Creative Edge Nutrition, Inc. (OTCMKTS:FITX) Slides Post ArcView Presentation

With the ArcView investor conference now in the past, the share price of Creative Edge Nutrition, Inc. (OTCMKTS:FITX) was supposed to catch a nice boost but things didn’t quite play out that way. FITX dropped 15% instead, moving 202 million shares over the session.

All eyes were focused on how FITX performs at ArcView, the marijuana-focused investor meet where businesses pitch their ideas and seek funding. A short video slice of the FITX presentation was put up on Youtube but it was met with a lot less excitement that expected.

The general reaction in comments both under the video and on the Facebook page of the company was one of disappointment with the delivery of the presentation and lack of any substantial news, barring an announced pairing with Growlife, Inc. (OTCBB:PHOT) to work on FITX‘s CGMP facility. PHOT and FITX joining forces was more or less announced several days ago. The Facebook page of the company, which seems to be used as the main informational outlet instead of a more traditional and sensible press release approach, further informed that the company basically had to heavily alter its presentation in order not to ‘divulge competitive trade secrets’.

The main cause for dissatisfaction with the ArcView FITX presentation is the deflating tone in which it was delivered and the fact that it was altered simply because a competitive company presented first. As one investor commented, this sort of action doesn’t seem appropriate for a company that believes it will be a multi-billion dollar business soon.

The company is also using its Facebook page to generate hype, throwing largely unexplained touts that things of monumental importance are taking place and current events, whatever those may be, will go down in the company’s history. This sort of attitude casts an unfavorable light on FITX, as a company that’s busy blowing its own horn instead of working towards its goals and providing shareholders with actual, meaningful feedback.

Among other marijuana penny movers, Medical Marijuana, Inc. (OTCMKTS:MJNA) managed to become the most heavily traded green leaf stock once again. The ticker closed nearly 15% up on what’s possibly aftershocks from its expected Q4 results announcement.