Each one in plain English, with the numbers worked through for a shareholder.
12 Mar 2015capital raising announcement● Neutral
Enertopia closed the final tranche of the same offering (590,000 units at CAD$0.06, CAD$35,400), completing a roughly CAD$135,300 raise.
What it means for a shareholder
590,000 new shares at C$0.060 to raise about C$35,400. That's 0.757% dilution: every existing holder's slice gets 0.757% smaller. If you held C$1,000 of shares (16,667 at the issue price), your slice goes from 0.0216% to 0.0214% of the company. To keep it you'd need 127 more shares - about C$8 at the issue price.
Enertopia closed the first tranche of a modest CAD$99,900 private placement (1,665,000 units at CAD$0.06) - a much smaller raise at a much lower price than its 2014 financings, reflecting the stock's continued decline.
What it means for a shareholder
1.7m new shares at C$0.060 to raise about C$99,900. That's 2.2% dilution: every existing holder's slice gets 2.2% smaller. If you held C$1,000 of shares (16,667 at the issue price), your slice goes from 0.022% to 0.0216% of the company. To keep it you'd need 367 more shares - about C$22 at the issue price.
Enertopia granted 2,100,000 stock options to its directors, officers and a consultant at $0.10 - a fraction of the roughly $0.70 price options carried a few months earlier, reflecting a sharp decline in the stock since the 2014 cannabis-sector peak.
20 Oct 2014asset acquisition disposition▼ BadMajor
Enertopia unwound its January 2014 joint venture with World of Marihuana Productions (to acquire up to 51% of WOM's pending Health Canada cannabis license business) via a mutual termination and settlement: WOM returned 15,127,287 Enertopia shares to treasury, and WOM's nominee Mathew Chadwick resigned from Enertopia's board - the first of several 2014-2015 cannabis-sector ventures that did not pan out.
Enertopia hired IR consultant Neil Blake (CAD$2,500/month) and extended its letter of intent to lease Burlington, Ontario warehouse space from Jeff Paikin's 1475714 Ontario Inc., issuing 118,416 shares as part of the extension.
14 July 2014capital raising announcement▲ GoodMajor
The Lexaria/Enertopia Burlington, Ontario cannabis joint venture received final municipal zoning approval for medical marijuana production under Health Canada's MMPR rules - a real regulatory milestone toward an operating facility - while the company continued issuing milestone shares to its Ontario consulting team.
Enertopia renewed its marketing arrangement with cannabis-focused financial media firm TDM Financial for another year, paying $120,000 in stock rather than cash.
29 May 2014capital raising announcement▲ GoodMajor
Enertopia and Lexaria Corp signed the definitive joint venture agreement for their Ontario medical marijuana business (Enertopia 51% / Lexaria 49%), formalizing April's letter of intent - the Burlington facility venture.
Enertopia retained the former Chief of Hamilton Police as a security consultant for its planned Ontario marijuana production facility, paying in shares tied to milestones.
Enertopia signed one-year Ontario consulting contracts to staff up its planned Burlington cannabis facility - Clark Kent as Media Coordinator, Don Shaxon as Ontario Operations Manager, and a third local firm - each paid partly in shares with further milestone-based share grants available.
Enertopia appointed Jeff Paikin to its Advisory Board (90,000 shares, milestone-eligible for up to 472,500 more) in connection with securing Ontario premises for its planned cannabis production facility.
Enertopia signed a letter of intent with Lexaria Corp to jointly develop a Health Canada-licensed medical marijuana production business in Ontario (Enertopia 51% / Lexaria 49%) - a third simultaneous cannabis venture alongside Green Canvas and WOM, which would become the Burlington, Ontario facility.
Enertopia renewed its Stuart Gray marketing agreement and raised US$177,950 as holders exercised 1,293,500 warrants, at options priced near $0.72 - close to the stock's 2014 peak.
Enertopia appointed cannabis researcher Dr. Robert Melamede to its Advisory Board, paying him in 250,000 shares and options priced at $0.70 - a share price reflecting the stock's run-up during the company's early-2014 cannabis push.
Enertopia raised a further $182,000 as insiders and warrant-holders exercised options and warrants ($67,750 and US$114,250 respectively), continuing the same working-capital cash inflow.
Enertopia signed a $21,735 TV/radio marketing contract and raised further cash as insiders and warrant-holders exercised options/warrants for a combined US$170,562, routine working-capital top-ups.
Enertopia and its President formed a three-year joint venture with Lexaria Corp to jointly source and share in cannabis-sector business opportunities, receiving Lexaria shares and a finder's-fee arrangement on future deals Lexaria closes.
An amendment restating the Green Canvas joint venture terms in full: $100,000 already paid on the letter of intent, then 10 million Enertopia shares and $500,000 cash - $113,400 of which goes to Wolverton Securities as a finder's fee - to vest the first 49% of the medical marijuana business, on the way to 75%.
28 Feb 2014capital raising announcement▲ GoodMajor
Enertopia signed the definitive joint venture agreement to acquire up to 75% of Green Canvas Ltd.'s medical marijuana business, formalizing February's letter of intent (the $100,000 LOI payment already made) with a staged path to a 49% initial stake - its second simultaneous cannabis venture alongside WOM.
13 Feb 2014capital raising announcement▲ GoodMajor
Enertopia closed the final tranche of its January private placement (12,938,000 units at US$0.10, US$1,293,800), bringing the combined raise to roughly US$1.7 million with a director and officer participating for $30,000 - substantial financing behind its early-2014 cannabis, vaporizer and mining pushes.
What it means for a shareholder
12.9m new shares at US$0.100 to raise about US$1.3m. That's 22% dilution: every existing holder's slice gets 22% smaller. If you held US$1,000 of shares (10,000 at the issue price), your slice goes from 0.0215% to 0.0168% of the company. To keep it you'd need 2,776 more shares - about US$278 at the issue price.
Days after its medical marijuana LOI, Enertopia signed a binding letter of intent to acquire Wisplite Technologies, a developer of e-cigarette/vaporizer technology, for an initial $385,000 plus shares and further funding commitments - pairing its cannabis push with vaporizer hardware.
Enertopia signed a letter of intent to acquire up to 75% of a private medical marijuana producer's business in Canada (Green Canvas) for up to $1 million cash and 19 million shares over three years, another move into the cannabis sector alongside its existing World of Marihuana joint venture.
