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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 Mar 05, 2021 8:05am
293 Views
Post# 32725989

Do you know INFOR FINANCIAL Inc ?

Do you know INFOR FINANCIAL Inc ?----------------------------------Eight Capital and Canaccord Genuity Corp. as co-lead underwriters and INFOR Financial Inc. will receive 31,250,000 units of the company at a price of $ 0.48 per unit for gross proceeds of $ 15,000,000. Each unit will be comprised of one common share and one-half of one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share at an exercise price of $ 0.60, for a period of 24 months following the closing of the offering. The company has amended the over-allotment option to allow for purchases by the underwriters of up to an additional 4,687,500 units exercisable at any time up to 30 days following the closing of the offering. If this option is exercised in full, an additional approximately $ 2,250,000 will be raised and the aggregate proceeds of the offering will be approximately $ 17,250,000. If, after the one-year anniversary of the closing of the offering, the daily volume-weighted average trading price of the shares on the TSX Venture Exchange for any 10 consecutive days equals or exceeds $ 0.96, the company may, upon providing written notice to the warrant holders, accelerate the expiry date of the warrants to the date that is 30 days following the date of such written notice. The closing date is scheduled to be on or about March 12, 2021. WeedMD Inc. intends to use the net proceeds for working capital and general corporate purposes
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