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Enertopia Moves into Health & Wellness as It Awaits MMPR Approvals

Ryan Allway

February 13th, 2015

News, Top News

Canada’s newly implemented Marihuana for Medical Purposes Regulations (“MMPR”) program has experienced a number of delays over the past few months. With a lot of uncertainty surrounding approval timelines, many companies have begun moving into ancillary businesses to diversify risk and enhance long-term shareholder value. Investors may want to keep a close eye on these trends given the potential for near-term revenue.

In this article, we’ll take a look at Enertopia Corporation’s [stockquote symbol=ENRT] (CSE: TOP) move into the health and wellness segment of the Cannabidiol (CBD) movement.

New Product Launch

Enertopia announced its foray into the health and wellness industry with the launch of its V-Love™ product at the Vancouver Wellness Show on February 13th through the 15th. With over 30,000 attendees at the show, the company should reach a large target demographic with free samples and educational materials. Management hopes to attend similar shows in the future, while launching a number of other health and wellness products.

In addition to attending the show, the company partnered with leading women’s health expert Maureen McGrath via a four-month radio sponsorship of her Sunday Night Sex Show on CKNW radio. The program is designed to raise awareness of women’s health issues to a large and growing audience of listeners throughout Canada. Management hopes that partnerships like these will help drive near-term revenue to the new product lines.

While V-Love™ does not contain any cannabinoids, since they are illegal in Canada, the company aims to launch CBD-infused products in jurisdictions where they are legalized in the future. Hemp-derived CBDs are completely legal in the United States after the HIA vs. DEA court decision many years ago, which paves the way toward a fully-legal market for health and wellness products that take advantage of the benefits of cannabinoids.

Awaiting Approvals

Enertopia remains committed to becoming a licensed producer under Canada’s MMPR program in addition to its new health and wellness business. In November 2013, the company became the first publicly traded Canadian company to pursue such a license, although evolving regulations and court challenges have slowed progress. The project is awaiting two decisions from the Canadian court system, the first of which is expected in late-February.

Enertopia Corp. is currently involved in two MMPR projects, the company’s Burlington joint venture with Lexaria Corp. [stockquote symbol=LXRP] (CSE: LXX) has applied to produce up to 10,000 kilograms of dried medical marihuana per year as a licensed producer under the MMPR program. With a 51% interest in the joint venture, the company is well positioned to benefit from any approvals.

In a press release from December 9th, 2014 Enertopia announced that the project has advanced to the Enhanced Screening Stage of the MMPR application process.  The company has requested a Ready to build letter from Health Canada and is awaiting to be moved into the security clearance review, step 3 of 7 towards becoming a licensed producer.

Listed are the 7 steps to becoming a licensed MMPR producer in Canada.

  1. Preliminary Screening
  2. Enhanced Screening
  3. Security Clearance
  4. Review
  5. Ready to Build Letter (if required by applicant)
  6. Pre-license inspection
  7. Licensing

The other project that Enertopia Corp. is currently working on is the Green Canvas project located in Regina, Saskatchewan.  This project is scalable to 55,000 ft², and is currently undergoing upgrades to 14,000 ft² of those square feet to become compliant with Health Canada’s MMPR standards.

Looking Ahead

Enertopia stands at a key point in its corporate history. While Canada’s MMPR environment has become a bit cloudy, the company remains on-track and working to get to the final stages of MMPR approval. Management has introduced a line-up of health and wellness products – and looks to add CBD-infused products in the near future – these plans should start to generate revenue in the near-term, so investors don’t have to wait around for Health Canada’s blessing.

Investor’s benefit from a diversified company with its hand in both the production side of the business – through the MMPR application – and the retail side of the industry – with its health and wellness product line. With near-term catalysts in both segments, investors in companies, like Hemp Inc. [stockquote symbol=HEMP] or NutriSystem Inc. [stockquote symbol=NTRI], may want to take a closer look at the stock sooner rather than later.

For more information, visit the company’s website at www.enertopia.com or visit CannabisFN’s Company Profile to learn more.

Legal Disclaimer:

Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: https://cannabisfn.com/legal-disclaimer/.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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