Entourage Records $13 Million In Secondly Quarter Income


Entourage Wellness Corp. ( previously WeedMD Inc.) (TSX-V: ENTG) ( OTCQX: WDDMF) revealed initial unaudited earnings of $13.6 million for the 3 months finishing June 30, 2021. The firm stated this was an additional consecutive quarter of document sales development throughout its adult-use and also clinical sales networks.

” The launch of our broadened profile of items, boosted retail sales visibility and also circulation throughout Canada– integrated with additional advancements in our clinical sales system– led to consecutive quarter development and also a purposeful boost in our Q2 earnings,” stated George Scorsis, Meantime Chief Executive Officer and also Exec Chairman. “Our proceeded change efforts, price renovations and also progressively expanding customer need for our top-selling Shade Cannabis and also Saturday Cannabis dried out blossom, pre-rolls, vapes, live material, and also multi-pack items have actually placed us well for additional development. With the anticipated enhancement of craft brand name Royal City Cannabis to our profile, we’re anticipating increasing our customer offerings and also bringing added worth to our investors.”

Entourage possesses and also runs a 158-acre cutting edge greenhouse, outside, and also handling center situated in Strathroy, ON along with a totally certified 26,000 sq. ft. Aylmer, ON handling center, focusing on cannabis removal.

Call Modification

Entourage just recently altered its name from “WeedMD Inc.” to “Entourage Wellness Corp.” Its usual shares will certainly remain to be openly traded on the TSX Endeavor Exchange under the brand-new ticker icon “ENTG”, with a brand-new CUSIP variety of 293861100 and also ISIN variety of CA2938611001. These adjustments occurred on July 16.

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About the name adjustment, the firm additionally validated its exchangeable bonds developing September 25, 2022, Typical Share acquisition warrants ending September 25, 2022 and also Typical Share acquisition warrants ending March 12, 2023 and also their corresponding ticker icons “ENTG.DB”, “ENTG.WT”, and also “ENTG.WT.A”, additionally started trading on July 16.

Entourage stated it prepares to submit its second-quarter 2021 monetary declarations and also monitoring’s conversation and also evaluation pre-market on Tuesday, August 10, 2021. Entourage will certainly hold a teleconference the exact same day at 10 a.m. Eastern Time to evaluate the outcomes, offer a functional upgrade and also review current landmarks.


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Disclosure

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