Bullboard - Stock Discussion Forum Entourage Health Corp V.ENTG

Alternate Symbol(s): ETRGF

Healthcare

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... see more

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Entourage Health Corp > Letter of foreberance from LPF

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Post by prested on Nov 04, 2024 2:53pm

Letter of foreberance from LPF

Like the sword of Damocles LiUNA could end this sorry story so why anyone would buy is a mystery to me.

TORONTO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Entourage Health Corp. (TSX-V: ENTG) (OTCQX: ETRGF) (FSE:4WE) ("Entourage" or the "Company"), a Canadian producer and distributor of award-winning cannabis products, announced earlier it was in breach of certain financial covenants and other obligations under each of its Senior Credit Agreement and Subordinated Credit agreements with an affiliate of the LiUNA Pension Fund of Central and Eastern Canada (“LPF”). The Company is working collaboratively with LPF to agree on amended debt terms. As a positive step forward, the Company received a renewed forbearance letter dated October 31, 2024, waiving the Company’s breaches until November 29, 2024, subject to the satisfaction or waiver of certain conditions.