Creative Edge Nutrition (FITX) Announces Private Funding for the Build Out of the World's Largest and Most Advanced Legal Cannabis Production Facility
MADISON HEIGHTS, MI--(Marketwired - Mar 21, 2014) - Creative Edge Nutrition, Inc. (OTC Pink: FITX) (PINKSHEETS: FITX ) is proud to announce that it 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."
http://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.
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. http://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.
http://www.hemp-technologies.com
Safe Harbor Notice This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
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