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Entourage Health Corp V.ENTG

Alternate Symbol(s):  ETRGF

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 brands in the Canadian market, including its brand Color Cannabis, mainstream brand Saturday Cannabis, medical cannabis product brand Starseed Medicinal and its craft cannabis brand Syndicate Cannabis. The Company produces a diverse portfolio of cannabis and cannabis derivative products, including oils, capsules, soft chews, topicals, beverages and vapes, for sale in both the medical and adult-use markets across Canada. Its elite adult-use product portfolio also includes Dime Bag a pre-roll offering, sold across eight provincial distribution agencies.


TSXV:ENTG - Post by User

Post by HappyFlowers25on Jan 26, 2021 3:16pm
336 Views
Post# 32389874

WeeedMD has received CEWS payments from Federal.

WeeedMD has received CEWS payments from Federal.------------About 20 publicly traded cannabis companies including Organigram, Zenabis, Auxly and WeedMD, have cumulatively received almost $40-million in CEWS. -------------------------------------------------The Globe and Mail reports in its Tuesday edition that more than 100 licensed cannabis companies and their subsidiaries have received tens of millions of dollars in payments from the Canada Emergency Wage Subsidy program, raising new questions about the policy intentions of the program and whether it meant to subsidize a sector that was already in the throes of consolidation. The Globe's Vanmala Subramaniam writes that at least 20 publicly traded cannabis companies cumulatively collected more than $ from Federal40-million in CEWS payments, while dozens of others received the subsidy but chose not to disclose the amount in their financial filings. For the cannabis industry, 2020 was the year of bankruptcies, mergers and acquisitions, exposing the winners and losers of the sector after years of overspending. CEWS was first introduced by the federal government on March 27, 2020, to help businesses that had seen a drop in revenue owing to COVID-19 cover part of their employees' wages. The goal was to prevent further job losses and allow firms to rehire workers that had been laid off. About 20 publicly traded cannabis companies including Organigram, Zenabis, Auxly and WeedMD, have cumulatively received almost $40-million in CEWS.
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