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Financing abounds for medical marijuana startups

Posted by AGORACOM-JC at 9:15 AM on Friday, March 14th, 2014

Financing abounds for medical marijuana startups

All of the medical marijuana producers approved by Health Canada or in the approval process say they’d been approached with multiple financing offers.

MICHEL COMTE / AFP/GETTY IMAGES

Tweed Inc. workers tend to medical marijuana plants at a new commercial operation set up inside a former Hershey’s chocolate factory in Smiths Falls, Ontario, an hour’s drive from Canada’s capital Ottawa, on February 4, 2014. AFP PHOTO/MICHEL COMTE

By: Business reporter, Published on Thu Mar 13 2014

Canada’s new medical marijuana industry is set to make history on the Toronto Stock Exchange.

Tweed Inc., among the first ten companies licensed by the federal government to produce and distribute pot, is in the final stages of approval for a listing on the TSX Venture Exchange.

The firm has a ticker secured — TWD — chosen because fertilizer manufacturer Potash Corp. has long held the ticker POT, joked chairman Bruce Linton.

If it is granted the listing it will become the country’s first public medical marijuana company with an opening share price just below $1, he said.

With over $10 million in private financing, Tweed is housed in the old Hershey’s plant in Smiths Falls and on track to produce 25 different strains of medical marijuana ranging in price from $5 to $12 a gram.

The company hopes to capture a healthy slice of the $1.3-billion medical marijuana industry Health Canada forecasts by 2024. And that’s worth the scrutiny and paperwork of an IPO, said Linton.

“We thought it was an important step to give another level of credibility to what we’re doing as a differentiator in terms of professionalism,” he explained.

Under Canada’s new Marihuana for Medical Purposes Regulations (MMPR), which roll out completely April 1, the government appoints and oversees producers. The old guidelines allowed users to grow their own medical marijuana or purchase it from the government.

The cost for staff and facilities to meet Health Canada’s requirements is substantial, say licensees.

“To build up a capacity to produce large quantities, and test the product, and have a quality, secure operation, that requires significant dollars,” said Bedrocan Canada CEO Marc Wayne.

“You’re moving out of the kind of handmade grow ops in days gone by. This is a much more sophisticated industry.”

Fortunately, startup money abounds. All the approved or pending producers the Star spoke with said they’d been approached with multiple offers by financiers.

Venture capitalist Kevin O’Leary may yet be among them. In a recent CNBC appearance, the investor of Dragon’s Den fame raved about the burgeoning U.S. industry where $14 million (U.S.) of recreational pot was sold in Colorado in January.

“For me as an investor, this is like getting an opportunity to get into alcohol after prohibition just ended,” he said on Squawk Box. “This is going to be a massive multi-billion dollar business, regulated and taxed by the government…. I really like the margins in this business – it is phenomenal,” he said.

However, with these changes only happening at the state level —Washington is next to allow recreational pot — O’Leary fears running afoul of territorial rules.

“If I were to invest in two deals I’ve been looking at in Colorado right now I could run into jurisdictional problems as an investor in another state where it’s illegal,” he said.

The Montreal native needs to look closer to home.

“Since we became licensed, I’ve received quite a number of calls, both from individuals and from bankers wanting to talk to me about financing or investing or even going public,” said Neil Closner, MedReleaf CEO.

“This is an extremely exciting, interesting time for bankers in Canada, because there really isn’t a huge healthcare entrepreneurial base in this country; mostly because the government controls healthcare.”

MedReleaf doesn’t have designs on the TSX though.

“Being a public company has its pros, but it involves a lot of work in terms of public reporting and news releases and regulations,” said Closner. “We’d rather focus on growing and treating our patients.”

Mark Gobuty, CEO of The Peace Naturals Project, has a similar outlook: “We think there’s going to be a significant evolution for this industry. We need to be nimble and responsive, both to our clients and to the regulator, and we need to be privately held, with a low amount of shareholders, for really important decisions.”

One publicly-traded Canadian company has their sights on ancillary industries rather than growers or producers.

“There are just a lot of companies rushing into that space,” said Harry Barr, CEO of Vancouver-based Next Gen Metals Inc. “Part of my fear is that there’s a limited amount of patients. I see us financing the companies that do the lights, the fertilizer, the seed, the sophisticated equipment that would go in there. To use a mining analogy, I want to sell them the picks and shovels.”

