Entourage Health Corp V.ENTG

Entourage Health/LiUNA Pension Fund Upsize Credit Facility

[Betteryear2]

TORONTO, April 29, 2022 (GLOBE NEWSWIRE) -- Entourage Health Corp. (formerly WeedMD Inc.) (TSX-V:ENTG) (OTCQX:ETRGF) (FSE:4WE) (“Entourage” or the “Company”), a Canadian producer and distributor of award-winning cannabis products and brands, is pleased to announce it has amended and upsized its existing credit facility (the “Credit Facility”) with an affiliate of the LiUNA Pension Fund of Central and Eastern Canada (“LPF”), adding an additional $15 million in funding availability. The Credit Facility will be used by Entourage for general working capital purposes as the Company continues to execute a balanced approach to achieving sustainable profitable growth by the end of 2022.
 

Entourage Health and LiUNA Pension Fund Upsize Credit Facility with Additional $15 Million in Funding Availability

[prested]

The company is basically a subsiduary of LiUNA now. What exactly a "balanced approach to achieving sustainable profit" I don't know. I guess it means they hope that by the end of 2022 they will be closer than they are now to making a profit. Playing for time and delaying the inevitable bankruptcy seems the BOD aim. Hardly surprising that they would be unemployable anywhere else so

[Nicksonsnowboar]

Judging by the volume did they cancel the conference call.