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I buy stock on the news but what makes this stock less risky is the need for security for MJ growers. In Canada you almost have to build a mini prison. Potential is great.
I buy on the news. This is a great stock to watch. I have money in another stock but as soon as it pops will buy on news this one. Great potential because of the need for security.
Clearly one to watch.
Interesting Article you will like fitx even better.
Creative Edge To Discuss Canadian Marijuana Industry At WeedStock Conference
By Luke Jacobi
8 hours ago
Benzinga
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Creative Edge Nutrition (OTC: FITX) is historically a supplement company, but that may soon change. Creative Edge is applying for a license from the Canadian government to distribute marijuana in the country. If successful, Creative Edge would be the first publicly traded company to grow and sell marijuana. The indications for capital raising are huge.
The company announced Friday that it will be one of select firms to discuss its business at the first annual Weedstock conference.
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When CEO Bill Chaaban decided to pursue marijuana growth, not focus entirely on supplements, he had a monstrous task ahead of him. Chaaban explained to Marketfy’s 420 Investor how he rose to the challenge.
Related Link: Will Creative Edge Become The Jolly Green Giant Of Medical Marijuana?
“I said ‘Okay - Well, you know what? I need to put the team together.' And so I canvassed the medical marijuana market in Canada and said ‘Okay, we really need to shock and awe.'"
"[T]he way I like to do things is: I don't like to do things small. I like to do ‘em big and I do them bold and I like to say, ‘I'm going to do something that no one's ever done before.' And I feed off of people saying that ‘You will never accomplish this and will never accomplish that'".
Creative Edge certainly has been putting together a strong team, as the company is trying to do as much as they can in house. Three recent appointments look to prepare the company for regulatory challenges. The chairman of the board spent a significant amount of time as a fraud examiner for the
Related Links
FITX Has Been Creative With Recent Board Appointments
A Look At 2014's Leading Cannabis Stocks (Part I)
Marketfy to Host the 1st Annual Cannabis Investor Conference
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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I agree we are all waiting. Stock is hanging in their.
That is advice I heard from a relative of mine who is a successful investor and has turned out to be right. If you do watch everyday discipline is the key. But you are right there is always the tendency to get very discouraged and sell at the wrong time.
Before I start investing I asked a friend if fundamentals was the way to go. He said look at Enron the fundamentals were great until the company heads were indicted. Investing always risky. I am not a long in any stock. At best a swing investor. Will day trade if the right news comes up and play the quick ups and downs. I like fitx do believe they are making great headway's. However, putting a company together and selling the product are two different things. Look at ESPH great product not great sales. Yet Fitx is on the ground floor of this sector. Thanks again for your posts.
I like the fact you say good luck. But you are right. I would add everyone's personality is different. Not that you do not evaluate a stock but after doing so where do you feel comfortable.
It looks like I will probably sell on the license news and buy back. I will day trade this 2 or three times.
Everyone has their own investment style. Yes you could buy in when the license comes and still make money. Buying on the news as opposed to holding is a strategy thanks for your information. But remember PR is part of any stock going up.
Confused. No reason to be confused. We need PR demonstrating we have people who can assure MJ and plant are secure. Key Li censures.
Compliance Development
Successful facility developments with USP 797, Iso-Class Certifications 1-5, cGMP pharmaceutical manufacturing, state licensures for development and dispensing of pharmaceuticals.
Established medical population base in 42 states & development compliant workflow systems, I.T. systems, & development & dispensing of over 3400 formulations customized to specified disease states.
I am sorry Richard I was confused now I see what you mean. Thanks
Honestly I don't know that is why I asked you, you have answered I accept. Thanks for your reply.
Once again wouldn't you want to do the audit after the license for an increase in value?
Interesting Article
Uncertainty dominates new hemp market
Uncertainty dominates new hemp market as farmers struggled to get seeds from abroad
Associated Press By Kristen Wyatt and Bruce Schreiner, Associated Press
3 hours ago
Uncertainty dominates new hemp market
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In this May 19, 2014 photo, a farmer holds a handful of hemp seeds, on a day of planting in Sterling, Colo. Marijuana’s square cousin, industrial hemp, has come out of the black market and is now legal for farmers to cultivate, opening up a new and potentially lucrative market. (AP Photo/Kristen Wyatt)
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STERLING, Colo. (AP) -- Marijuana's square cousin, industrial hemp, has come out of the black market and is now legal for farmers to cultivate, opening up a new lucrative market. That was the idea, anyway.