The long time mining executive, who is diversifying into medical marijuana and industrial hemp to buoy a mining slump, said Next Gen is currently reviewing 45 proposals.

Source: http://www.thestar.com/business/2014/03/13/financing_abounds_for_medical_marijuana_startups.html

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Enertopia Announces Corporate Update

Posted by AGORACOM-JC at 8:12 AM on Friday, March 14th, 2014

Vancouver, BC / TNW-ACCESSWIRE / March 14, 2014 / Enertopia Corporation (ENRT) on the OTCBB and (TOP) on the CSE (the “Company” or “Enertopia”) is pleased to announce the following corporate update.

Enertopia has engaged The Money Channel for National Radio, Television and Internet market communications campaign. Steve Crowley has been at the forefront of financial news since 1982.

“These are exciting times for Enertopia with exceptional opportunities for our company in the Medical Marihuana Business sector. Steve Crowley has proven to be a leader in getting the word out on new opportunities, and we are happy to have engaged The Money Channel for their services.” stated President / CEO Robert McAllister

Enertopia has paid a onetime fee of $21,735.00 for this six month Radio, TV and Internet media contract. Further information can be found at www.moneychannel.tv

Enertopia is also pleased to announce 815,310 warrants have been exercised for net proceeds to the Company of $163,062. The president exercised 200,000 of the above warrants and one director exercised 50,000 options for $7,500 net proceeds to the Company. All dollar amounts are in US dollars.

The Wisplite LOI announced on February 10th has expired and will not proceed, due to Enertopia’s focus solely on the MMJ sector at this time.

Any issued shares will be subject to a hold period in Canada of four months and one day, or for any resale into the USA under Rule 144, six months and one day. Proceeds of the Private Placement will be used for general working capital and for corporate opportunities. The Private Placement will be subject to normal regulatory approvals.

The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Enertopia

Enertopia’s shares are quoted in Canada with symbol TOP in the United States with symbol ENRT. For additional information, please visit www.enertopia.com or call Dale Paruk, President, Coal Harbor Communications Ltd. at 1.604.662.4505

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, evaluation of clean energy projects, Oil & Gas Projects, Medical Marihuana Projects for participation and/or financing, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements., foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and exploration expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities. There is no assurance that the Company will be successful in completing any anticipated financing and or its joint Venture partners will receive their Health Canada license under the new regulations or any technology will result in future sales.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

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Weed 2: Cannabis Madness: Dr. Sanjay Gupta Reports

Posted by AGORACOM-JC at 12:21 PM on Thursday, March 13th, 2014
Weed 2: Cannabis Madness: Dr. Sanjay Gupta Reports, premiered Tuesday, March 11th, looks at U.S. federal laws that consider marijuana a drug with no medicinal value and serious scientists who say they’re wrong. It is the politics of pot – the politicians vs. the patients.

Legal in 20 states plus the District of Columbia, limited access to medicinal marijuana has caused significant battles between legislators and qualified patients seeking this type of treatment. Vivian Wilson, a 2-year-old girl suffering from chronic seizures, is one of those patients. Wilson made headlines in 2013 when her father confronted New Jersey Governor Chris Christie pleading “please don’t let my daughter die” and imploring him to legalize medical marijuana in the state.

In the one-hour documentary, Gupta gets exclusive access to the journey of Vivian’s family who, along with many patients, are willing to do anything to get medical marijuana and face many legal challenges along the way. He meets with dozens of families dubbed “medical marijuana refugees” who have moved to Colorado, where pot is legal, to get medical marijuana for their sick children. Gupta also examines disparities in the U.S. government’s research into the benefits of medical marijuana and reports on groundbreaking discoveries in other countries. Gupta’s investigation takes him around the world looking for answers, including a rare inside look at a pharmaceutical company in the United Kingdom that is the only one in the world turning pot into a prescription drug.

