500-1000% Upside From Here in less than 4 MonthsAmusing and Interesting returning to the board to see the same individuals negatively misconstruing what this stock represents. Have no idea about ndividual motivations, but you'll find this element on all boards. On some level I thank them, as they likely have helped me personally obtain a strong ENTG position at a very low bargain basement price, after a healthy return in March.
The value of any company is not predicated on the current price, and it is imperative to examine all fundamentals and forward multilateral positioning effectively and clearly to understand potential. Let's just cover a few of the many highlights:
-Entourage Health owns both a huge outdoor facility and large indoor ones as well. Financing is locked in with the Bank Of Montreal. Just the skyocketing value of Real Estate in their area over the past few years has probably enhanced overall value dramatically in and of itself, but that is an aside.
-They also have their own processing facility (CX Enterprises) in Strathroy and have obtained a significant exclusive contract with Mary's Medicinals to produce and distribute a vast array of MM products in Canada. One product which has been very successful in the US to help curb opiod addication has been the MM patches, which are just now physically on the market in Canada with ENTG. Governments are now giving more attention to opiod addication, and this could be a truly huge product.
-Currently the patches will be available through Starseed Medicinal, which incidentally services directly The Laborers International Union of North America. In Canada, Liuna has over 100,000 members who can order their cannabis directly from Entourage Health under special license omitting the middle man in the process. The purchase may well be covered by Health Insurance in Canada with a doctor's prescription. When cannabis is legalized federally in the US, ENTG will also have it's foot in the door with a much larger United States LiUNA consituency there as well.
-Starseed also sells the host of ENTG products to the general public and also produces and distributes the highly regarded Entourage Health/Weed MD Colour Cannabis and Saturday Cannabis lines for the recreational market.
-Other recent products include Fire and Flower softgels just introduced, and then of course we have the huge five year contract to provide the cannabis for a new line of innovative cannabis beverages backed by Boston Beer, a 7 billion dollar company. Entourage has an exclusive five year contract for cannabis production and final product distribution within Canada, and the new exciting products will already be available later this year.
-Boston Beer incidentally chose entourage because ENTG now has distribution channels in 95% of Canada, plus Starseed Direct Sales to Liuna Members and the general public, and also has a major presence at Shopper's Drug Mart (though the new cannabis beverage line likely will not be sold there-ha!)
-Further, Cannabis legislation will soon be underway in the US House of Representatives to legalize banking for cannabis and more in States where cannabis is currently legal, and Senate leader Chuck Schumer has vowed to push cannabis legislation through the US Senate with the possibility to legalize it or decriminalize it on the Federal Level. This is a huge development as Mitch McConnell (the prior person in charge of the Senate) would not bring cannabis legislation to a floor vote. Nearly all Cannabis stocks have been under pressure for several months now and near term action may well release the pressure valve.
-Entourage Health is also producing very popular vaping products, and is working on hashish resins as well.
-Last for now, on August 10th, ENTG announced record quarterly revenues of 13.8 million dollars. In general it is recommended to read all newswire releases to fully appreciate the great progress this amazing company continues to make
Literally all of the 17 cannabis stocks I personally track have been under extreme pressure for several months. It is important to understand that a simple return to the March high of .99 yields an approximate 500% return...and ENTG has added so much to it's diverse portfolio since then!