NEW YORK ( MainStreet ) —  Creative Edge Nutrition ( FITX ), company that makes of work-out supplement Aminoplex, acquired Hemp Technologies for $15 million shares and a $4 million cash commitment over two years.

"Once we complete restructuring of Hemp Technologies we will apply for a license to grow hemp," said Bill Chaaban, president of Creative Edge Nutrition. "The seeds are going to be an issue, because the U.S. doesn't have a seed bank. There are seed banks in Canada and the Netherlands, but we have to import the seeds and pick the ones that will grow in the climate and soil that make up the U.S."