MADISON HEIGHTS, MI / February 3, 2014 / ACCESSWIR
Post# of 56324
MADISON HEIGHTS, MI / February 3, 2014 / ACCESSWIRE / Creative Edge Nutrition, Inc. ( FITX ), in a previous press release announced a collaborative deal in the operation of its future medical marijuana facility in Lakeshore, Ontario Canada. 8k filings with the SEC through our collaborative partner have led to confusion in the ownership held by Creative Edge Nutrition Inc.
This is to clear up any confusion. Creative Edge Nutrition Inc. owns 75% (Seventy-Five Percent) of Cen Biotech, Inc.
The structure of the CEN Biotech Inc. ownership was done with the best interest of shareholders and the company in mind. The percentages held by Wise Phoenix LLC, AJOA Holdings LLC and the “key Players” are held in trust on behalf of Creative Edge Nutrition. This structured ownership was for a multitude of reasons; most importantly, to prevent a Hostile takeover and protect what is the company’s most valuable asset. It also prevents control from being in the hands of one individual or party.
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