UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

[X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
    Act of 1934

    For the period ended January 31, 2007

[ ] Transition Report pursuant to 13 or 15(d) of the Securities Exchange
    Act of 1934

    For the transition period _____________ to _____________


                        Commission File Number 333-128697


                               CANTOP VENTURES, INC
                 (Name of small business issuer in its charter)


           NEVADA                                                 20-2414965
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)


                                 564 Wedge Lane
                                Fernley, NV 89408
                    (Address of principal executive offices)

                    Issuer's telephone Number: (604) 805-6340

                                 WITH COPIES TO:

                             Karen A. Batcher, Esq.
                          Batcher Zarcone & Baker, LLP
                           4252 Bonita Road, Suite 151
                                Bonita, CA 91902
                               Tel: (619) 475-7882
                               Fax: (619) 789-6262


                                      None
              (Former name, former address and former fiscal year,
                          if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check whether the registrant is a shell company (as defined in rule
12b of the Exchange Act). Yes [X] No [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: As of March 6, 2007, the issuer had
8,500,000 outstanding shares of Common Stock.
<PAGE>
                         PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

CANTOP VENTURES, INC.
(An Exploration Stage Company)
Balance Sheets
(Expressed in US Dollars)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                          January 31,         July 31,
                                                                             2007               2006
                                                                           --------           --------
                                                                         (Unaudited)          (Audited)
<S>                                                                        <C>                <C>
                                     ASSETS
CURRENT ASSETS
  Cash                                                                     $    729           $  8,125
                                                                           --------           --------
TOTAL CURRENT ASSETS                                                            729              8,125

Mining property acquisition costs, less reserve for
 impairment of $3,500 and $3,500, respectively                                   --                 --
                                                                           --------           --------

TOTAL ASSETS                                                               $    729           $  8,125
                                                                           ========           ========

                LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
CURRENT LIABILITIES
  Accounts payable and accrued liabilities                                 $     --           $  5,000
  Due to related party                                                          700                700
                                                                           --------           --------
TOTAL CURRENT LIABILITIES                                                       700              5,700
                                                                           --------           --------
STOCKHOLDERS' EQUITY (DEFICIENCY)
  Preferred stock, $0.001 par value;
   authorized 20,000,000 shares, issued and
   outstanding 0 and 0 shares, respectively                                      --                 --
  Common stock, $0.001 par value;
   authorized 100,000,000 shares, issued and
   outstanding 8,500,000 and 8,500,000 shares, respectively                   8,500              8,500
  Additional paid-in capital                                                 39,600             35,400
  Deficit accumulated during the exploration stage                          (48,071)           (41,475)
                                                                           --------           --------
TOTAL STOCKHOLDERS' EQUITY (DEFICIENCY)                                          29              2,425
                                                                           --------           --------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)                    $    729           $  8,125
                                                                           ========           ========
</TABLE>

See notes to financial statements.

                                       1
<PAGE>
CANTOP VENTURES, INC.
(An Exploration Stage Company)
Statements of Operations
(Expressed in US Dollars)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                                  Cumulative
                                                                                                                  during the
                                                                                                              development stage
                                                      Three months ended                Six months ended      (February 22, 2005
                                                          January 31,                      January 31,                to
                                                   -------------------------      -------------------------       January 31,
                                                      2007           2006            2007           2006             2007)
                                                   ----------     ----------      ----------     ----------       ----------
                                                   (Unaudited)    (Unaudited)     (Unaudited)    (Unaudited)      (Unaudited)
<S>                                                <C>            <C>             <C>            <C>              <C>
REVENUE                                            $       --     $       --      $       --     $       --       $       --
                                                   ----------     ----------      ----------     ----------       ----------
COST AND EXPENSES
  Mining property exploration costs                        --             --              --             --            9,500
  Impairment of mining property acquisition costs          --             --              --             --            3,500
  General and administrative expenses                   4,067          2,143           6,596          6,196           35,071
                                                   ----------     ----------      ----------     ----------       ----------
Total Costs and Expenses                                4,067          2,143           6,596          6,196           48,071
                                                   ----------     ----------      ----------     ----------       ----------

NET LOSS                                           $   (4,067)    $   (2,143)     $   (6,596)    $   (6,196)      $  (48,071)
                                                   ==========     ==========      ==========     ==========       ==========
NET LOSS PER SHARE
  Basic and diluted                                $    (0.00)    $    (0.00)     $    (0.00)    $    (0.00)
                                                   ==========     ==========      ==========     ==========

NUMBER OF COMMON SHARES USED TO COMPUTE
LOSS PER SHARE
  Basic and Diluted                                 8,500,000      8,500,000       8,500,000      8,500,000
                                                   ==========     ==========      ==========     ==========
</TABLE>

See notes to financial statements.

