$ENRT binding final LOI NEWS!! Enertopia Closes Binding LOI for Acquisition of Supplements Business
http://www.otcmarkets.com/otciq/ajax/showNews...f?id=19392
Vancouver, BC — March 10, 2016 — Enertopia Corporation (ENRT-OTCBB)(TOP-CSE)(the "Company" or "Enertopia"
is pleased to announced it has closed a binding Letter Of Intentto acquire 100% of an establishedprofitable private nutritional vitamin/supplement company.
The established profitable private nutritional vitamin/supplement company has been in business for over 5 years showing good positive cash flows. All products are manufactured by a GMP, NSF, FDA approved manufacturer in the United States.
Enertopia has agreed subject to further due diligence, review of financials and financing to a total amount of $350,000 for the acquisition, with $300,000 due on the signing of the Definitive Purchase Agreement. The Definitive Purchase Agreement is expected to be completed before the end of April.
One of Enertopias initiatives is the task to grow its business in the Health and Wellness sector. Over the past several months Enertopia has been very dedicated in meeting its objectives by reviewing businesses that will enable the Company to pursue these opportunities in health and wellness. In particular, Enertopia has been focused on nutritional vitamin and supplement businesses. The Company believes this $20 billion plus market in the United States alone offers significant opportunities currently and for the future.
As the increased aging demographic is living longer, they are looking for natural and holistic ways to help them stay youthful and healthy through their twilight years. Health is not just a goal, it is both a lifestyle choice and a thriving consumer market continuing to grow at a pace of 5% per year. This is well above the growth of the United States economy as more people every year move to natural and holistic ways to healing and better wellbeing.
Enertopia believes that the confluence of people being their own personal advocates, rising incomes, mobile technology and e-commerce platforms make the supplements business and its over 35,000 stores ripe for mergers and acquisitions that provide opportunities over the next decade.
We are very excited about the unfolding of events in the coming weeks. We as a company thrive to be there for our clients and consumers and to be there to provide an option for them to turn to for a more fulfilling, healthier and happier lifestyle. We are dedicated to helping and empowering lives and making a difference, stated CEO, Mr. Robert McAllister.
The Company also announces that the Needle in the Haystack challenge has ended with no submissions meeting the requirements to qualify under the contest rules.
http://www.otcmarkets.com/otciq/ajax/showNews...f?id=19392
Vancouver, BC — March 10, 2016 — Enertopia Corporation (ENRT-OTCBB)(TOP-CSE)(the "Company" or "Enertopia"
is pleased to announced it has closed a binding Letter Of Intentto acquire 100% of an establishedprofitable private nutritional vitamin/supplement company. The established profitable private nutritional vitamin/supplement company has been in business for over 5 years showing good positive cash flows. All products are manufactured by a GMP, NSF, FDA approved manufacturer in the United States.
Enertopia has agreed subject to further due diligence, review of financials and financing to a total amount of $350,000 for the acquisition, with $300,000 due on the signing of the Definitive Purchase Agreement. The Definitive Purchase Agreement is expected to be completed before the end of April.
One of Enertopias initiatives is the task to grow its business in the Health and Wellness sector. Over the past several months Enertopia has been very dedicated in meeting its objectives by reviewing businesses that will enable the Company to pursue these opportunities in health and wellness. In particular, Enertopia has been focused on nutritional vitamin and supplement businesses. The Company believes this $20 billion plus market in the United States alone offers significant opportunities currently and for the future.
As the increased aging demographic is living longer, they are looking for natural and holistic ways to help them stay youthful and healthy through their twilight years. Health is not just a goal, it is both a lifestyle choice and a thriving consumer market continuing to grow at a pace of 5% per year. This is well above the growth of the United States economy as more people every year move to natural and holistic ways to healing and better wellbeing.
Enertopia believes that the confluence of people being their own personal advocates, rising incomes, mobile technology and e-commerce platforms make the supplements business and its over 35,000 stores ripe for mergers and acquisitions that provide opportunities over the next decade.
We are very excited about the unfolding of events in the coming weeks. We as a company thrive to be there for our clients and consumers and to be there to provide an option for them to turn to for a more fulfilling, healthier and happier lifestyle. We are dedicated to helping and empowering lives and making a difference, stated CEO, Mr. Robert McAllister.
The Company also announces that the Needle in the Haystack challenge has ended with no submissions meeting the requirements to qualify under the contest rules.
