Entourage Well being Offers Firm Replace

TORONTO, Nov. 01, 2024 (GLOBE NEWSWIRE) — Entourage Well being Corp. (TSX-V: ENTG) (OTCQX: ETRGF) (FSE:4WE) (“Entourage” or the “Firm”), a Canadian producer and distributor of award-winning hashish merchandise, introduced earlier it was in breach of sure monetary covenants and different obligations beneath every of its Senior Credit score Settlement and Subordinated Credit score agreements with an affiliate of the LiUNA Pension Fund of Central and Jap Canada (“LPF”). The Firm is working collaboratively with LPF to agree on amended debt phrases. As a constructive step ahead, the Firm obtained a renewed forbearance letter dated October 31, 2024, waiving the Firm’s breaches till November 29, 2024, topic to the satisfaction or waiver of sure circumstances.

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About Entourage Well being Corp.

Entourage Well being Corp. is the publicly traded father or mother Firm of Entourage Manufacturers Corp., a licence holder producing and distributing hashish merchandise for the medical and adult-use markets. The Firm owns and operates a totally licensed 26,000F sq. ft. Aylmer, ON processing facility. With its Starseed Medicinal medical-centric model, Entourage has expanded its multi-channelled distribution technique. Starseed’s industry-first, unique partnership with LiUNA, the most important development union in Canada, together with employers and union teams, enhances Entourage’s direct gross sales to medical sufferers. Entourage’s elite adult-use product portfolio contains Shade Hashish, Saturday Hashish – and now Dime Bag and Syndicate – offered throughout eight provincial distribution companies. Unique Canadian producer and distributor of award-winning U.S.-based wellness model Mary’s Medicinals, offered in each medical and adult-use channels.

Observe Entourage and its manufacturers on:

Instagram:
Shade Hashish, Saturday Hashish, Dimebag

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For extra info or investor or media inquiries:
Catherine Flaman
Senior Director, Communications & Company Affairs
416-910-0279
catherine.flaman@entouragecorp.com

Ahead Wanting Data

This press launch accommodates “forward-looking info” inside the which means of relevant Canadian securities laws that are primarily based upon Entourage’s present inner expectations, estimates, projections, assumptions and beliefs and views of future occasions. Ahead-looking info could be recognized utilizing forward-looking terminology equivalent to “count on”, “doubtless”, “could”, “will”, “ought to”, “intend”, “anticipate”, “potential”, “proposed”, “estimate” and different related phrases, together with detrimental and grammatical variations thereof, or statements that sure occasions or circumstances “could”, “would” or “will” occur, or by discussions of technique.

The forward-looking info on this information launch relies upon the expectations, estimates, projections, assumptions, and views of future occasions which administration believes to be affordable within the circumstances. Ahead-looking info contains estimates, plans, expectations, opinions, forecasts, projections, targets, steering, or different statements that aren’t statements of truth. Ahead-looking info essentially contain identified and unknown dangers, together with, with out limitation, dangers related to the Firm’s capacity to pay quantities owing beneath the Senior Credit score Settlement and Subordinated Credit score agreements; the Firm being unable to fulfill the circumstances within the forbearance letter; the long run actions and co-operation of the Firm’s lenders; normal financial circumstances; opposed {industry} occasions; lack of markets; future legislative and regulatory developments; incapability to entry adequate capital from inner and exterior sources, and/or incapability to entry adequate capital on beneficial phrases; the hashish {industry} in Canada typically; the flexibility of Entourage to implement its enterprise methods; the COVID-19 pandemic; competitors; crop failure; and different dangers.

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Any forward-looking info speaks solely as of the date on which it’s made, and, besides as required by regulation, Entourage doesn’t undertake any obligation to replace or revise any forward-looking info, whether or not on account of new info, future occasions or in any other case. New elements emerge every so often, and it isn’t attainable for Entourage to foretell all such elements. When contemplating this forward-looking info, readers ought to be mindful the chance elements and different cautionary statements in Entourage’s disclosure paperwork filed with the relevant Canadian securities’ regulatory authorities on SEDAR+ at www.sedarplus.ca. The chance elements and different elements famous within the disclosure paperwork may trigger precise occasions or outcomes to vary materially from these described in any forward-looking info.