Creative Edge Nutrition, Inc. (OTCMKTS:FITX)’s Bounce Continues

In spite of the lack of developments since its Lakeshore stumble, Creative Edge Nutrition, Inc. (OTCMKTS:FITX) managed to make another leap yesterday, making this its third double-digit green session in a row.

FITX enthusiasts are now pumping themselves up as the ticker shoots back to its pre-crash high. Indeed, opportunistic traders looking to make some quick money out of this stock have every reason to cheer – although the volumes aren’t what they were in the hottest days of marijuana trading, three consecutive jumps of 27.22%, 26.87% and 17.65%, respectively, certainly constitute an impressive climb. However, do investors really have all that much cause for joy?

Currently, FITX stock prices are moving decisively up, but there is absolutely no guarantee that this state of developments will continue as tile goes on, because of the company’s zoning problem. As we mentioned in an earlier article, company representatives reportedly stated that FITX does not rule out moving operations entirely and setting up shop in a nearby town. Seeing as how FITX took the time to explain that moving camp is no big deal, it should be safe to assume that a move is not only possible, but that at this point in time FITX management thinks that it is very probable indeed.

How long moving the facility will take, should that become necessary, is anybody’s guess, but consider this – it took FITX almost a year and a ton of cash to build the current facility and to get Health Canada to give it a pre-license inspection. While this was happening FITX stock prices were hanging in the balance and the charts were, more often than not, painted red.

The company is now in danger of repeating that process all over again.