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Re: deafelephant post# 58315

Wednesday, 01/15/2014 1:52:04 PM

Wednesday, January 15, 2014 1:52:04 PM

Post# of 194796
Notice the "if". It's an investment after all, that could pay us investors BIG, provided they meet certain conditions.

Windsor Essex Economic Development Corporation celebrates announcement with CEN Biotech.
CEN Biotech is investing $12-million in Lakeshore to build a medical marijuana grow and processing facility.

Health Canada has conditionally approved the facility and the company will now enter the build phase of the project. CEN Biotech expects to have the facility built by the end of May and harvest its first crop in the summer. If the company meets all of the conditions, it will be licensed to produce up to 1.3-million lbs of marijuana per year.

CEN Biotech expects to hire upwards of 50 people in various fields including horticulture, pharmacy and security.

“We intend to put up two security fences, 12 feet high, razor ribbon, you name it. It’s a significant investment in fencing, there will be cameras, night vision cameras, we’ll have security staff on staff 24/7,” says President Bill Chaaban.

Reporter Twitter @MRevaitNews Email Maureen Revait RELATED ITEMSCEN-BIOTECHHEALTH CANADAJAN. 7 2013LAKESHOREMEDICAL MARIJUANASECURITYWINDSOR-ESSEX

Maybe the CEO was being a little too adroit, who knows it's not a big deal. Also between all the media and statements there's bond to be some corrective statements. It's pinkie with the blessing of the government, not too shabby