Source: Cnn.com

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Next Gen appoints Michael Hektoen to help head its Medical Marijuana/Industrial Hemp Business Development Team

Posted by AGORACOM-JC at 9:20 AM on Thursday, March 13th, 2014
  • Next Gen’s Vision: To be a leading provider of venture capital, management expertise, education and a facilitator for this explosive new industry
  • Next Gen plans to consolidate certain sectors of this fragmented industry
  • To that end:
  • The Company’s business model continues to generate new business plans and project submittals 24/7
  • Management is currently reviewing over 45 business plans and proposals
  • Next Gen’s Management is currently finalizing its Industry Advisory Board

Vancouver, British Columbia / TNW-ACCESSWIRE / March 13, 2014 / Next Gen Metals Inc. (“Next Gen”, “The Company”) (CSE: N, OTC Pink: NXTTF, FSE: M5BN) is pleased to announce that Mr. Michael Hektoen has been added to Next Gen’s Medical Marijuana and Industrial Hemp business development team. With years of business development experience, Michael will help create long-term shareholder value for the company by providing guidance and expertise in areas directly related to Next Gen’s business model (see the company’s press release dated February 26, 2014).

Mr. Barr, President and CEO stated that “A growing proportion of the medical community believe that Medical Marijuana and, more specifically cannabinoids, have the potential to help patients who are suffering from a variety of ailments and illnesses. In addition, Industrial Hemp is an emerging industry in Canada and hemp is one of the strongest natural fibers known to man. Hemp has a wide range of applications including medicine. Both sectors show the potential for exponential growth.”

Mr. Barr further stated that “On behalf of the board of directors and management of Next Gen, I am pleased to have Mr. Hektoen join the Next Gen Team. We are confident his diversified skills set and business experience will add to our existing and growing team of professionals dedicated to this explosive new industry.”

About Michael Hektoen

Mr. Hektoen is dual citizen of the United States and Canada and was the Founder, President and CEO of a fully listed NASDAQ traded company in the entertainment-media industry. He has advised privately owned and publicly traded companies in areas such as due diligence, joint ventures, business development, marketing, social networking, branding and corporate finance.

Mr. Hektoen was retained by the Canadian Aboriginal Housing Management Association to provide guidance for the first World Indigenous Housing Conference held in Vancouver, BC Canada in 2012. He also organized the attendance of leading Tribal, Government, and Business leaders from the US and Canada for the Global Arc Boston Conference attended by Global Pension, Endowment and Hedge Fund leaders. The subject of the session was ‘Meeting the Investment Needs of the Native American Nations’.

He is celebrating his 38th year in the music-entertainment industry as a music producer, artist manager and Owner – CEO of the world famous NYC based Media Sound Studios where Barbra Streisand, Guns and Roses, Luther Vandross, Ray Charles, Rolling Stones, Aretha Franklin, Madonna, Frank Sinatra, Aerosmith, Tina Turner, Whitney Houston, Billy Joel, John Hammond Sr. and Mariah Carey among others recorded and was the co-owner of TWM Management who provided career management services to acts such as Kool & The Gang and The Manhattans. His efforts helped artists generate over 100 gold and platinum records.

About Next Gen

Next Gen is a diversified Canadian public company which is focused on investing in the Medical Marijuana and Industrial Hemp business sector. Recent regulatory/legal changes in North America have provided an opportunity for the company to enter into this emerging multi-billion dollar industry. Next Gen’s vision is to be a leading provider of venture capital, management expertise, education and a facilitator for this explosive new industry.

Next Gen plans to provide financing for both private/publicly listed Medical Marijuana and Industrial Hemp companies in exchange for an equitable interest in their business and/or a royalty on sales. Next Gen also intends on incubating companies that are technically savvy but require professional assistance in fundraising, complex negotiations, capital markets, public company administration and IPO’s.

Management is currently reviewing and soliciting new business proposals in various segments of the industry including: health, food, agri-business, legal grow-ops, research & technology, client generation, education, public awareness, specialty clinics and ancillary business opportunities. For further information, visit our website at www.nextgenmetalsinc.com. On another matter, the Company will issue a total of 100,000 stock options to two consultants at $0.21 per share.

For further information contact Investor Relations:

Tel: +1 604 685 1870 Toll Free 1.800.667.1870 Fax: +1 604 685 8045
Email: [email protected] or visit http://www.nextgenmetalsinc.com
650-555 West 12th Avenue, City Square,

West Tower, Vancouver, B.C., Canada, V5Z 3X7

On behalf of the Board of Directors

“Harry Barr”

Harry Barr

President & CEO

FORWARD LOOKING INFORMATION

This News Release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements.

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com.

This News Release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

The CSE has neither reviewed or approved the contents of this News Release.

