There was a time cannabis stories appeared only in the “Police Blotter” section of the newspaper. Today cannabis stories are regularly in the “Business” section of the news, regardless of medium. Are you currently investing in cannabis’ bright future, or just in the cannabis itself?
Creative Edge Nutrition (FITX), company that makes of work-out supplement Aminoplex, acquired Hemp Technologies for $15 million shares and a $4 million cash commitment over two years.
“Once we complete restructuring of Hemp Technologies we will apply for a license to grow hemp,” said Bill Chaaban, president of Creative Edge Nutrition. “The seeds are going to be an issue, because the U.S. doesn’t have a seed bank. There are seed banks in Canada and the Netherlands, but we have to import the seeds and pick the ones that will grow in the climate and soil that make up the U.S.”
. . .
“We intend to utilize hemp for the extraction of CBDs where allowed by law,” Chaaban explained. Known as cannabidiols, CBDs are one of at least sixty active cannabinoids in the marijuana plant that includes tetrahydrocannabinol (THC). “The cannabis industry is just starting too boom so it makes sense that small players are merging in an attempt to capture the lion’s share of this upcoming sector.”
There’s more to this story HERE.
And, to demonstrate that business for re-legalized cannabis will be just business . . .
Advanced Cannabis Solutions (OTC: CANN) has been suspended by the Securities and Exchange Commission pending an investigation until April 9, 2014. The press release issued by the SEC explains its suspension being justified in that it “appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Advanced Cannabis Solutions, Inc.”
The suspension notice was news to ACS. According to company spokesperson and Director of Operations Scott Peters yesterday.
A less than happy story but the original post is HERE.
[image: Google images “business”]