Creative Edge Nutrition Inc (FITX)

[mick]

excerpt #5 - CANADA/new rules 04/01/14, Health Canada is predicting that the amount of users of medical marijuana .

http://investorshub.advfn.com/boards/post_reply.aspx?message_id=98886358

reading below only ah handful will get license.

April 1st a new law will be adopted in Canada. Health Canada
The medical marijuana industry will be going legitimate.

limits on full scale production / licenses? no exporting?
from canada?
There are likely several hundred applicants in Canada trying to become legal growers under the government's new law. However, Canada may only need a dozen full-scale operations to service the entire country's demand (and this isn't a product that can be exported, so the market potential is limited to Canada.)

the majority of applicants simply won't have the means to raise enough capital to construct a large enough commercial grow operation. The government does not want hundreds of small growers supplying the entire country.

It's too hard to regulate that way and this created illegal distribution in the past. The government wants large-scale operations that are efficient and well-funded. They want these grow operations to be ran by business people. This is why we have seen public companies enter this sector.

Financial Backing

Which industry is efficient at raising several million dollars, for risky ventures, in a relatively short period of time? The public markets - particularly Canada's junior speculative market. Surely the government, before granting licenses to grow on a large scale, will require proof of funding for the operation.