MADISON HEIGHTS, MI / ACCESSWIRE / June 27, 2014 / Creative Edge Nutrition, Inc. (OTC Pink: FITX) (PINKSHEETS: FITX), today announced that it entered into a Joint Venture with RXNB Inc. to offer exclusive marijuana liabilities insurance for North America.
After strategic developments and acquisitions of a key insurance brokerage firm, RXNB Inc. launches The Wellness Medical Protection Group with a niche focus in medicinal marijuana insurance in collaboration with Creative Edge Nutrition, Inc.
This joint venture focuses on the offering of medicinal marijuana insurance for licensed producers, dispensaries, grow facilities and even the medicinal marijuana prescriber.
"We believe at this very critical time in the industry, there must be insurance and asset protection available. This joint venture will allow us to offer the medicinal marijuana industry the freedom to practice legitimately," stated President and CEO Bill Chaaban.
Under the joint venture agreement, Creative Edge Nutrition, Inc. and RXNB Inc. will offer medicinal marijuana coverage for the grow and harvest of product, extracts, the facility, the landlord, the dispensary and the medicinal prescriber.
"We believe Wellness Medical Protection Group under our new president Ed Kuhn will provide an incredible opportunity for licensed prescribers and producers to take advantage of practicing responsibly with the comfort of liability coverage that is tailored to their practice," stated RXNB Inc. CEO Dr. Sam Alawieh.
Ed Kuhn, The Wellness Medical Protection Group president has serviced niche markets and tailored insurance coverage for over a decade and has been an asset in representing coverage in the emerging pharmaceutical industry. "I'm excited to be a part of this opportunity and look forward to helping many people in the industry understand exactly what they need to protect their business under our new business solution Cannaprotect."
Mr. Chaaban continues, "Ed and his team will be an asset for this venture's success and I am confident that their success in prior emerging market industries will allow them to rise above the challenges of protection and coverage the industry continues to face today."
About CEN Biotech
CEN Biotech, Inc. was established in 2013 as a partially owned subsidiary of Creative Edge Nutrition (OTC Pink: FITX) (PINKSHEETS: FITX) for the sole purpose of supplying the Canadian public with pharmaceutical-grade medical cannabis under the newly established Marihuana for Medical Purposes Regulations (MMPR). CEN Biotech Inc. has submitted a comprehensive application to become a licensed producer (LP) of dried marihuana for medicinal purposes and has received a ready-to-build approval from Health Canada.
http://www.cenbiotechinc.com
About Creative Edge Nutrition, Inc.
Creative Edge Nutrition is a holding company and a Nutritional Supplement Company focused on developing innovative, high quality supplements. The company offers a broad spectrum of capsules, tablets, and powders, as well as science based products in the principal categories of weight management, nutrition challenges, energy and fitness. The Company manufactures under strict GMP guidelines at GMP Certified and/or FDA registered facilities. http://www.cenergynutrition.com and https://www.facebook.com/CenergyNutrition
Contact:
FOR INVESTOR RELATIONS
William Swalm
(212) 584-4342
Source: Creative Edge Nutrition, Inc.