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AGORACOM Welcomes Lexaria Corp. as Newest Entrant to the Multi Billion Dollar Medical Marijuana Industry

Posted by AGORACOM-JC at 8:59 AM on Wednesday, March 12th, 2014

LXRP: OTCQB, LXX: CSE

Regulated Marijuana Production

  • Joint Venture signed March 5, 2014 with Enertopia Corp (ENRT-US and TOP-Canada). Enertopia is one of Canada’s leading medical marijuana companies with two recent acquisitions recently announced.
  • Enertopia has the capability of putting more than 60,000 sq ft of production space into use in the cultivation of medical marijuana, through its partly owned subsidiaries.
  • Developed a business plan wherein company will try to acquire more than one license to produce marijuana in Canada under the MMPR legislation.
  • Evaluating potential legal grow locations in those jurisdictions in the USA where they are permitted

Gupta: ‘I am doubling down’ on medical marijuana

Dr. Sanjay Gupta, CNN Cheif Medical Correspondent. We have no affiliation with this well known medical expert, but his latest “Doubling Down” on the medical marijuana sector is worthy of your attention. Reasons such as these convince us we are doing the right thing in entering this market.

Medical marijuana and ‘the entourage effect’

We are no longer your Daddy’s Oil Company

Lexaria Corp. has been in business since 2005 and for nine years explored for and developed oil and gas assets in low-risk areas of North America. Lexaria still owns oil production in Mississippi, producing oil from wells at the Belmont Lake oil field. (You can learn about that in our “Oil Operations” section) During the last three full years combined, revenue was a total of about $3,550,000.

But North American society has changed dramatically, and so have we. Our proved management team has always employed sensible risk management controls in an effort to preserve the capital entrusted by shareholders. After all, its YOUR money!

And today, most Americans and most Canadians support some form of medical use of marijuana, in poll after poll.

Likewise, the legal marijuana industry is and will be heavily regulated, and we support that. We’ve already proven our ability to be transparent with our stakeholders and our ability to work within all applicable government regulations. We promise to deliver that transparency and dedication to the legal marijuana industry where these traits are a vital component towards ultimate success.

The medical marijuana business just might be one of the most recession-proof industry sectors there are. There is no boom and bust cycle that is apparent. The average demographic age in North America continues to increase, with over 44 million people in the USA today at the age of 65 or over. Age-related illnesses will continue to grow, and some fraction of these people looking for an alternative to opiate-based painkillers have a real need for pain-relief choices.

Lexaria also has a history of working with joint venture partners, as we’ve demonstrated over the years in Oklahoma,Mississippi, Alberta and Saskatchewan. We’re changing the sector we’re focused on, but we’re not changing our commitment to best practices; to ethical behavior; and to our investors and shareholders.
Oil and Gas Operations

Belmont Lake Oilfield

The Belmont Lake Oil Field is a significant oil discovery for a company our size, and one the Company intends to develop to it to its maximum value. It is within the Frio formation.

Lexaria currently owns 13% – 50% interests in the five existing oil wells in the Belmont Lake oil discovery, which was identified using 3-D Bright Spot technology. At the time of discovery the Company owned only a 20% interest. The Company’s most recent reserve report indicates that eight (8) productive oil wells could be located at Belmont Lake.

This is low-risk development opportunity at Belmont Lake offering superb returns, despite the location in the seasonal floodplain of the Mississippi River which has presented us with challenges. Seasonal flooding of the oil field forced Lexaria and its partners to devise ways to safely and reliably produce oil 12-months per year, even if the surface location was flooded with river water. The Company installed a remote tank farm and separation facility, pipelines, and various mechanical connections. Most important of all, lifting devices were utilized that use compressed natural gas to lift the oil to the surface, allowing our wells to produce at all times.

An important goal for the Company is to unlock the secret of being able to distinguish, in advance of drilling, between Frio Oil targets and Frio Gas targets. We have begun some internal research towards this goal. The Company welcomes any research or information from outside experts towards this goal and invites your contact.

Lexaria has built significant value through our analysis of 3-D seismic covering 130,000 nearby acres. Though we do not currently have an interest in these lands, we have previously generated many drilling targets.