                                       2
<PAGE>
CANTOP VENTURES, INC.
(An Exploration Stage Company)
Statements of Stockholders' Equity (Deficiency)
For the Period February 22, 2005 (Inception) to January 31, 2007
(Expressed in US Dollars)
(Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                   Deficit
                                           Common Stock, $0.001                     Common       Accumulated      Total
                                                Par Value          Additional       Stock        During the    Stockholders'
                                         ---------------------      Paid-in      Subscription    Development      Equity
                                         Shares         Amount      Capital         Unpaid          Stage      (Deficiency)
                                         ------         ------      -------         ------          -----      ------------
<S>                                      <C>           <C>           <C>            <C>           <C>             <C>
Common stock issued for cash
  -  March, 2005 at $0.001              2,000,000     $  2,000      $    --        $     --      $      --       $  2,000
  -  June, 2005 at $0.001               3,500,000        3,500           --          (3,500)            --             --
  -  July, 2005 at $0.001                 500,000          500           --              --             --            500
  -  July, 2005 at $0.01                2,500,000        2,500       22,500              --             --         25,000
Donated services                                                      4,500                                         4,500
Net loss for the period February 22,
 2005 (inception) to July 31, 2005                                                                 (14,308)       (14,308)
                                       ----------     --------      -------        --------      ---------       --------
Balance, July 31, 2005                  8,500,000        8,500       27,000          (3,500)       (14,308)        17,692
Common stock subscriptions paid                                                       3,500                         3,500
Donated services                                                      8,400                                         8,400
Net loss for the year ended
 July 31, 2006                                 --           --           --                        (27,167)       (27,167)
                                       ----------     --------      -------        --------      ---------       --------
Balance, July 31, 2006                  8,500,000     $  8,500      $35,400        $     --      $ (41,475)      $  2,425
Donated services                                                      4,200                                         4,200
Net loss for the six months
 ended January 31, 2007                                                                             (6,596)        (6,596)
                                       ----------     --------      -------        --------      ---------       --------
Balance, January 31, 2007               8,500,000     $  8,500      $39,600        $     --      $ (48,071)      $     29
                                       ==========     ========      =======        ========      =========       ========
</TABLE>

See notes to financial statements.

                                       3
<PAGE>
CANTOP VENTURES, INC.
(An Exploration Stage Company)
Statements of Cash Flows
(Expressed in US Dollars)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                 Cumulative
                                                                                                 during the
                                                                                             development stage
                                                                                             (February 22, 2005
                                                              Six months ended January 31,           to
                                                              ---------------------------        January 31,
                                                                2007               2006             2007)
                                                              --------           --------         --------
                                                             (Unaudited)        (Unaudited)      (Unaudited)
<S>                                                           <C>                <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                                    $ (6,596)          $ (6,196)        $(48,071)
  Adjustments to reconcile net loss to net cash
   used for operating activities:
     Impairment of mining property acquisition costs                --                 --            3,500
     Management services donated                                 3,000              3,000           13,500
     Office rent donated                                         1,200              1,200            3,600
  Changes in operating assets and liabilities
     Accounts payable and accrued liabilities                   (5,000)            (2,342)              --
     Due to related party                                           --                 --              700
                                                              --------           --------         --------
NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES            (7,396)            (4,338)         (26,771)
                                                              --------           --------         --------
CASH FLOWS FROM INVESTING ACTIVITIES
  Acquisition of mining property                                    --                 --           (3,500)
                                                              --------           --------         --------
NET CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES                --                 --           (3,500)
                                                              --------           --------         --------
CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from sales of common stock                               --              3,500           31,000
                                                              --------           --------         --------
NET CASH PROVIDED BY (USED FOR) FINANCIAL ACTIVITIES                --              3,500           31,000
                                                              --------           --------         --------

INCREASE (DECREASE) IN CASH                                     (7,396)              (838)             729
CASH, BEGINNING OF PERIOD                                        8,125             22,034               --
                                                              --------           --------         --------

CASH, END OF PERIOD                                           $    729           $ 21,196         $    729
                                                              ========           ========         ========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
  Interest paid                                               $     --           $     --         $     --
                                                              ========           ========         ========
  Income taxes paid                                           $     --           $     --         $     --
                                                              ========           ========         ========
</TABLE>

See notes to financial statements.