Would-be hemp farmers are having mixed success navigating red tape on everything from seed acquisition to processing the finished plant. It will take years, farmers and regulators agree, before there's a viable market for hemp.
Hemp is prized for oils, seeds and fiber, but its production was prohibited for five decades because the plant can be manipulated to enhance a psychoactive chemical, THC, making the drug marijuana.
The Farm Bill enacted this year ended decades of required federal permission to raise hemp, but only with state permission and checks to make sure the hemp doesn't contain too much THC.
Fifteen states have removed barriers to hemp production, though only two states are forging ahead this year — Colorado and Kentucky. Both struggled to get their nascent hemp industries off the ground.
"We're just going to try and see if this works," said Jim Brammer, a Colorado alfafa and hay farmer who acquired one of the state's 114 licenses to raise hemp.
Brammer agreed to let activists try the crop on a single acre of land in exchange for a cut of the proceeds, if any materialize. He's not optimistic. "If it comes in nice, then great. If not, then at least we tried something new," Brammer said.
A 2013 report by the Congressional Research Service pegged hemp imports at $11.5 million in 2011, a tiny sum relative to other imported crops. That study concluded that despite an ardent fan base and a market activists peg at about $100 million a year, "the world market for hemp products remains relatively small."
And U.S. farmers won't even be able to tap that small market without federal authorities removing barriers to seed acquisition.
Kentucky's first industrial hemp plantings were delayed for much of May, when federal authorities ordered nearly 300 pounds of hemp seeds from Italy detained by U.S. customs officials in Louisville.
State agriculture authorities sued the Justice Department, the Drug Enforcement Administration, U.S. Customs and Border Protection and Attorney General Eric Holder to seek the seeds. DEA eventually relented, issuing a permit to allow limited hemp plantings for research in Kentucky.
Back in Colorado, there's been no federal help acquiring seeds, despite a letter from Gov. John Hickenlooper this year requesting permission to import Canadian hemp seeds. Instead, Colorado authorities are taking a don't-ask-don't-tell approach.
Brammer got his seeds from hemp-legalization activists who won't say where they got them. Colorado farmers without such a connection are either buying black-market seeds for as much as $10 each, or giving up entirely on growing hemp for now.
"I don't have an ounce of seed and I'm not going to the black market to get it," said John Lappart, who grows wheat and millet in Holyoke, Colorado, near the Nebraska border. Lappart was awarded a hemp-cultivation license and planned to try the crop on 8 acres, but he abandoned the idea.
Seed acquisition is just the first problem, Lappart said. He wasn't sure how he'd get the hemp seeds pressed for oil, or what he'd do with the fibrous parts of the plant.
Brammer is far from confident his hemp experiment will be worth the trouble.
He's surrounding his crop with a 5-foot buffer of sudangrass, a tall-growing cover crop intended to hide the hemp from curious passers-by. The hemp activists are working to acquire a pressing machine from Germany to process the seeds into oil. If the presser doesn't materialize, Brammer said with a wry smile, his hemp experiment might be over soon after it began.
"If it's not sold, we'll just grind it up, feed it to the cattle, I guess," Brammer said.
___
Schreiner reported from Louisville, Kentucky.
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Morley thanks for your reply. As many ideas on a company for the need of a product can help in our evaluation if the company has good management.
Key is what are the grants worth and how much will the trials be expended. All we need is one good one.
My question to you is it better to do an audit after the license since the value of the company will increase? What are your thoughts. Reason I ask is not the audit related to an up listing?
Once again thanks for your intelligent and informative posts. I feel the best deal for Fitx initially is hemp. Thanks again and read the my post from a hemp article. Thanks again.
