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 entered into a commercial arrangement with Olli Brands
Inc. ("OBi”) to produce a suite of cannabis soft chews
for sale under the Company’s Starseed Medicinal brand. Product
availability is expected to commence on November 30, 2021.
The edible cannabis products will be available
in CBD, THC and 1:1 soft chews for exclusive, initial release in
two-unit packages, via Entourage’s medical channel, Starseed
Medicinal in the following flavours: strawberry-elderberry,
pineapple-tangerine, and lemon-lime.
“Following patient and consumer insights and
feedback, our product development team set out to produce choice,
cannabis ingestibles, partnering with renowned edibles producer
Olli Brands to develop flavours and formulations that effectively
complement our well-established product portfolio,” said Joseph
Mele, Chief Commercial Officer, Entourage. “Recognizing our
strength as cultivators with a specialty in cannabinoid extraction,
we’re excited to announce the product expansion and launch of our
cannabis infused-soft chews lineup specifically formulated for
patients looking for alternate dosing and consumption methods.”
Entourage recently completed R&D trials
alongside OBi, producing multiple product formulations that yielded
strong and favourable results which could provide additional
product expansion opportunities. Obi is a highly skilled,
third-party, white-label processor widely recognized in Canada for
consistently and safely producing premium edible cannabis products.
OBi operates from its sophisticated manufacturing facility in
Etobicoke, Ontario.
Third-party data suggests the Canadian market
for cannabis extract-based products including edibles to be worth
C$1.6 billion annually, with over 65% of Canadians consuming or
interested in consuming edibles. Gummies and soft chews are listed
as the preferred edible format. (Reference: Nurturing New Growth;
Canada Gets Ready for Cannabis 2.0, Deloitte).
Visit Entourage Health’s newly launched website
here. To access our corporate video, visit us here and to access
our latest investor presentation and corporate deck here.
About Entourage Health
Corp.
Entourage Health Corp. (formerly WeedMD Inc.) is
the publicly traded parent company of WeedMD RX Inc. and CannTx
Life Sciences Inc., licence holders producing and distributing
cannabis products for both the medical and adult-use markets. The
Company owns and operates a 158-acre state-of-the-art greenhouse,
outdoor and processing facility located in Strathroy, ON as well as
a fully licensed 26,000 sq. ft. Aylmer, ON processing facility,
specializing in cannabis extraction. With the addition of Starseed
Medicinal, a medical-centric brand, Entourage has expanded its
multi-channeled distribution strategy. Starseed’s industry-first,
exclusive partnership with LiUNA, the largest construction union in
Canada, along with employers and union groups complements
Entourage’s direct sales to medical patients. In October 2021,
Entourage closed the acquisition of craft cultivator CannTx Life
Sciences Inc. which operates out of its state-of-the-art
micropropagation and specialty extraction facility in Guelph,
Ontario. Craft brand Royal City Cannabis was added to Entourage’s
elite product portfolio that includes adult-use brands Color
Cannabis and Saturday Cannabis – sold across eight provincial
distribution agencies. The Company also maintains strategic
relationships in the seniors’ market and supply agreements with
Shoppers Drug Mart. It is the exclusive Canadian producer and
distributor of award-winning U.S.-based wellness brand Mary’s
Medicinals sold in both medical and adult-use channels. Entourage
recently announced an exclusive collaboration with The Boston Beer
Company subsidiary to launch cannabis-infused beverages in
Canada.
For more information, please visit us at
www.entouragehealthcorp.com
Follow Entourage and its brands on LinkedIn
Twitter: Entourage, Color Cannabis, Saturday
Cannabis, Starseed & Royal City Cannabis Co.
Instagram: Entourage, Color Cannabis, Saturday
Cannabis, Starseed & Royal City Cannabis Co.
For further information, please
contact:
For Investor Enquiries:Valter
PintoManaging Director KCSA Strategic
Communications1-212-896-1254entourage@kcsa.com
For Media Enquiries:Marianella
delaBarreraSVP, Communications & Corporate
Affairs416-897-6644marianella@entouragecorp.com
Forward Looking Information
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation which are
based upon Entourage's current internal expectations, estimates,
projections, assumptions and beliefs and views of future events.
Forward-looking information can be identified by the use of
forward-looking terminology such as "expect", "likely", "may",
"will", "should", "intend", "anticipate", "potential", "proposed",
"estimate" and other similar words, including negative and
grammatical variations thereof, or statements that certain events
or conditions "may", "would" or "will" happen, or by discussions of
strategy. Forward-looking information in this press release
includes, but is not limited to, information in respect of the
manufacture and distribution of cannabis-infused beverages pursuant
to the development, supply, manufacturing, sales and marketing
agreements entered into by the Company and the prospects
thereof.
The forward-looking information in this news
release is based upon the expectations, estimates, projections,
assumptions and views of future events which management believes to
be reasonable in the circumstances. Forward-looking information
includes estimates, plans, expectations, opinions, forecasts,
projections, targets, guidance or other statements that are not
statements of fact. Forward-looking information necessarily involve
known and unknown risks, including, without limitation, risks
associated with general economic conditions; adverse industry
events; loss of markets; future legislative and regulatory
developments; inability to access sufficient capital from internal
and external sources, and/or inability to access sufficient capital
on favourable terms; the cannabis industry
in Canada generally; the ability of Entourage to
implement its business strategies; the COVID-19 pandemic;
competition; crop failure; and other risks.
Any forward-looking information speaks only as
of the date on which it is made, and, except as required by law,
Entourage does not undertake any obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise. New factors emerge from
time to time, and it is not possible for Entourage to predict all
such factors. When considering this forward-looking information,
readers should keep in mind the risk factors and other cautionary
statements in Entourage’s disclosure documents filed with the
applicable Canadian securities regulatory authorities on SEDAR at
www.sedar.com. The risk factors and other factors noted in the
disclosure documents could cause actual events or results to differ
materially from those described in any forward-looking
information.
Third Party Information This
press release includes market and industry data that has been
obtained from third party sources, including industry publications.
The Company believes that the industry data is accurate and that
its estimates and assumptions are reasonable, but there is no
assurance as to the accuracy or completeness of this data. Third
party sources generally state that the information contained
therein has been obtained from sources believed to be reliable, but
there is no assurance as to the accuracy or completeness of
included information. Although the data is believed to be reliable,
the Company has not independently verified any of the data from
third party sources referred to in this press release or
ascertained the underlying economic assumptions relied upon by such
sources
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE
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