Entourage Health Corp V.ENTG

Huge Positive News:20 Million More in Non-Dilutive Financing

[Wrywisdom]

https://stockhouse.com/news/press-releases/2021/12/24/entourage-health-and-liuna-pension-fund-upsize-credit-facility-with-additional

Great News for all shareholders, and congrats to new investors and those who cost averaged at these ridiculously low price points.

Was not concerned about their finances given the extraordinary array of ongoing initiatives, dramatic revenue growth and other variables in place (Including LiUNA partial ownership), but nevertheless nice for everyone to see right before Christmas.

Happy Holidays to All!

[maryhill]

This post has been removed in accordance with Community Policy

[InvestingFool50]

That makes zero sense!!!

[Wrywisdom]

See no logic in that scenario at all. LiUNA simply would not have loaned another 20 million dollars if they did not see more dramtic revenue increases and profitability around the corner. An easy move to .35-.50 by the end of January, if not before.

[Nicksonsnowboar]

Well that unfortunately isn't all true.  Linus is in a no lose situation. They are loan sharking monies out at 15% plos they have the security of facilities when and if they call it quits. Be interesting to see how this plays out. Personally I think they have to many irons in the fire  in a limited  controlled Canadian market hence  could  elevate their burn rate

[Nicksonsnowboar]

Should end the year at .07 to .08 .