Creative Edge Nutrition Inc (FITX)

[newmedman]

We have outlined three scenarios to project patient enrollment based on 5%, 10% and 13% MOM growth rates. If enrollment increases only 10% MOM and the MMPR patient population reaches almost 45,000 by the end of 2015, we estimate the industry could be generating revenue at an estimated annual run rate of $154 million (at 1.25 grams / patient / day and $7.50 / gram).

I wonder how FITX will manage to grow and sell a billion dollars worth of weed in a 150 million dollar market?

This part should also have people a bit concerned about Bill's amazing journey.

We have used a variety of public sources to outline proposed expansion plans by the following 13 LPs and our projections imply that Health Canada has licensed an adequate number of LPs for now and, as mentioned in previous reports, has slowed the granting process to focus on those already licensed. At first the application process was the main focus for Health Canada but we believe the regulator has now switched to focus on inspection and regulation of the LPs. Three of the four public LPs including Bedrocan (TSXV:BED), Organigram (TSXV:OGI) and Tweed (TSXV:TWD) have planned significant production capacity expansions in the next six months; we have approximated those numbers in Figure 3. If the market grows to 45,000 patients that require a combined total of 20,500 kg of MMJ per year, these three LPs alone could be capable of satisfying 70% of the market. Of the remaining nine LPs, eight of them are currently selling and four of those have expansion plans in place before the end of 2014. We acknowledge that these three big public LPs may not operate at full capacity right out of the gate but when combined with the anticipated expansions of other LPs, we believe that supply should be sufficient to stay ahead of demand.