Replies to post #108643 on Creative Edge Nutrition Inc (FITX)

[Imnotsmart]

In construction the LANDLORD (Bills cousin) name goes on any permit for a NEW structure that is to be built on HIS PROPERTY!! Ok is that clear enough??? Lets put that to rest PLEASE.

WITH THAT SAID any other permit meaning a "build out" or "fit out" would go in the name of a LICENSED CONTRACTOR!! On the permit should also be the name of the COMPANY that the contractor is building for.

WITH THAT SAID is it happening? I guess you either believe it is or you don't. Their is a definitive line in the sand. Pic a side a stand there.

[Tiresias]

FYI the company has a Federal Corporate Charter in Canada. First thing I checked. The registered address for the coporation is the address of the construction.

Corporations Canada
Federal Corporation Information - 8598703
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Corporation Number
8598703Business Number (BN)
802176131RC0001 Governing Legislation
Canada Business Corporations Act - 2013-08-04 Corporate Name
CEN Biotech Inc. Status
Active

there is a second entry as well

Corporation Number
8598703Business Number (BN)
802176131RC0001 Governing Legislation
Canada Business Corporations Act - 2013-08-04 Corporate Name
CEN Biotech Inc. Status
Active
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Registered Office Address
20 north rear rd
lakeshore ON N0R 1K0
Canada

CEN BIOTECH II INC.
Status: Active
Corporation Number: 883657-4
Business Number: 809567639RC0001 2.CEN Biotech Inc.
Status: Active
Corporation Number: 859870-3
Business Number: 802176131RC0001

[Dr. Johnny Fever]

At the risk of fomenting even more negativity on this board, I will say that I think you are drawing the wrong conclusion regarding the Agricultural Storage Facility valued at $900,000 vs. $12 mil. I suspect that the smaller, original building (building 1) is the building worth $900,000. The $12 mil facility is the one currently under construction. Furthermore, apparently this company is able to legally conduct business in Canada, because the Town Council of Lakeshore was made fully aware of CEN Biotech's intentions in Lakeshore in November of last year, as listed in a statement from Mr. Steve Salmons.

In the statement, the first section, headed as "Background", briefly describes the Canadian Government's 2012 decision to change its laws regarding medical marijuana (or marihuana, for the sake of our Canadian brothers and sisters). The "Background" finishes with this statement:

"Lakeshore has been notified by CEN Biotech Inc that it has applied to [H]ealth Canada for a license in Lakeshore (as required by the new regulations)"

The next section in these minutes, entitled "Comments", gets straight to the point:

[begin quote]
"The proposed location is at Manning and North Rear Road (south of the OPP detachment at [M]anning and 401). It has the correct zoning.

The site is zoned "Agricultural Use- Value Added" that provides an accessory use for processing and refining agricultural product to a final retail product. The final retail product shall primarily consist of inputs produced on the farm.

The proponent has applied to construct a 58,000 s.q. steel barn to grow and process the plants. There is also a fencing application to secure the facility. In a meeting with the proponents, they explained that there would be a number of sophisticated security measures in addition to air filtration to remove vapors and odors.

The application is currently in progress." [end quote]

For the benefit of fellow investors and interested parties, please do not take my word for it. You can find the minutes here:

http://weblink8.lakeshore.ca/WebLink8/DocView.aspx?id=9666&dbid=1

Or, if this link doesn't work for you, then try this link to the Town of Lakeshore - Agendas,...

http://www.townoflakeshore.on.ca/lakeshore_1?page=62#minutes

and then click on "Council Minutes", then select the folder for 2013 Agendas, then select the folder for "November 12, 2013 - Regular Council Meeting", then go to page 31.

Or, if all of that doesn't work, go to this link:

http://www.townoflakeshore.on.ca/

and click on the "Search Bylaws & Council Agendas/Meeting" button on the quick links menu in the middle of the page, and proceed accordingly.

The point is that CEN Biotech made efforts to be both transparent AND forthcoming about their intentions in Lakeshore, as is obvious in the Council's record of minutes from November 12, 2013. Thus, we can confidently conclude that the Council, and by extension, the town, have understood for over 5 months what CEN Biotech's intentions in Lakeshore are.

My concern is a lack of any proper financial reporting. Therein lies possible disaster. If Mr. Chaaban and co. have taken any questionable liberties with shares, this could draw the SEC like bees to honey. I'm not suggesting that they have done so. I prefer to think that Mr. Chaaban is a highly intelligent individual with a firm grasp of both the laws governing publicly-traded companies, and of the enormous opportunity he has before him to create something enormously positive and to create enormous wealth for himself along the way.