Ben Droz Become a fan
Hemp Policy Consultant
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Making History This Week With Hemp
Posted: 06/06/2014 5:23 am EDT Updated: 06/06/2014 2:59 pm EDT Print Article
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Industrial Hemp has emerged somewhat quietly yet increasing quickly as an issue across the country over the past several years. For American consumers, Hemp has gone from rope and burlap to a wide variety of new products from high protein superfoods to building materials for homes. This week marks the 5th annual Hemp History Week, a national education campaign to bring to light the amazing benefits of hemp, and the amazingly ludicrous policy an overreaching U.S. Government continues to enforce. This year there are over 1,300 events nationwide, held at grocery stores, restaurants and community spaces.
Members of Congress have certainly taken note of this, and everything has been growing so much that the past two weeks has seen more activity in Congress with hemp than the entire decade combined. Last week, the House of Representatives voted to support not one, but two bipartisan amendments. and both passed with overwhelming bipartisan support. Yesterday, hemp language was debated in Senate, where the Appropriations committee again voted overwhelmingly to support industrial hemp research. In Congress these days, it's hard to get anything done on a bipartisan basis. How did industrial hemp manage to get so far so fast?
The paving of this new road began last year, during the tedious process to pass a comprehensive, bipartisan farm bill. While controversy over the SNAP program raged, a short bipartisan amendment was filed as the "Legitimacy of Industrial Hemp Research". This amendment, which defined industrial hemp for the first time, was also the first time hemp had been brought to the House floor. But what was surprising, was that the amendment didn't just pass, it passed with with the strong bipartisan support of 225 members of Congress.
In the Conference Committee, this language was quietly being expanded, to allow not only Universities, but also State Departments of Agriculture to oversee licensed research and pilot programs. This expansion means that farmers and businesses can participate in the research, and signed into law at the beginning of 2014.
The Kentucky Department of Agriculture (KDA), lead by Jamie Comer, acted immediately to implement these programs. They licensed several projects and worked out all of the rules and regulations. All was going as planned and authorized by law -- until just a few weeks ago when the Drug Enforcement Administration seized 250 pounds of the agricultural hemp seed. This move by the DEA has been criticized as a waste of taxpayer funds and even an unlawful, and lead to tense negotiations between State and Federal officials. With deadline for planting season quickly approaching, the KDA had to file a lawsuit against the DEA to retrieve the seed.
The DEA has since released the seed under a temporary agreement, but whether the DEA is breaking the law is up for debate. Last week Congressman Thomas Massie (R-KY) and Congresswoman Bonamici (D-OR) each introduced amendments to limit DEA funding. Both of them passed with overwhelming bipartisan support, (246 - 162, 237- 170, respectively) surprising everyone hemp industry insiders and congressional staffers alike. The House vote then set the stage for the Senate, and the drama played out yesterday morning just after 10 am.
A back and forth between several Senators lead to a strongly bipartisan vote of 22-8, which solidifies the intent of Congress as opening the door for industrial hemp research to begin immediately.
This week, tens of thousands of people across the country are celebrating the history of hemp farming and learning about the benefits and opportunities it could bring now. Here in Washington, DC, Congress is simultaneously making history, by passing bipartisan, carbon-reducing, cut spending legislation that actually makes perfect sense. This isn't just a bill -- it illustrates a special moment, when Congress put all partisan politic and campaign contributions aside, to agree to move forward to build a new American industry.
Follow Ben Droz on Twitter: www.twitter.com/bendroz
MORE: Hempweek Marijuana Amendment Thomas Massie Mitch McConnell Hemp Appropriations Jeff Merkley Suzanne Bonamici Vote Hemp Jamie Comer Kentucky Hemp Hempamendment
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Government's Marijuana Contract Open for Bids, But Nobody Reaches For It
By Debra Borchardt
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NEW YORK (MainStreet) — The contract for growing marijuana for the U.S. government is up for renewal, and it will be closely watched as the government likes to protect this monopoly. For 30 years, the University of Mississippi has been the sole provider of cannabis for government sanctioned marijuana research. That could change.
The contract comes up for renewal every five years and on May 29, the government posted a new request for proposals. Previously the contract amounts weren't significant, but with the increasing demand for study material, the National Institute of Drug Abuse, or NIDA, increased the quota to 46 pounds. NIDA decides who gets government grown marijuana for research.
