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
the expansion of its Color Cannabis adult-use lineup with the
launch of three new premium products now available in Ontario, with
expected expansion across Canada throughout the first quarter of
2022.
New specialty concentrate:
Crafted from Entourage’s award-winning cultivar, ‘Pedro's Sweet
Sativa Live Sugar’ is a 77% to 83% THC live resin cannabis
concentrate that is hydrocarbon extracted from fresh frozen flower
to produce a sugar-in-honey consistency extract. Processed at the
Company’s Aylmer facility, it represents the latest expansion into
new cannabis offerings.
New pre-roll product:
Terpene-rich cultivar ‘Black Sugar Rose’ debuts its 18% to 24% THC
10x3.5g pre-roll pack, which is gently milled directly from whole
flower and conveniently packaged for single-session use. This is
the latest Color cultivar added to the family of pre-roll products
now available.
New small-batch cultivar:
‘Space Cake’, a 20% to 26% THC indica-dominant hybrid available in
a 3.5g whole-flower format is a rare cross between cultivars Girl
Scout Cookies and Snow Lotus. With its terpene-rich notes of musk
and creamy diesel cues, Space Cake is small-batch-cultivated at
Entourage’s Strathroy facility. This is the first in a series of
commercially viable new cultivars coming in 2022.
“Following the recent enhancements to our
cultivation programs and success of our in-house growing trials, we
are excited to confirm we are broadening into the premium cannabis
market with new flower and product formats drawn from our extensive
genetics bank of higher potency, terpene-rich cultivars,” said
George Scorsis, Interim CEO and Executive Chair. “Ensuring we are
aligned with consumer preferences for innovative and consistent
product flows will be key to the steady growth and success of our
adult-use products under Color, Saturday and recent craft addition,
Royal City Cannabis. Our portfolio has been carefully curated and
the result is a lineup of whole flower, pre-rolls and concentrates
garnering accolades across Canada. With our newest additions from
Color, we expect to continue strengthening our portfolio with
favoured products throughout 2022 as we launch additional cultivars
and products nationwide.”
Recent retail data shows that Entourage
experienced major growth in the premium flower and pre-roll market
segments in 2021, representing a 535% sales increase over the prior
year, with a 2.1% market share (Ref: Hifyre Data as of Dec. 31,
2021, published Jan. 2022). Additionally, its Color Cannabis
brand was a top 10 performer in terms of retail growth in 2021 up
66% from the prior year (Ref: Buddi Data, Jan 5, 2022),
representing growing consumer market share.
Also in late 2021, the Company’s craft brand
Royal City Cannabis Co. launched ‘RC Mango Haze Iced Hash’, and ‘RC
Moonfire Crescent Hash’ processed at Entourage’s solventless
specialty facility in Guelph, ON; its Saturday Cannabis brand
debuted ‘Sweet & Sour Sativa Ready-to-Roll’ milled flower as
well as vapes in ‘Blood Orange’ and ‘Watermelon’ flavours; and
Color Cannabis released vapes in ‘Mango Haze Live Resin’ and ‘Black
Sugar Rose Live Resin’. All vapes are processed in-house at
Entourage’s extraction facility in Aylmer, ON.
To read Entourage’s recent Shareholder
Newsletter 2022, visit our 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 Entourage Brands Corp.
(formerly 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 2021, Entourage acquired craft
cultivator CannTx Life Sciences Inc. which operates out of its
state-of-the-art micropropagation and specialty extraction facility
in Guelph, Ontario. Entourage’s elite adult-use product portfolio
includes craft brand Royal City Cannabis, 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
LinkedInTwitter: 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 included in this press
release includes, but is not limited to, statements in respect of
the Company’s anticipated achievement of profitability.
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.
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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