Enertopia’s Green Canvas JV Submits MMPR Application

This article originally appeared on www.CannabisFN.com Please follow us for updates on Facebook & Twitter.

Enertopia Corp. (ENRT 0.067 -4.15%) (CSE: TOP), an aspiring licensed producer of medical marijuana under Canada’s newly implemented MMPR program, recently announced that its joint venture, called The Green Canvas, submitted its application for Licensed Producer status and are in correspondence with Health Canada regarding specific Quality Assurance Reports.

“The Green Canvas is well known and respected in their outreach to patients in need of medical marihuana and are respected for producing the highest quality medical grade marihuana,” said Enertopia Corp. President & CEO Robert McAllister in a recent press release discussing progress being made at Green Canvas.

The Green Canvas has applied to produce 10,000 kilograms of medical marihuana per year under Health Canada’s MMPR program. Enertopia has the right to acquire up to a 75% interest in the joint venture, as disclosed in its February 28, 2014 press release (#201412). In early October, the company’s management team is expected to be on-site to evaluate ongoing facility upgrades ahead of potential approval.

With the application submitted, the company will now undergo a seven step process that includes (1) preliminary screening, (2) enhanced screening, (3) security clearance, (4) review, (5) “ready to build” letter, (6) pre-license inspection, and (7) licensing as a so-called Licensed Producer. Health Canada has only approved 13 Licensed Producers to date under its MMPR program.

Prior to the MMPR program, Green Canvas is/was a producer under the MMAR program, which suggests that its team has unique hands-on industry experience. The facility recently underwent renovations and security upgrades, including $50,000 spent on perimeter fencing and cement flooring in the lab and security storage areas, to be compliant with Health Canada’s stringent standards.

Shares of Enertopia Corp. jumped 1.57% in early trading on Tuesday, September 16, 2014 following the news release.

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: http://www.cannabisfn.com/legal-disclaimer/.

Show your support

Clapping shows how much you appreciated CannabisFN’s story.