Canadian cannabis company Entourage Health Corp. plans to go private in a deal with its primary investor and lender, a major pension fund. According to a purchasing agreement with 1001007762 Ontario Inc., the affiliate of LiUNA Pension Fund of Central and Eastern Canada (LPFCEC) will acquire all of Entourage’s issued and outstanding common shares for 0.005 […]
Canadian cannabis producer Entourage Health Corp. (TSXV: ENTG) – formerly WeedMD – will be taken private by LiUNA Pension Fund of Central and Eastern Canada for C$0.005 per share, the companies announced Monday, following months of mounting losses and debt covenant breaches. Entourage faces C$167.6 million in debt under credit agreements with the Laborers’ International […]
On Friday, Entourage Health Corp. (TSX-V: ENTG) (OTCQX: ETRGF) released its financial results for the three months ending September 30, 2024. Entourage reported total revenue increased by 11% to C$13.6 million over last year’s C$12.2 million. Entourage trimmed its losses to C$8.3 million from last year’s loss of C$9.9 million. Behind the revenue CFO Vaani Maharaj […]
The struggling Canadian operator gets another month of breathing room on debt terms from its union pension fund lender. Entourage Health Corp. (TSXV: ENTG) has received its second debt forbearance extension in less than a month, buying more time to restructure its financial obligations amid mounting losses. The Canadian cannabis producer said Friday it reached […]
