Interesting article......
One of the medical marijuana markets big issues over the last month or two has been establishing legitimacy in the eyes of big investors. With Growlife (OBB: PHOT, Stock Forum) currently SEC-stomped and Advanced Cannabis Solutions (CANN) having been face-palmed by the feds weeks earlier, the recent two-day weed stock crisis came firmly out of suspicions that some large ganjcos were (no pun intended) smoke and mirrors, and were about to be found out.
So what does Creative Edge (OTO:FITX, Stock Forum) partner CEN Biotech do to fight that idea? They hire a 33-year veteran banker, securities fraud examiner, and IRS whistleblower as their new Chairman of the Board.
Which is kind of like having Bill Gates check your computer science homework.
If anyone had wondered if Creative Edge and co. had been playing fast and loose with trades or paperwork, chances are they’re not wondering anymore. And their recent lightning quick decision to sever all ties with Growlife, a company that stands suspected by the SEC of having cut corners in trades and accounting, doubles down on the credibility front.
Creative Edge is already a $267.7 million market cap player with 3.4 billion shares outstanding, so they might not be in the sights of the Canadian daytrading penny play crowd, but as an example of how to de-risk your game, they’ve set a solid example for others.
The market agrees: FITX is up 23.5% today, building up off a dip.
Read more at http://www.stockhouse.com/news/newswire/2014/...SAzJwqu.99
http://www.stockhouse.com/news/newswire/2014/...-fears-ebb.
One of the medical marijuana markets big issues over the last month or two has been establishing legitimacy in the eyes of big investors. With Growlife (OBB: PHOT, Stock Forum) currently SEC-stomped and Advanced Cannabis Solutions (CANN) having been face-palmed by the feds weeks earlier, the recent two-day weed stock crisis came firmly out of suspicions that some large ganjcos were (no pun intended) smoke and mirrors, and were about to be found out.
So what does Creative Edge (OTO:FITX, Stock Forum) partner CEN Biotech do to fight that idea? They hire a 33-year veteran banker, securities fraud examiner, and IRS whistleblower as their new Chairman of the Board.
Which is kind of like having Bill Gates check your computer science homework.
If anyone had wondered if Creative Edge and co. had been playing fast and loose with trades or paperwork, chances are they’re not wondering anymore. And their recent lightning quick decision to sever all ties with Growlife, a company that stands suspected by the SEC of having cut corners in trades and accounting, doubles down on the credibility front.
Creative Edge is already a $267.7 million market cap player with 3.4 billion shares outstanding, so they might not be in the sights of the Canadian daytrading penny play crowd, but as an example of how to de-risk your game, they’ve set a solid example for others.
The market agrees: FITX is up 23.5% today, building up off a dip.
Read more at http://www.stockhouse.com/news/newswire/2014/...SAzJwqu.99
http://www.stockhouse.com/news/newswire/2014/...-fears-ebb.