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Enertopia Announces Intention to Complete a $2,750,000 Financing

Posted by AGORACOM-JC at 9:08 AM on Tuesday, March 11th, 2014

Enertopia Announces Intention to Complete a $2,750,000 Financing

Vancouver, BC / March 11 2014 / Enertopia Corporation (TOP) (the “Company” or “Enertopia”) announces its intention to complete a non-brokered private placement financing, consisting of 5,000,000 Equity Units at US $0.55 per unit, to raise gross proceeds of up to US $2,750,000 (the “Private Placement”).

Each equity unit will consist of one common share of the Company and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of the Company for a period of 24 months from the date of issuance, at a purchase price of US$0.75 Funds raised from the equity units will be used for corporate development in the Medical Marijuana business and G&A.

The Company will pay broker commissions of up to 6.0% in cash and 6.0% in broker warrants in connection with the Private Placement. Certain directors, officers and insiders of the Company may participate in the Private Placement.

The securities issued will be subject to a hold period in Canada of four months and one day, or for any resales into the USA under Rule 144, six months and one day. Proceeds of the Private Placement will be used for general working capital and project development. The Private Placement will be subject to normal regulatory approvals.

The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Enertopia

Enertopia’s shares are quoted in the USA with symbol ENRT and in Canada with symbol TOP. For additional information, please visit www.enertopia.com or call Dale Paruk, Coal Harbor Communications at 1.604.662.4505

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, evaluation of clean energy projects for participation and/or financing, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, access to capital, and other factors which may be identified from time to time in the Company’s public announcements and filings. There can be no guarantee that the proposed financing will close and the signing of the Definitive Agreement will result in new projects or partnerships being concluded in the medical marijuana sector and that adequate capital will be sourced to conclude the proposed transaction, now and into the future and any of the proposed projects provides will have any material effect on the Company.

Not for distribution to United States news wire services or for dissemination in the United States

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Enertopia Announces Board and Corporate Developments

Posted by AGORACOM-JC at 8:24 AM on Tuesday, March 11th, 2014

Enertopia Announces Board and Corporate Developments

Vancouver, BC March 11 2014 / Enertopia Corporation (ENRT) on the OTCBB and (TOP) on the CSE (the “Company” or “Enertopia”) is very pleased to announce the appointment of Matthew Chadwick to the Board of Directors.

The Company has signed an agreement with Matthew Chadwick the Senior Qualified Person at the World of Marihuana Productions Ltd. to be Enertopia’s Senior Vice President of Marihuana Operations.

Matt will be providing the Company project management and development of MMJ facilities across Canada and those areas within the United States of America where such activities are in compliance with law, such activity to include but not be limited to plant layout, air flow design, feeding schedules and optimization, lighting schedule and design, timeliness of cultivation procedures, and in general all things necessary to successfully grow and cultivate marihuana plants. Compensation for these duties will be $25,000 per month for the first six months.

Enertopia is also pleased to announce two new advisors to the Company, Robert Chadwick the alternate person in charge at the World of Marihuana Productions Ltd. has been issued 100,000 shares of restricted common stock and granted 100,000 Stock Options. Clayton Newbury has been granted 100,000 Stock Options.

The Company is also pleased to announce it has accelerated the June 2014 payments of $200,000 USD to WOM ( World of Marihuana Productions Ltd ) and Issued 1,000,000 shares of restricted stock to 0984329 B.C. Ltd, thus increasing Enertopia’s interest to 31% in the WOM.

Robert McAllister, Enertopia Corporation., President & CEO said, “We are excited to have Matt join the Enertopia Team, and we look forward to our continued build out our team.

We wish to thank Greg Dawson for his service as a director and dedication to the company since 2012.

The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Enertopia

Enertopia’s shares are quoted in Canada with symbol TOP in the United States with symbol ENRT. For additional information, please visit www.enertopia.com or call Dale Paruk, President, Coal Harbor Communications Ltd. at 1.604.662.4505

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, evaluation of clean energy projects, Oil & Gas Projects, Medical Marihuana Projects for participation and/or financing, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements., foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and exploration expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities. There is no assurance that the Company will be successful in the MMJ business plans and completing future financings.

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INTERVIEW: Enertopia Discusses Entrance to the $2.4B Medical Marijuana Industry

Posted by AGORACOM-JC at 4:11 PM on Friday, March 7th, 2014

New MMPR System being phased in, comes into full force April 1, 2014. Stand alone indoor production facilities.

