition.com/timeline2014.php


Please check back frequently for new progress on the facility.


About CEN Biotech


CEN Biotech, Inc. was established in 2013 as a partially owned subsidiary of Creative Edge Nutrition (OTC Pink: FITX) for the sole purpose of supplying the Canadian public with pharmaceutical-grade medical cannabis under the newly established Marihuana for Medical Purposes Regulations (MMPR) CEN Biotech Inc. has submitted a comprehensive application to become a licensed producer (LP) of dried marihuana for medicinal purposes and has received a ready-to-build approval from Health Canada.
https://www.cenbiotechinc.com/


About Creative Edge Nutrition, Inc.


Creative Edge Nutrition is a holding company and a Nutritional Supplement Company focused on developing innovative, high quality supplements. The company offers a broad spectrum of capsules, tablets, and powders, as well as science based products in the principal categories of weight management, nutrition challenges, energy and fitness. The Company manufactures under strict GMP guidelines at GMP Certified and/or FDA registered facilities. https://www.cenergynutrition.com/ and https://www.facebook.com/CenergyNutrition


About Hemp Technologies


Hemp Technologies Ltd. is a vertically integrated hemp company that grows, processes and sells its hemp directly to the consumer and for industrial processing. In addition, it is instrumental in hemp home building and building materials, hemp spirits and food, and hemp pharmaceutical and dietary supplements.


https://www.hemp-technologies.com/

Comment by dontbelievethehype on Mar 24, 2014 12:36pm
It's a credit line, convertible into shares...that the company does not have to issue untilt they increase teir "available for I&O threshold"...so they have to pay the money back, or covert it into more shares of the company, probably at a fraction of the market price (all other shares deemed for services, aquisitions and what have you ahve been valued at $0.001/share...this will ...more