Replies to post #122117 on Creative Edge Nutrition Inc (FITX)

[newmedman]

Interesting... I wonder how Billy comes up with his 5 billion annual estimates?

If Tweed reaches its capacity, Tweed co-founder and chief executive Chuck Rifici points out, it will become a $100-million-a-year operation. That’s a rarity among Ottawa-area startups.

Plenty can go wrong, of course: Health Canada could license many more producers, some of which could become more competitive. The government could introduce regulations that crimp growth. Physicians could balk at writing prescriptions.

Then Billy selling chunks of the company for financing while the other guys created a shareholder base.

And Tweed now has lots of it. On April 24, the company said it had raised $15 million by selling 4.7 million shares at $3.20 each. During the previous seven months, Tweed had secured nearly $14 million in eight private transactions.

It also looks like Billy isn't going to be the only one to supply the world, lol.

Tweed also has its eye on the longer horizon, both as a potential consolidator in the industry and an exporter. As a public firm, it has the option of offering shares to acquire competitors in Canada. The export market is constrained by regulators, of course. It can only sell to countries in which medical marijuana is legal — and, though a number of states have legalized pot outright (Colorado for instance) or medicinal weed, the U.S. federal government still considers it a banned substance.

From the looks of that operation CenBio is light years behind the rest.

Tweed lists 23 marijuana variants in its online store, although the company expects to have more than 80 available later this year. For the moment, the strains range in price from $5 per gram (for the product called Buddy, also known as L.A. Confidential) to $12 (for Clearwater, or Kali Mist).

Tweed was able to vastly expand its product portfolio during the transition period leading up to the April 1 changeover in rules favouring commercial suppliers.

With approval from Health Canada, Tweed employees criss-crossed the country purchasing seeds and plant materials from home-based growers.

The company’s master grower, Ryan Douglas, is developing these and other strains into Tweed’s product mix.

There’s still plenty of room for expansion on the existing lease, which covers nearly 40 per cent of the 43,000-square-metre (470,000-square-foot) former Hershey plant.

That’s enough for 30 growing rooms with an overall capacity of 15 million grams annually.

Good luck Billy Brag.

[globaldata77]

Excellent article and pictures. If TWEE# has no problem showing it's operations I don't understand why FITX is so secretive.

That grow facility looked like an operating room. Very impressive.

FITX has a lot of catching up to do.

Very exciting times in this sector with a couple of companies.

I am beginning to wonder if FITX will even join the race.

GLTA