Creative Edge Nutrition Inc (FITX)

[r0und3r]

2/25/14 - Creative Edge Nutrition GrowLife announced that Organic Growth International, LLC (OGI), its joint venture with CANX USA, LLC, has entered into a series of agreements with CEN Biotech, Inc.

Creative Edge Nutrition, Inc. (PINKSHEETS:FITX) markets nutritional supplements geared toward sports enhancement and general well -being under the name CENERGY. FITX’s subsidiary, CEN Biotech, has moved into the medical marijuana business. Creative Edge Nutrition GrowLife announced that Organic Growth International, LLC (OGI), its joint venture with CANX USA, LLC, has entered into a series of agreements with CEN Biotech, Inc. GrowLife currently has a 45% ownership interest in OGI, with conditions under which it can gain majority interest. OGI facilitated a 25% equity position in CEN Biotech. In addition, GrowLife and its affiliates will serve as CEN Biotech's exclusive supplier of legal cannabis growing equipment for the entire term of the shared ownership, subject to certain limitations. The company is working on construction of a new facility. This production facility is expected to have the capacity to produce up to 1.3 million pounds of dried medical marijuana annually.


http://ih.advfn.com/p.php?pid=nmona&article=61207655