  • $2.4 Billion Market
  • Only Large Corporate Producers Will Survive & Thrive After April 1, 2014
  • Enertopia Plan Is To Roll Up The Industry (Pardon The Pun)
  • Letter Of Intent (LOI) With Private Current Producer
  • Nearing Signing Of Definitive Agreement, Expected shortly. Read Release
  • Enertopia recently added to Marijuana Index
  • Joint Venture Agreement Signed with The Green Canvas – 55,000 sqf production potential
  • Joint Venture signed with Lexaria Corp. Read Release

 

Watch Interview Now!

Hub On AGORACOM / Corporate Website

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AGORACOM Welcomes Next Gen, looking to capitalize on $2.4B Medical Marijuana Market

Posted by AGORACOM-JC at 9:31 AM on Friday, March 7th, 2014

  • New Entrant to this $2.4B industry
  • Plans to consolidate certain sectors of this  currently fragmented industry
  • Provide financing for Medical Marijuana and Industrial Hemp related companies who require capital in exchange for an equitable interest in the business and/or a royalty on sales
  • Intends on Incubating companies that are technically savvy but require professional assistance in fundraising, complex negotiations, capital markets, public company administration and IPO’s
  • Management’s due diligence and recent regulatory and legal changes in North America have prompted team to enter into this emerging multi-billion industry

Next Gen Metals Inc. is a diversified public company which focuses on the Medical Marijuana and Industrial Hemp industries in North America. Next Gen also has a Mineral Exploration division.

The Company’s Medical Marijuana/Industrial Hemp divisions are working towards branding Next Gen as the go-to Canadian public company for Legal Marijuana and Industrial Hemp investment.

To be a leading provider of venture capital, management expertise, education and a
facilitator for this explosive new industry.

Next Gen is one of the first Canadian public companies to enter this multi-billion dollar green rush whose objective is to invest in a basket of companies in this sector.The Company is currently researching investment opportunities in the following industries within the Medical Marijuana and Industrial Hemp space: health, agri-business, food, legal grow-ops, technology, client generation, education, public awareness, specialty medical devices and ancillary business opportunities.

Next Gen is actively reviewing new business proposals in the Medical Marijuana and Industrial
Hemp industries.

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Government Regulation Change Leads to Growth in Industry

Health Canada’s website explains that “The Marihuana Medical Access Program (MMAP) ends on March 31, 2014. This is also the date that all previous Authorizations to Possess, Personal-Use Production Licenses and Designated-Person Production Licenses expire. As of April 1, 2014, the only legal access to marihuana for medical purposes will be through licensed producers under the Marihuana for Medical Purposes Regulations (MMPR).” (http://www.hc-sc.gc.ca/dhp-mps/marihuana/index-eng.php).

These regulation changes allow licensed producers to grow Medical Marijuana on a commercial scale. Previously, licensed individuals had been allowed to grow Medical Marijuana in their homes. Health Canada estimates that the market could be worth $1.3 billion by 2024. Analysts and industry experts peg estimates to be closer to $2.6 billion by 2016.

Health Canada’s website explains that “The Industrial Hemp Regulation Program permits Canadian farmers to grow low-TCH cannabis for industrial use, under controlled circumstances. This program administers the regulatory approval process for the commercial production of industrial hemp. It is comprised of a system of licenses, permits and authorizations for all persons in Canada engaged in the cultivation, distribution, importation, exportation, and processing of industrial hemp.” (See http://www.hc-sc.gc.ca/hc-ps/substancontrol/hemp-chanvre/about-apropos/index-eng.php).

In the United States, Medical Marijuana is legal in 20 states including Washington, DC. Furthermore, Colorado and Washington State have legalized recreational use with additional states contemplating legalization. Recent analysis on the American marijuana marketplace by ArcView Angel Investors forecast a 64% surge in the legal U.S. cannabis market to $2.34 billion in 2014. They also estimate that the five-year national market could grow to $10.2 billion amid rising demand and potentially new state markets.


20 States and Washington DC – Legal Medical Marijuana
Colorado & Washington – Legal Recreational Marijuana

In the United States, Medical Marijuana is legal in 20 states including Washington, DC. Furthermore, Colorado and Washington State have legalized recreational use with additional states contemplating legalization. Recent analysis on the American marijuana marketplace by ArcView Angel Investors forecast a 64% surge in the legal U.S. cannabis market to $2.34 billion in 2014. They also estimate that the five-year national market could grow to $10.2 billion amid rising demand and potentially new state markets.

