Past year: ▼ 82%(3.28c – 18.1c USD)
Each one in plain English, with the numbers worked through for a shareholder.
26 June 2015asset acquisition disposition▲ GoodMajor
Enertopia completed the sale of its 51% Burlington medical marijuana license interest and subsidiary Thor Pharma Corp to Shaxon Enterprises, which could yield up to $1.5 million in milestone payments (split with partner Lexaria) if the facility becomes licensed - closing out its Burlington cannabis venture.
12 June 2015security holder rights change▼ BadMajor
Enertopia unwound two of its three medical marijuana ventures in one day: it agreed to sell its 51% Burlington license-application interest (a joint venture with Lexaria) to Shaxon Enterprises, and mutually terminated its Green Canvas joint venture after concluding further capital raising for cannabis projects was no longer in the company's interest.
1 May 2015material agreement● Neutral
Enertopia extended its Green Canvas medical marijuana joint venture (aiming for a 75% stake) by four months after industry delays slowed the original timeline.
14 Apr 2015quarterly activities report▼ Bad
Enertopia Corp. reported quarterly revenue of $0 and a net loss of $340 thousand for the period ended 2015-02-28.
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.
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4 Mar 2015substantial holder notice● Neutral
ROBERT MCALLISTER reported a Enertopia Corp. shareholding of 4,495,000 shares (5.73% of votes) in a periodic institutional filing.
30 Jan 2015capital raising announcement● Neutral
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.
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14 Jan 2015quarterly activities report▼ Bad
Enertopia Corp. reported quarterly revenue of $0 and a net loss of $962 thousand for the period ended 2014-11-30.
18 Nov 2014capital raising announcement● Neutral
Enertopia granted consultant Maureen McGrath 100,000 stock options at $0.10, routine equity compensation.
4 Nov 2014capital raising announcement▼ Bad
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.
25 Sept 2014securities registration● Neutral
Enertopia Corp. amended a filing by which it registered a securities offering with the SEC.
19 Aug 2014securities registration● Neutral
Enertopia Corp. amended a filing by which it registered a securities offering with the SEC.
5 Aug 2014capital raising announcement● Neutral
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.
1 Aug 2014securities registration● Neutral
Enertopia Corp. amended a filing by which it registered a securities offering with the SEC.
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.
14 July 2014quarterly activities report▼ Bad
Enertopia Corp. reported quarterly revenue of $0 and a net loss of $973 thousand for the period ended 2014-05-31.
1 July 2014material agreement● Neutral
Enertopia renewed its marketing arrangement with cannabis-focused financial media firm TDM Financial for another year, paying $120,000 in stock rather than cash.
17 June 2014substantial holder notice● Neutral
MATHEW T. CHADWICK disclosed a new substantial Enertopia Corp. shareholding (17.50% of votes).
11 June 2014securities registration● Neutral
Enertopia Corp. registered a securities offering with the SEC.
9 June 2014capital raising announcement● Neutral
Enertopia made its second-quarter Agoracom marketing payment ($12,500) in shares, routine promotional spending.
2 June 2014material agreement● Neutral
Enertopia paid $10,000 for a short investor-awareness marketing campaign, routine promotional spending tied to its cannabis-sector positioning.
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.
5 May 2014material agreement● Neutral
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.
30 Apr 2014capital raising announcement● Neutral
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.
17 Apr 2014capital raising announcement▲ Good
Enertopia raised US$118,684 as a director exercised options and holders exercised warrants, routine working-capital cash inflow.
15 Apr 2014quarterly activities report▼ Bad
Enertopia Corp. reported quarterly revenue of $0 and a net loss of $323 thousand for the period ended 2014-02-28.
14 Apr 2014capital raising announcement● Neutral
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.
10 Apr 2014capital raising announcement▲ GoodMajor
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.
8 Apr 2014capital raising announcement● Neutral
Enertopia granted consultant Taven White 50,000 stock options at $0.50, routine equity compensation.
