Enertopia Corporation is a Canadian marijuana cultivator, producer, and seller. It currently has interests in three separate marijuana-growing facilities across the country.
One of these interests is in its joint venture with Lexaria Corp. The Lexaria Joint Venture has a cannabis production facility located in Burlington, Ontario, and Enertopia has 51% interest in this facility. It covers a total of 75,000 square feet, with planned production spaces having 22-foot ceilings.
Enertopia also has a joint venture agreement with the Regina, Saskatchewan-based The Green Canvas, Ltd. It has a plant-growing facility of which Enertopia may acquire up to 75%. The facility is scalable to 55,000 square feet and is undergoing upgrades for a 14,000-square foot production space. This will be compliant with Canada’s Marihuana for Medical Purposes Regulations (MMPR).
Finally, Enertopia is also in a joint venture with the company World of Marihuana Productions, Ltd. Its production space in Mission, BC covers 2,500 square feet. Enertopia may earn up to 51% of this facility’s revenue interest. This joint venture, however, is the subject of dispute (as of September 18, 2014) because World of Marihuana allegedly failed to provide some financial information.
Enertopia Corporation began in 2004 as Golden Aria Corporation, a company that delved in oil and gas energy. It became Enertopia in 2010.
The company is now listed as TOP in the Canadian Securities Exchange, and as ENRT in the US OTC markets. Its market cap is pegged at USD 5.79 M.
The top executives at Enertopia are CEO, President, and Chairman Robert G. McAllister; CFO and Principal Accounting Officer Baljinder Bhullar; Senior VP of Business Development Thomas Ihrke; Senior VP of Marijuana Operations Matthew Chadwick; and Advisor Robert Chadwick.
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