                                       4
<PAGE>
CANTOP VENTURES, INC.
(An Exploration Stage Company)
NOTES TO FINANCIAL STATEMENTS
January 31, 2007
(Unaudited)
--------------------------------------------------------------------------------

Note 1 INTERIM FINANCIAL STATEMENTS

The unaudited financial  statements as of January 31, 2007 and for the three and
six months ended January 31, 2007 and 2006, and for the period February 22, 2005
to January 31, 2007 have been prepared in accordance with accounting  principles
generally  accepted in the United States for interim  financial  information and
with  instructions to Form 10-QSB.  In the opinion of management,  the unaudited
financial  statements  have  been  prepared  on the  same  basis  as the  annual
financial  statements  and reflect all  adjustments,  which  include only normal
recurring adjustments,  necessary to present fairly the financial position as of
January 31, 2007 and the  results of  operations  and cash flows for the periods
ended  January  31,  2007 and 2006.  The  financial  data and other  information
disclosed in these notes to the interim  financial  statements  related to these
periods are  unaudited.  The results for the six month period ended  January 31,
2007  is not  necessarily  indicative  of the  results  to be  expected  for any
subsequent quarter of the entire year ending July 31, 2007. The balance sheet at
July 31, 2006 has been derived  from the audited  financial  statements  at that
date.

Certain  information  and footnote  disclosures  normally  included in financial
statements prepared in accordance with accounting  principles generally accepted
in the United States have been  condensed or omitted  pursuant to the Securities
and Exchange  Commission's  rules and  regulations.  These  unaudited  financial
statements should be read in conjunction with our audited  financial  statements
and notes  thereto for the year ended July 31, 2006 as included in our report on
Form 10-KSB.

Note 2 ORGANIZATION AND BUSINESS OPERATIONS

Cantop Ventures, Inc. (the "Company") was incorporated in the State of Nevada on
February 22, 2005.  The Company is an  Exploration  Stage  Company as defined by
Statement  of  Financial  Accounting  Standards  ("SFAS") No. 7. The Company has
acquired a mineral property located in the Province of British Columbia, Canada,
and has not yet  determined  whether this  property  contains  reserves that are
economically  recoverable.  The recoverability of amounts from the property will
be  dependent  upon  the  discovery  of   economically   recoverable   reserves,
confirmation of the Company's interest in the underlying  property,  the ability
of the  Company  to  obtain  necessary  financing  to  satisfy  the  expenditure
requirements under the property agreement and to complete the development of the
property,  and upon  future  profitable  production  or  proceeds  from the sale
thereof.

Note 3 MINERAL PROPERTY

Pursuant to a mineral  property  purchase  agreement  dated  March 3, 2005,  the
Company acquired a 100% undivided right, title and interest in the Copper Road I
-VI mineral claim,  located  approximately  2 kilometres East of Deep Water Bay,
Quadra Island of British  Columbia,  Canada for $3,500.  The Tenure Number ID is
526652,  which expires March 3, 2008. The property is in the name of Larry Ralph
W. Sostad held by him in trust for the Company.

In June 2005,  the  Company  received  an  evaluation  report from a third party
consulting firm recommending an exploration  program with a total estimated cost
of $65,000.  Due to lack of working capital,  the Company has not completed this
program.  At July 31, 2005, the Company provided a $3,500 reserve for impairment
of the mining property acquisition costs.

                                       5
<PAGE>
Note 4 DUE TO RELATED PARTY

The $700  amount due to related  party at January  31, 2007 and July 31, 2006 is
due a director of the Company, is non-interest bearing, and is due on demand.

Note 5 COMMON STOCK

During the period from  February  22, 2005  (Inception)  to January 31, 2007 the
Company sold a total of 8,500,000  shares of common stock to 40 individuals  and
received total cash proceeds of $31,000.  4,000,000  shares were sold to company
officers  and  directors at a price of $0.001 per share.  2,000,000  shares were
sold to other  individuals at a price of $0.001 per share,  and 2,500,000 shares
were sold to other  individuals at a price of $0.01 per share. On June 30, 2006,
the  Securities  and  Exchange   Commission  declared  effective  the  Company's
Registration  Statement on Form SB-2 to register the 4,500,000  shares of common
stock not owned by Company officer and directors.

At January 31, 2007, there are no outstanding stock options or warrants.

