ENRT -> major news just announced this morning
Published: Tue, 12/09/14
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Morning all,
Just a quick update on ENRT, they announced some pretty big news this morning that Health Canada has advanced their application to become a licensed medical marijuana producer in to the Enhanced Screening Stage of the application process.
Check it out...
VANCOUVER, BC / ACCESSWIRE / December 9, 2014 / Enertopia Corporation (ENRT-OTCBB) (TOP-CSE) (the "Company" or "Enertopia") is pleased to announce that Health Canada has advised the Company that the Burlington, Ontario application has advanced to the Enhanced Screening Stage of the application process. The company is pleased to advise shareholders that its license application with joint venture partner, Lexaria Corp (LXRP), submitted for licensed producer in July 2014 is now at the Enhanced Screening process. Ontario Operations Manager Mr. Donald Shaxon is the responsible person in charge of the Burlington JV. The Burlington Joint Venture with Lexaria Corp has applied to produce 10,000kg of Medical Marihuana per year under its Licensed Producer application. Enertopia has 51% interest in the joint venture and Lexaria Corp 49% as disclosed on April 9, 2014 in Enertopia's press release #201424 and press release #201439. The Burlington JV has requested a Ready to build letter from Health Canada once the application has made it through step 4 of the approval process. For those not familiar with the Health Canada process for becoming a licensed producer, below are the levels to be reached through the application process. Note there are no specific process times for each step: Step 1: Preliminary Screening (Completed) The Joint Venture (JV) has been active in the local community and has received very good community and media support. The JV also met with the local policing authority and upon licensing by Health Canada we have proposed that the local police could conduct security and swat team training at the facility. We are very pleased to be working closely with law enforcement and look forward to their insights in preventative and proactive security measures. On November 24, 2014 Health Canada updated the number of Licensed Producers to grow and sell Marijuana to 14 and the number of Licensed Producers to grow Marijuana at 8 for a current total of 22 Licensed Producers in Canada. "Enertopia
looks forward to the next steps in the application process and
receiving a letter to build in 2015. In 2015 Enertopia we will be
launching education and wellness seminars to help educate the public and
medical community on the responsible and educated uses of Medical
Marijuana" Stated President / CEO Robert McAllister.
I'm hoping ENRT has a big day today, make sure you are watching and be ready to move this morning at the opening bell.
ShiznitStocks.com
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Hello fellow investors / traders,
We've found an awesome looking trade for you today. Enertopia, Inc (ENRT) is sitting at $0.0545 just above major long term support at $0.05.
We think ENRT could move big off these support levels today, especially because we are anticipating a big news catalyst.
Because ENRT looks to have significant support at these levels, we think it could be a great risk v reward trade.
And the last time we profiled ENRT, it treated us extremely well, gaining over 40% in two days.
ENRT operates in the medical marijuana sector, and while other MMJ tickers have recently seen some very nice upside, the major pullback and long term support in ENRT has yet to be noticed by investors and traders.
All that could change today.
With major news anticipated, we expect some serious interest in ENRT, especially with its extremely small $3.9m market cap, which could bring big volume, and substantial gains.
Now is your chance to take a position in ENRT at a major discount to where it was trading six months ago.
Just check out this chart and you will see why I like the technical setup so much...
ENRT is a public company focused on the production, cultivation and selling of Medical Marihuana (MMJ) under the new Canadian Federal Government MMPR Program. Enertopia currently owns an interest in two separate medical marihuana grow facilities located in Canada.
For more information on their operations and management team, visit their website at http://www.enertopia.com/
ENRT recently provided the market with footage of their planned 30,000 square foot medical marijuana facility, currently under construction.
While many publicly traded companies have been talking up their plans of becoming licensed producers, ENRT is taking real action - right now.
Check out this very important press release
which includes a four-part video series released in conjunction with
its joint venture with The Green Canvas Limited (a licensed producer
under the legacy Medical Marijuana Access Regulations "MMAR" program).
Unlike many other so-called medical marijuana companies, ENRT is no joke. ENRT appear to be actively (and
successfully) pursuing their strategy to become an approved medical
marijuana producer under the Health Canada MMPR program.
It's manufacturing of a massive production
facility and joint ventures with The Green Canvas Limited and Lexaria
Corp illustrate just how serious they are.
Investors have been sleeping on ENRT for some time now, but they are about to be awoken in a major way.
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