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Home 🌿 Medical Cannabis News 🌿 Enertopia has signed a binding LOI to sell its wholly owned sub Thor Pharma Corp along with the MMPR application number 🌿Enertopia has signed a binding LOI to sell its wholly owned sub Thor Pharma Corp along with the MMPR application number
VANCOUVER, BC / ACCESSWIRE / June 12, 2015 / Enertopia Corporation (OTCQB:ENRT - News) (CNSX:TOP) (the "Company" or "Enertopia") announces updates with respect to the Burlington and The Green Canvas Joint Ventures.
Enertopia has signed a binding LOI to sell its wholly owned sub Thor Pharma Corp along with the MMPR application number 10MMPR0610. The Burlington MMPR license application will continue in the application process under new ownership. The Joint Venture could receive up to $1,500,000 in milestone payments upon the Burlington facility becoming licensed under the MMPR program. These monies would be split approximately 50% with Lexaria Corp. Subsequent with this deal the Burlington Joint Venture between Enertopia and Lexaria which was entered into on May 27, 2014 has been terminated due to the pending sale of the project. The Enertopia and Lexaria Master Joint Venture Agreement entered into on March 5, 2014 is still in good standing as...
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