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Alias Born | 05/16/2011 |
Saturday, November 29, 2014 11:50:16 AM
CASE CLOSED.
"The bylaw limits medical marijuana production to industrial zones while hemp production is permitted in both industrial and agricultural areas."
Here is a link to the Full article about the new bylaw that was passed by Lakeshore.
http://blackburnnews.com/windsor/windsor-news/2014/11/29/medical-marijuana-bylaw-gets-approval/
Once again for those that might not want to believe, FITX does NOT have the correct zoning to grow medical marijuana at the site that they have spent millions of dollars building.
At this point in time the company is NOT a medical marijuana company and does not receive any revenues from any medical marijuana related activities, excluding its associations with hemp ltd.
Please read the article carefully. FITX will have to choose a new site and begin again from scratch or abandon its aspirations as a medical marijuana company altogther.
In addition, the well-profiled board of directors have resigned from FITX effective immediately and the future of FITX is uncertain as a new proposed CEO for FITX has been suggested to take the helm while FITX spins off its dormant medical marijuana division to its shareholders on a pro rata basis.
Here is a link to the PR announcing the proposed spinoff of CEN Biotech inc.
http://www.marketwired.com/press-release/creative-edge-nutrition-inc-announces-intention-spin-off-canadian-wholly-owned-subsidiary-pinksheets-fitx-1970123.htm
All of these recent developments make the future of FITX very uncertain as an investment.
Caveat Emptor
All of my posts on this board and everywhere else have been my opinion and my thoughts on the situation I am discussing at the moment. I encourage everyone reading my posts to conduct their own thorough Due Dilligence and make their own choices independen
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