Much positive News In the Course of Three DaysJust since Monday:
-ENTG has demonstrated strength completing growth expansion of products through the acquisition of CannTx. Researching this further, they will be adding specialized products including resins and hash. From Monday's detailed release:
'With new strains and further product expansion into hash, rosin production, tissue culture, micropropagation and craft cultivation specialties,'
This is a far more impressive development than I originally thought.
Further, within that same release they announced a further securing of their second 30 million dollar credit facility through 2022:
' The Company also announced today that it has signed an amendment to its second secured credit facility entered into on September 30, 2020 (the “Credit Facility”). The amendments to the Credit Facility modify the terms under which Entourage secured up to $30 million of debt financing over a two-year term ending in 2022.'
Today they company made strategic personnel changes, and after opening at .17 someone made an 800k approx. sale to psche out the market.
Short Seller? someone who didn't get a coveted job? Who knows? No matter, this was a clear manipulation and will quickly pass. ENTG facts have only strengthened.