Note 6 INCOME TAXES

No provisions for income taxes have been recorded since the Company has incurred
losses since inception.  Based on management's  present assessment,  the Company
has not yet  determined  it to be more likely than not that a deferred tax asset
of $10,530  attributable  to the future  utilization  of the net operating  loss
carryforward  of $30,971 as of January 31, 2007 will be  realized.  Accordingly,
the Company has provided a 100% allowance  against the deferred tax asset in the
financial  statements.  The  Company  will  continue  to review  this  valuation
allowance  and  make   adjustments  as  appropriate.   The  net  operating  loss
carryforward  expires  $9,808 in year 2025,  $18,767 in year 2026, and $2,396 in
year 2027.

Current tax laws limit the amount of loss  available to be offset against future
taxable income when a substantial  change in ownership  occurs.  Therefore,  the
amount available to offset future taxable income may be limited.

Note 7 RELATED PARTY TRANSACTIONS

The president of the Company  provides  management  services and office space to
the Company at no cost. For the period February 22, 2005  (inception) to January
31,  2007,  these  services  were valued at and  expensed for a total of $17,100
($4,500 in the period  February  22, 2005 to July 31,  2005,  $8,400 in the year
ended July 31, 2006, and $4,200 in the six months ended January 31, 2007),  with
the same amounts added to additional paid-in capital.

                                       6
<PAGE>
FORWARD LOOKING STATEMENTS

Certain matters discussed or referenced in this report, including expectation of
increased revenues and continuing losses, our financing requirements, our
capital expenditures and our prospects for the development of our grocery
distribution business, are forward-looking statements. Other forward-looking
statements may be identified by the use of forward-looking terminology such as
"may", "will", "expect", "believe", "estimate", "anticipate", "intend",
"continue", or similar terms, variations of such terms or the negative of such
terms. All forward-looking statements speak only as of the date of this report,
and we expressly disclaim any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained in this report
to reflect any change in our expectations with regard to such statements or any
change in events, conditions or circumstances on which any such statement is
based. Although such statements are based upon our current expectations, and we
believe such expectations are reasonable, such expectations, and the
forward-looking statements based on them, are subject to a number of factors,
risks and uncertainties that could cause our actual results to differ materially
from those described in the forward-looking statements, including those
described below and in our other filings with the Securities and Exchange
Commission.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

OVERVIEW

We are in the business of mineral property exploration. March 3, 2005, we
acquired a 100% undivided right, title and interest in and to our sole mineral
property asset, known as the Copper Road I - VI claim (the "Claims"), located
Approx 2 Kilometers East of Deep Water Bay (N.T.S. 92K/03W) Quadra Island of
British Columbia.

We have not, nor has any predecessor, identified any commercially exploitable
reserves of these minerals on our mineral Claims. We are an exploration stage
company and there is no assurance that a commercially viable mineral deposit
exists on our mineral Claims. After acquiring the Copper Road I - VI claim, we
commissioned Mr. Laurence Sookochoff to prepare a geological report on mineral
exploration potential of the Copper Road I - VI claim. In his report, Mr.
Sookochoff concluded that the Copper Road I - VI claim has the potential to host
significant amounts of mineralization and that further exploration of the
property is warranted. Mr. Sookochoff recommended a four phase exploration
program to further delineate the mineralized system currently recognized on the
Copper Road I - VI claim.

To date, we have completed Phase I of our exploration plan.

PLAN OF OPERATIONS

Our business plan is to proceed with the exploration of the Copper Road I - VI
Claim to determine whether there are commercially exploitable reserves of gold,
silver, copper or other metals. We decided to proceed with Phase I of the
exploration program recommended by Lawrence Sookachoff. Phase I of our

                                       7
<PAGE>
exploration program, which cost the Company $7,500, consisted of trenching and
sampling on the Copper Road property. The samples assayed significant values for
copper.

Mr. Sookochoff provided the Company with an updated report on our Claim on July
17, 2006, after completion of Phase I of our exploration program. Based on the
results of the Phase I exploration program, Mr. Sookochoff suggested that we
commence Phase II. The estimated cost of this work is U.S. $7,500. Due to
inclement weather conditions, and lack of funds, we have not yet commenced Phase
II of our exploration program.

The company currently dues not have capital to complete Phases II through IV of
the program. In addition to the exploration program costs, we estimate we will
incur $5,000 in administrative costs for the year following the date of this
quarterly report. Accordingly, the company will need to raise additional funds
required to meet ongoing capital needs. The most likely source of future funds
presently available to us is through the sale of equity capital. Any sale of
share capital will result in dilution to existing shareholders. The only other
anticipated alternative for the financing of further exploration would be
advances from related parties and joint venture or sale of a partial interest in
the Copper Road I - VI claim to a third party in exchange for cash or
exploration expenditures, which is not presently contemplated.

