Creative Edge Nutrition Inc. (OTCMKTS:FITX) Plunges Into The Red

Ever since the end of the impressive climb that Creative Edge Nutrition Inc. (OTCMKTS:FITX) started on April 16, the company had fluctuated around $0.09. That changed yesterday, when FITX lost no less than 6.46% of its share prices to market instability.

Some traders have come to believe that the marijuana stock market has become more stable, just because sector-wide crashes and surges have become less frequent in the last few weeks. In depth research shows that the opposite is true – the market is just as volatile as ever, and the money of marijuana stock investors is in just as much danger as before. The fickle market can still slam a ticker down for no apparent reason, and FITX‘s latest fall can testify to that.

Admittedly, in FITX‘s case, there wasn’t much holding the company up in the first place. The latest big news that got it going was the announcement, that it had parted with 25% of CEN Biotech, the subsidiary that carries out the marijuana growing operations of FITX, in return for $20 million. Seeing as how there’s no official filing on the matter nearly a month later, it is understandable why investors could feel uncertain about the wole thing.

The 10-Q for the period ended March 31 that should be out by tomorrow should, by all rights, provide more details on the matter. It should also show whether FITX has taken advantage of the ample opportunities the green rush has provided it with, or not.

If said report shows better results than the last one, the company may end up heading skyward in to time. However, if it turns out as mediocre as everything FITX has given investors so far, the company may be in for a ride in the red.

In other news on the marijuana market, Terra Tech Corp. (OTCMKTS:TRTC) and Tranzbyte Corp. (OTCMKTS:ERBB) remained steady as rocks in yesterday’s session.