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.
Yahoo! Finance: ENRT News
Latest Financial News for ENRT
Enertopia Corporation (OTC: ENRT) (the "Company" or "Enertopia") provides the following update.
Enertopia Corporation (ENRT) on the OTC (the "Company" or "Enertopia") provides the following update.
Enertopia Corporation (ENRT) on the OTC (the "Company" or "Enertopia") is happy to provide the following update. Over the past month we have received questions about how things were progressing on our Clayton Valley, Nevada lithium project, and our efforts in the strategic review of clean energy business opportunities. At the Clayton Valley property, we have completed our preparations and continue testing of the enriched Lithium synthetic brine, utilizing the Lithium enriched claystone’s. Our current phase of testing is expected to be completed by the end of June, based on these results the next phase of testing would result in Ion-resin exchange work to further concentrate the lithium solutions we are currently creating from the Clayton Valley source rock.
Enertopia Corporation (ENRT) on the OTC (the "Company" or "Enertopia") expects to restart its lithium solution testing program in the coming weeks as COVID-19 work restrictions are relaxed and removed. The results are a synthetic lithium brine consistently showing the lowest contaminant levels to be processed compared to many other lithium projects today.
Enertopia Corporation (ENRT) on the OTC (the "Company" or "Enertopia") has filed its recent NI 43-101 Technical Report: “Lithium Claystone Resource Estimate, Clayton Valley, Esmeralda County, Nevada, USA” on its SEDAR Issuer Profile page. Enertopia provides the following maiden resource estimate at the Company’s lithium claystone property at Clayton Valley, NV. At a 400 ppm lithium cut-off, the deposit has 81.7 million tonnes at 1,121 ppm lithium as indicated resources, and 18.1 million tonnes lithium at 1,131 ppm lithium as inferred resources, this equates to 487,887 tonnes indicated and 109,410 tonnes inferred of lithium carbonate equivalent – (“LCE”).