GOING CONCERN

We have not attained profitable operations and are dependent upon obtaining
financing to pursue any extensive exploration activities. For these reasons our
auditors stated in their report on our audited financial statements that they
have substantial doubt we will be able to continue as a going concern.

FUTURE FINANCINGS

We plan to offer and sell our common shares and/or arrange for advances from
related parties in order to fund our business operations. There can be no
assurance that additional funding will be available on favorable terms, if at
all. If adequate funds are not available, we may be required to curtail
operations significantly. Issuances of additional shares will result in dilution
to our existing shareholders.

OFF-BALANCE SHEET ARRANGEMENTS

We have no significant off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on our financial condition,
changes in financial condition, revenues or expenses, results of operations,
liquidity, capital expenditures or capital resources that is material to
stockholders.

ITEM 3. CONTROLS AND PROCEDURES.

As required by Rule 13a-15 under the Securities Exchange Act of 1934 (the
"Exchange Act"), we carried out an evaluation of the effectiveness of the design
and operation of our disclosure controls and procedures as of January 31,2007,
being the date of our most recently completed fiscal quarter. This evaluation
was carried out under the supervision and with the participation of our Chief

                                       8
<PAGE>
Executive Officer and Chief Financial Officer, Mr. Christopher Paterson. Based
upon that evaluation, our Chief Executive Officer and Chief Financial Officer
concluded that our disclosure controls and procedures are effective in timely
alerting management to material information relating to us required to be
included in our periodic SEC filings. There have been no significant changes in
our internal controls or in other factors that could significantly affect
internal controls subsequent to the date we carried out our evaluation.

Disclosure controls and procedures are controls and other procedures that are
designed to ensure that information required to be disclosed in our reports
filed or submitted under the Exchange Act is recorded, processed, summarized and
reported, within the time periods specified in the Securities and Exchange
Commission's rules and forms.

Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed in our
reports filed under the Exchange Act is accumulated and communicated to
management, including our Chief Executive Officer and our Chief Financial
Officer, to allow timely decisions regarding required disclosure.

During our most recently completed fiscal quarter ended January 31, 2007 there
were no changes in our internal control over financial reporting that have
materially affected, or are reasonably likely to affect, our internal control
over financial reporting.

The term "internal control over financial reporting" is defined as a process
designed by, or under the supervision of, the registrant's principal executive
and principal financial officers, or persons performing similar functions, and
effected by the registrant's board of directors, management and other personnel,
to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles and includes those policies and
procedures that:

(a) Pertain to the maintenance of records that in reasonable detail accurately
and fairly reflect the transactions and dispositions of the assets of the
registrant;

(b) Provide reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with generally accepted
accounting principles, and that receipts and expenditures of the registrant are
being made only in accordance with authorizations of management and directors of
the registrant; and

(c) Provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of the registrant's assets that
could have a material effect on the financial statements.

                                       9
<PAGE>
                                     PART II

ITEM 1. LEGAL PROCEEDINGS

We are not party to any legal proceedings.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES

We did not issue any securities without registration pursuant to the Securities
Act of 1933 during the three months ended January 31, 2007.

(b) Use of Proceeds. We will not receive any proceeds from the sale of shares of
our common stock being offered by the selling security holders pursuant to our
Registration Statement of Form SB-2, File No. 333-128697.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

No matters were submitted to our security holders for a vote during the first
quarter of our fiscal year ending January 31, 2007.

ITEM 5. OTHER INFORMATION

There were no material changes to the procedures by which security holders may
recommend nominees to the registrant's board of directors.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8K

EXHIBITS AND REPORTS ON FORM 8-K.

(a) Exhibits and Index of Exhibits

Exhibit
Number                           Description of Exhibit
------                           ----------------------
31.1     Certification of Chief Executive Officer and Chief Financial Officer
         pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302
         of the Sarbanes-Oxley Act of 2002
32.1     Certification of Chief Executive Officer and Chief Financial Officer
         pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
         of the Sarbanes-Oxley Act of 2002

(b) Reports on Form 8-K.

The Company did not file any Current Reports on Form 8-K during the three month
period ended January 31, 2007 and has not filed any Current Reports on Form 8-K
since January 31, 2007.

                                       10
<PAGE>
                                   SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

March 6, 2007

Cantop Ventures, Inc.


/s/ Christopher Paterson
------------------------------
Christopher Paterson
President, Principal Accounting Officer and
Principal Financial Officer

                                       11