Creative Edge seems like an apt name for a local business profiled in The Detroit News:
Creative Edge Nutrition Inc., based in Madison Heights, has purchased more than 10 acres near Windsor, and plans to build a 27,000-square-foot indoor pot farm to grow 1.3 million pounds of marijuana annually to sell in Canada, Israel and other countries that allow it. . . .
“We consider ourselves pioneers,” said Bill Chaaban, CEO of Creative Edge. “We intend to sell in every country we’ll be legally allowed to.”
Bill Chaaban announces his Oakland firm's new venture in Windsor last month. (Creative Edge Nutrition photo)
A subsidiary is erecting the hydroponic weed greenhouse, business writer Michael Martinez reports, "and is awaiting government approval to grow, sell and import/export marijuana" as soon as this summer. (See video below.)
The chief executive, whose company is publicly traded. estimates $5 billion in yearly sales with an 80% profit margin, The News says.
Chaaban said he expects to be licensed and produce his first batch of marijuana six to seven months from now. The company plans to raise 25-50 different strains. . . .
Chaaban said it’s a relief to be growing in a country with much more relaxed laws than in the U.S. “You don’t have to worry about the long arm of the law,” he said.
