Creative Edge Nutrition Inc (FITX)

[LongShot_Louie]

Here you go I found the text.......

version of the article in that video....BTW I see you were referencing a section of the article that is not visible in the video(highlighted in red). So you must already be aware of its existence, but if that's the case what was the point of your question?

Windsor-Essex, Ontario Gets $12M Medical Marijuana Investment

Jan 07

CEN Biotech announced that it is making a $12 million investment in Windsor-Essex County, Ontario, Canada to establish a facility that will enable them to grow and sell medical marijuana.
CEN Biotech announcement in Windsor-Essex, Ontario
CEN Biotech announcement in Windsor-Essex, Ontario (photo – WindsorEssex EDC)

The company had announced back in Nov 2013 that they were breaking ground for construction on a six-acre site leased from the Town of Lakeshore. .

The land is already zoned for agriculture, so they didn’t need to apply for zoning. The plot had an existing 26,400-square-foot structure, and CEN Biotech is adding another 58,000 square feet, adding up to facility with a total of 84,400 square feet.

CEN Biotech could begin distributing medical cannabis later this year by late summer or fall.

The company has obtained a license from Health Canada for production, import, export and sale of medical marijuana and seeds. This was made possible after Health Canada reviewed its policies governing control of marijuana prescribed for medical use by physicians.

CEN Biotech President Bill Chaaban said the policy review by Health Canada created an opportunity for the company to use its skills and expertise to create a controlled environment for this medical application.

Sandra Pupatello, CEO of the WindsorEssex Economic Development Corporation, said it was interesting to note that Windsor-Essex might be a prime location to marry high-level security with agribusiness expertise. Pupatello said Health Canada has moved CEN Biotech a step closer to that reality.

Pupatello added that they were pleased to be there for the economic development announcement which she said will benefit the whole region.

Joseph Byrne, an investor in CEN Biotech, said during the media event that the golden goose has landed in Essex County, and it’s a no-brainer that this will bring many jobs to the region.

Byrne noted that he couldn’t think of a better community to launch this industry than Windsor-Essex for two reasons. He mentioned that the community houses the continent’s most robust and secure border environment. Secondly, he said that as a hub for agricultural expertise, the region boasts Canada’s best hub for agriculture.

CEN Biotech is a subsidiary of Madison Heights, Michigan-based Creative Edge Nutrition Inc. In the first half of 2013, Creative Edge clocked up revenues worth around $2 million. But they now expect to generate around $100 million in annual sales within five years, and attribute the projected growth in large part to the expansion in Canada.