A publicly traded, Madison Heights-based company has set up a subsidiary just across the Canadian border to grow and sell 1.3 million pounds of marijuana a year.
Creative Edge Nutrition Inc., a nutritional supplement company that sells products for the likes of weight loss and energy boosting, formed CEN Biotech Inc. in Lakeshore, Ontario, just outside Windsor, to take advantage of the increasingly legal market for marijuana.
Canadian federal regulator Health Canada operates a system for providing medical marijuana to patients with prescriptions from doctors. CEN Biotech expects to receive approval to become a direct provider to patients through the system in April or May, said Creative Edge President and CEO Bill Chabaan. … Full article at crainsdetroit.com
— Crain’s Detroit Business, Jan. 12, 2014 (Copyright control)