A source close to the matter told The Globe and Mail the move came at the insistence of 5WPR, after the firm learned Creative Edge had issued press releases under its name, but without its knowledge or approval. Marketwired said it was contacted by Creative Edge to remove the references to the New York firm, but gave no further information.
Creative Edge is a Michigan-based company that is seeking to become Canada’s largest grower of #$%$ through its Ontario subsidiary CEN Biotech. Its application to open “the world’s largest” marijuana production facility in Lakeshore, Ont. is currently being evaluated by Health Canada.
However, there are mounting concerns over the company’s conduct, including numerous misrepresentations made by Creative Edge and CEN Biotech, as well as a large number of insider stock sales by chief executive officer Bill Chaaban over the past year
Creative Edge Nutrition, the company seeking to become Canada’s largest producer of #$%$, has been dropped by its investor relations firm due to concerns over improper press releases issued to the markets.
The news release service Marketwired quietly reissued two press releases by Creative Edge Nutrition on Wednesday, removing the phone number for New York communications firm 5WPR as the investor relations contact, and removing the name of William Swalm as the spokesman for the company. In a separate move, 5WPR also removed Creative Edge from a list of clients on its website.