Creative Edge Nutrition, Inc. (OTC: FITX) FULL REPORT
Endexx Corporation will track and support through its M3 technology services up to 1.3 million pounds of Medical Marijuana annually for CEN Biotech, a division of Creative Edge Nutrition, Inc. Health Canada enacted in December 2013 new regulations for the production and distribution of medical marijuana for the Canadian market under the “Marihuana for Medical Purposes Regulations” (MMPR), setting the rules for licensed commercial producers to grow, process and distribute marijuana products directly to marijuana patients and medical providers.
MMRP outlines tracking, recording and reporting requirements, in relation to transactions, client registration, security, production and inventory that licensed producers need to meet for compliance.
M3Hub Seed to Sale Tracking platform is ready to enter the Canadian medical Marijuana market through a contractual agreement entered between Endexx and CEN Biotech, a division of Creative Edge Nutrition last November. CEN Biotech is expected to receive license to grow, and be able to export, up to 1.3M lbs. of marijuana products annually on a ten acre facility in Canada as of April 1, 2014.
Bill Chaaban, President & CEO of CEN Biotech, stated, “After canvassing the market of seed to sale software, we determined that the M3Hub Seed to Sale Tracking platform meets and exceeds the requirements as demanded by our facility and the governing regulatory authorities. These conclusions were made after carefully reviewing the screen shots and live demo of the software.”
M3Hub creates a web of traceable connections between all the critical touch points in the supply chain processes, tracking all activity from the origin of the seed to germination, cloning, nutrients, pesticide, fungicide, soil management, space conditioning, plant rotation, bud tending, “scrogging,” harvesting, drying, processing, packaging, shipping, receiving, and sale to the end user/patient.
M3Hub also integrates security monitoring, personnel ID verification, RFID and barcode technology. The features provide a level of compliance that exceeds government level requirements. The touch points are varied and complex and the M3Hub platform offers the quickest path for licensed producers to efficiency and compliance and gives them the tools to optimize quality control, yield, growth cycles, strain management, processing, packaging and client management.
The M3Hub supply chain management system is integrated seamlessly between growers, processors and retailers. As applied to the Seed to Sale cycle, M3Hub has been shown to increase overall process efficiencies and productivity by up to 40% through accelerated crop cycles, reduced labor costs, improved product quality, inventory control, process management, improved customer experience and regulatory compliance.
M3Hub system components have been utilized in the trucking and shipping industries, agriculture grow operations, pharmaceuticals, CRM and POS applications for the past 10 years. The systems have been customized to uniquely provide the controls necessary to manage all medical marijuana processes and features down to their smallest components and derivatives.
M3Hub plans to expand its collaboration efforts with producers in new legalized markets both in the US and internationally and develop Seed to Sale management solutions that are market specific, adaptable for international trade, scalable, secure and compliant and will ultimately provide standardization for the Cannabusiness Industry.
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