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The Drug Enforcement Agency has come under fire for creating the monopoly under NIDA and awarding the contract to only one supplier. The group cites the UN's Single Convention on Narcotic Drugs from 1961 as the reason why only one supplier is approved. The convention requires each nation to designate a single official source of marijuana. However, paragraph 2(b) of Article 29 of the Protocol states that a country " ..ensure that the manufacture of drugs, their salts and preparations is restricted to as small a number of establishments and premises as practicable." That language seems to permit a few suppliers, not just one necessarily.
There are over 700 registered growers for medicinal marijuana in the state of Colorado alone that could bid on this contract. Not to mention public companies like Cannabis Sciences that might want to become a major marijuana supplier to the government. You would think that they would jump at the chance to be the nation's supplier, but that isn't the case.
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From Arou
I can guarantee that once medicinal MJ catches on there will be clinics that prescribe MJ. Make no mistake about it. Here in the US there are all kinds of clinics they prescribe Oxycontin and do quite well.
Excellent information, maybe with more and more hemp fields car could be a reality. Thanks a lot.
First things first license. No other way everything after that is icing on the cake. Thanks for the reply.
We need hemp contracts, up listing news, and some research or grant news.
I believe your correct because if there is something wrong they will tell you right there. Sounds par for the course. Hopefully very soon.
Very appreciated and be and stay blessed in all you do.
Clearly they moved on from the past. The waiting period is very frustrating. However, at some point waiting is an integral part of investing. IE Waiting for drug approval from FDA after years and millions have been spent. Thank you.
No doubt the delay or apparent delay is very upsetting. We all know what the license means. Thanks for your reply.
Lets hang in the now. License is what we are awaiting the rest is talk.
No corporation can stay stagnant. I realize now they are going for two areas for license. That's is great if they get it. But remember this sector is wracked with companies like phot and cann which could be suspended at any time. I believe Fitx has adopted via board to make the most legitimate attempt of all to be a strong viable company. Fitx can notice HC but it is up to them to come out. However, once we get the license we see how hard it is and that by itself will make this company more valuable.
The addition of new people I believe will give Fitx credibility. However, license will give them a company. The combination of the two, the people and license is a dead ring winger.
I believe the perception is "they are not there yet." Which is in a sense true. Therefore all the good work done is being mitigated by the waiting period and news on other MJs. In law there is saying delay is the defense best witness, in stocks it represents an uncertain period. That is what is now not helping this stock reach its true value.
I would just say again License is the company. Once that is acquired we are on our way. We need more news if license does not come right away. I am now extending time to June 29.2014. Within that frame we should hear something. Also we are getting two properties inspected a double whammy. But you are right in the sense investors will lose momentum and the stock will go lower.
I do believe investors want in on MJ stocks but as of yet do not know what to pick. When license comes Fitx could be the winner all the way around. We then would have our foot in MJ and Hemp. We are the company but MUST GET LICENSE SOON.
According to the news release today which I anticipated are they saying the inspectors have not arrived on either site.
The license will not only allow them to make money but will credibility to a sector hurt by suspensions. We will then have the necessary credibility for potential investors.
If they are zone for the building they want inspected and it passes inspection then I feel they should be given a license. Once again I do not know the law. Otherwise are you saying they cannot build piecemeal? In short they have to build all four buildings before they get a license On the other hand you bring up an interesting point since security is the issue does the license apply only to that one building or do they need a license for each individual building since security must be proven. ??
I see what your saying. I do believe once license is issued will be easier for them to get what they need re zoning. Right now we are just hopeful. No license no reason to change zoning. I do not know the law in Canada and therefore I cannot competently quote on zoning. Thanks for the reply.
Exactly. Yes I look at the fundamentals but most of what I follow are what I consider to be the reasonable implications of the news and what it means to potential investors. It is a form of Behavioral Economics. This area of Economics which you may already know was developed because the Mathematical Models to predict were not accurate. So yes I have nothing to offer but how I read the news and what I feel others will also read into it.