Bullboard - Stock Discussion Forum Entourage Health Corp V.ENTG

Alternate Symbol(s): ETRGF

Healthcare

Entourage Health Corp. is a Canada-based license holder producing and distributing cannabis products for both the medical and adult-use markets. The Company owns and operates a 26,000 square feet indoor facility in Aylmer, Ontario (the Aylmer Facility), specializing in product development and fulfillment for both adult-use and medical cannabis. The Company is focused on building a portfolio of... see more

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Entourage Health Corp > Yahoo -Article ---dated July 28, 2020...some positive INFOS

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Post by HappyFlowers25 on Aug 03, 2020 7:27pm

Yahoo -Article ---dated July 28, 2020...some positive INFOS

-----https://ca.finance.yahoo.com/news/four-cents-per-gram-outdoor-pot-is-piling-up-in-a-constipated-market-164337560.html--------------------------------------------Here are some important paragraphs relating to WeedMD in the Yahoo article dated July 28, 2020------------------------------------------------ -Knocking on wood, Tsebelis expects about the same yield from his second outdoor harvest. This year, the company will use one-third the labour and spend less on startup costs, since the field required only minor upgrades. He said the farm is well advanced from where it was at this time a year ago, and predicts a significant cost-per-gram reduction. . 48North and WeedMD told Yahoo Finance Canada they do not have confirmed contracts to sell their 2020 harvests. Both intend to sell outdoor cannabis through retail channels as flower and extract products like vapes. WeedMD said it is having ongoing discussions with multiple groups looking to buy a portion of the crop. Aleafia did not respond to an emailed question about plans for its 2020 harvest. -Large players like Canopy Growth (WEED.TO)(CGC) and Aurora Cannabis (ACB.TO)(ACB) have recently shut down indoor growing facilities and laid off scores of workers. Tsebelis said WeedMD sold about half of its outdoor harvest to a wholesale buyer in Australia for roughly $5 million, or about $1 per gram, in the companys most recent quarter. 48North, WeedMD and Aleafia all say their best quality outdoor strains are good enough to be sold alongside the indoor-grown dried flower they currently distribute to retailers. However, the bulk of their next outdoor harvests are expected to go towards in-house manufacturing of extracted products. ------------ WeedMds Tsebelis agrees. He said trim, a low-grade byproduct that all cultivators have on hand, can be repurposed for extraction. But using his outdoor buds will result in a better product that will gain traction with increasingly discerning consumers. We have a glut of biomass. Not necessarily a glut of high quality cannabis, he said. It is pouring gasoline on the fire. But I think there are two different fires. Since taking the reins as CEO in February hes attempted to steer the company away from reliance on wholesale revenue towards a stronger retail focus, emphasizing brands like its Colour Cannabis line. That said, he expects the 2020 outdoor crop will be sold both through wholesale and directly to consumers

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