Vision

Next Gen’s vision is to be a leading provider of venture capital, management expertise, education and a facilitator for this explosive new industry. Next Gen’s management team is one of the first Canadian public companies to enter this multi-billion dollar green rush whose objective is to invest in a basket of companies in the sector. The Company is currently researching investment opportunities in the following industries within the Medical Marijuana and Industrial Hemp space: health, agri-business, food, legal grow-ops, technology, client generation, education, pu

Multi-billion-dollar green rush, USA and CANADA Combined

Recent analysis on the American marijuana marketplace:

  • ArcView Angel Investors forecast a 64 percent surge in the legal U.S. cannabis market to $2.34 billion by 2014
  • “The five-year national market could grow to $10.2 billion amid rising demand and potentially new state markets”

Recent analaysis of the Canadian marijuana marketplace:

  • The Conservative government is launching a $1.3-billion free market in medical marijuana this Tuesday, eventually providing an expected 450,000 Canadians with quality weed. (Pawel Dwulit/Canadian Press)

New American Legislation drive Marijuana Industry

  • Recently updated state laws allow the possession of small amounts of marijuana and provide for regulation of marijuana production, processing, and sale
  • A game changer for the industry when CO & WA moved from legalized Medical Marijuana to legalizing Recreational Marijuana – Potential shift throughout America
  • Dormant projects in the Cannabis industry became active and funded immediately after the above mentioned changes became effective (2013)
  • Federal Marijuana enforcement policy updated by the U.S. department of Justice (DOJ – August 2013)

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Enertopia Signs Joint Venture Agreement With Lexaria Corp

Posted by AGORACOM-JC at 8:07 AM on Wednesday, March 5th, 2014

Vancouver, BC / March 5 2014 / Enertopia Corporation (ENRT) on the OTCBB and (TOP) on the CSE (the “Company” or “Enertopia”) is pleased to announce that it has signed a joint venture agreement dated March 5, 2014 (the “Agreement”) with Lexaria Corp. (“Lexaria”) which has announced its entry into the MMJ industry in Canada and the United States.

Since Enertopia’s market leading move into the Canadian MMJ sector in November 2013, Enertopia has been contacted by third party’s interested in joint venture opportunities. At this time the Enertopia board agreed that having a partner in new ventures and opportunities was an excellent way to capture key new projects and continue with the acceleration of Enertopia’s business model.

Under the terms of the Agreement, Enetopia will receive 1 million shares of restricted common shares in Lexaria. Enertopia will also receive a finders fee of 2% to 5% in cash and or shares based on the signing of any definitive agreements closed by Lexaria and introduced by Enertopia.

President Robert McAllister of Enertopia will receive 500,000 shares for joining the Lexaria Advisory Board.”Enertopia is excited to be working with a partner that is aligned to working together in a strategic alliance in capturing market share throughout the North American legal marijuana industry”, stated McAllister. Enertopia expects that having a strategic partner will assist in its ability to compete for more and larger projects in North America that might otherwise be out of reach.

Looking forward, it is estimated that the legal Marijuana market in North America which is estimated at $1.5 billion dollars today, could surpass $10 billion dollars before this decade is out and eventually become larger than the wine industry which had retail sales of over $34 billion dollars in 2012 according to third party reports.

Robert McAllister, Enertopia Corporation President & CEO said, “In my travels in meeting with MMJ patients the number one theme has been how medical cannabis has helped remove people from the debilitating effects of prescription narcotics and given them the ability, over and over again, to return to work and have a more productive life. Medical Cannabis is one of the biggest compassionate needs in our society today”.

The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Enertopia

Enertopia’s shares are quoted in Canada with symbol TOP and in the United States with symbol ENRT. For additional information, please visit www.enertopia.com or call Dale Paruk, President, Coal Harbor Communications Ltd. at 1.604.662.4505

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, potential and financing of its medical marihuana projects, evaluation of clean energy projects, oil & gas projects, , competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements., foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and exploration expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities. There is no assurance that Lexaria Corp will conclude any Definitive Agreements. Similarly, there can be no assurance that the Company will be successful in attracting key people.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

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