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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 Ackilleson Mar 03, 2021 12:26pm
287 Views
Post# 32705528

Falling prices

Falling pricesNot sure if you guys are aware of this, but, there have been market wide losses for some time. I have some solid stocks that were down 50% from their recent highs. This stock is no different. Right now, weedmd is lucky to be trading at these levels. This industry was in the penalty box for good reason and the stocks are finally starting to start trading at fair values. I know its frustrating to see some weed stocks go up and yours doesn't, but it's to be expected. The larger companies will always outperform because they still have the means to aquire companies and spend money in general. As for the writing down of goodwill, its to be expected across the industry. All these companies overpaid for assets because they had high sales expectations. Now, they are going to all have impairment charges to those CGU's. I'm guessing the CGU was known to be impaired in the current quarter but they were mistaken in which period to apply the impairment to. It's a grey area in accounting and based on professional judgement. Anyhow, as for the stock bashers, they are pathetic and prevalent in weed stocks. They bought high and sold low and are frustrated. Did I mention they are pathetic? Oh, and buy the way, if you spend a stupid amount of time on stockhouse forums thinking you are making a difference in someone's decision to sell...you are pathetic...that is all.
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