Due Diligence for Investors in Creative Edge Nutrition, Inc.
We have linked three articles below, for investors to get information on Creative Edge Nutrition. The article from 420 Intel details the issue the company is having getting a Canadian license to operate its marijuana grow facility in Ontario. The Barchart.com analysis, along with providing all the key FITX data you need, has a link to a press release updating the license issue. The article you can read in the WDRB report announces the spin-off of the company’s CEN Biotech marijuana interest to FITX shareholders and provides the details of that transaction.
Our View: The spin-off of the marijuana business should be a benefit to FITX shareholders. Cen Biotech has virtually said its hands are tied in the licensing process, by the Canadian government, until January. The company’s revenue from the nutritional supplements it markets has suffered over the time company focus and resources have been allocated to the marijuana business. Splitting the two business segments into two publicly traded companies should benefit both entities along with their shareholders.
The future shareholders of CEN Biotech will have a business with a fully accredited grow facility in place. The company has filed a complaint under Chapter 11 of the NAFTA Act in an effort to force the Canadian government to issue them the grow license. FITX claims to have proof that the refusal to issue them the license was arbitrary and not based on any licensing requirements. Regrettably the evidence that FITX has was ordered to be sealed and the parties are not allowed to discuss these facts.
The roll-out of the FITX new product line, Giddy Up, should come soon now that the company’s focus can be 100% on the nutrition market. The large increase in the company’s cash burn may tend to go down now that the marijuana business costs aren’t reflected there. Overall the ownership of the two companies should be a bonanza for shareholders. The spin-off applies to shareholders of record on 11-30-2015.
420 Intel – Marijuana Business News – September 2, 2015
Barchart.com – Analysis – September 24, 2014
WDRB.com – Sprout News – September 24, 2015
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