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Lakewood Town Council Opposing Creative Edge’s Operations

Monday, 29 September 2014 08:46 AM

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News that the Lakewood Town Council and some residents of the Ontario municipality are bitterly opposing the operation of Creative Edge Nutrition Inc. (OTCPINK: FITX) in their town is bad news for the medical-marijuana company’s shareholders.

In an open letter released Sept. 24, Creative Edge outlined its displeasure with the town’s leadership.

Here’s an excerpt:

"With regards to recent, unfortunate events pertaining to Council with the Town of Lakeshore, and some select residents in the community, it has come to our attention that the shareholders of FITX are being depreciated of their right to freedom of economic interference in our operation.

These select individuals have attempted to paint FITX and our facilities in a false light, leading to a brief loss of support of our great company, and our vision to support the economic growth of not only the town, but also the municipality, the province and the country.

Our shareholders have expressed their disappointment through all available channels in the last 24 hours, and we feel a need to respond to everyone whom has supported us thus far. A business they have invested in is under attack, not only by these select individuals that have had months, if not years to properly address any concerns, is disheartening to say the least as they choose unpopular techniques to dissuade the local and global community.."

Rumors of Imminent Licensing 

Despite all of this, some Creative Edge shareholders are hanging their hats on unconfirmed rumors that the company is about to announce that it has been granted a license by Health Canada.

They base their hopes on the fact that Creative Edge has postponed a meeting it had scheduled with an Ontario neighborhood where it has a facility to Oct.23.  We’ll just have to see if there is any truth behind this speculation, but some observers seriously doubt it.

On Sept. 26, FITX’s share price closed at 0.0514 cents, down 0.0036 cents, or 6.55%, from the previous day’s close of 0.055 cents.  

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Dewmar International BMC Inc. Stock Volume Soars On News of Strong Quarter

Dewmar International BMC Inc. (OTCPINK: DEWM) stock volume shot through the roof Sept. 26, with 43.4 million shares changing hands, more than 5 times its 30-day volume of 8.2 million shares.

The Clinton, Miss.-based brand-management company’s share value also increased by 37.50 %, closing at 0.0022 cents, up 0.0006 cents, or (37.50%) from the previous day’s close of 0.0016 cents.  

The sudden uptick in volume and value is being spurred by the positive numbers on the company’s latest quarterly report, covering the period ending Mar. 31.

Positive Quarter Results

Here’s an excerpt from Dewmar’s Sept. 26 press release:

The company had preliminary results of a minimum of 604% increase in online sales revenue for the three months ended Mar. 31, 2014 as compared to the quarter ended Mar. 31, 2013.

This significant rise in online sales revenue is due, to an extent, to the increase in brand awareness and consumer demand for Lean Slow Motion Potion(TM). Dewmar has seen positive preliminary revenue indicators for Q1, 2014 in every aspect of its business. The company has seen a distinctly sharp percentage increase in product sales on Amazon.com.

Dewmar was selected for the 2013 Mississippi Excellence in Manufacturing Award by the U.S. Trade and Commerce Institute (USTCI). Dewmar was honored as it consistently demonstrated a high regard for upholding business ethics and company values."

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High Performance Beverage Enjoying Slight Uptick

High Performance Beverage Co. (OTCPink: TBEV) enjoyed robust stock volume Sept. 25, with 126 million shares changing hands, significantly higher than its 30-day average volume of 81.4 million.

According to some analysts, this upward blip is due to the residual effect of a recent announcement that the company has obtained $1.5 million dollars in private placement financing.

$1.5 Private Placement

According to High Performance Beverage, the $1.5 million will come in the form of 3 separate payouts of $500,000 over the next several months as the company implements its core business model which will also include the introduction of additional beverage flavors and potential trend beverage mixtures throughout the year.

The company still plans in putting its Throwdown High Performance drink into full production for a dual coast distribution during the month of October 2014.

On Sept. 26, TBEV’s share price closed at 0.0008 cents, up 0.0001 cents, or 14.29%, from the previous day’s close of 0.0007 cents.  

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Minerco Resources Inc. Starts Selling Its Beverages to Southern California Walgreens

Minerco Resources Inc. (OTCQB: MINE) stock volume and value traded flat Sept. 26, with its share price closing at 1 cent, unchanged from the previous day’s close, on volume of 26.6 million shares.

The company has been relatively quiet lately, expect for a recent announcement that it had scheduled delivery of its functional sparkling water line, VitaminFIZZ(R), to Walgreens stores in Southern California starting the week of Sept. 29, 2014.

Walgreens has approximately 300 locations in the Southern California region.

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