Entourage Health Corp.
(
TSX-V:ENTG) (
OTCQX:ETRGF)
(
FSE:4WE) (“
Entourage” or the
“
Company”), a Canadian producer and distributor of
award-winning cannabis products is pleased to announce it has
entered into an exclusive licensing, manufacturing and distribution
agreement (the “Agreement”) with Irwin Naturals Inc
. (CSE:
IWIN) (FRA: 97X) (“Irwin Naturals” or “Irwin”), a renowned
nutraceuticals and herbal supplement formulator of popular branded
wellness products sold across North America. The new line of CBD
and THC products to be produced under the Agreement, curated by
Entourage alongside Irwin’s wholly owned subsidiary Irwin Naturals
Cannabis, are expected to launch first on Entourage’s Starseed
Medicinal channel in Q4, 2022, with eventual expansion into retail
markets across Canada.
Under the terms of the Agreement, Entourage will
manufacture the newly formulated suite of Irwin-branded line of
softgels in five different varieties: CBD, THC and three additional
formulations that include both THC and another cannabinoid. In
light of recent recommendations issued by Health Canada’s Science
Advisory Committee on Health Products Containing Cannabis, the
Irwin-branded CBD products could eventually launch over-the-counter
in pharmacies across Canada.
“This is a timely partnership that brings
together Irwin Naturals, a trusted leader in the nutraceuticals
wellness market for close to three decades, and Entourage as one of
the first licensed producers to expand its cannabis products into
the self-care medical market,” said George Scorsis, Executive
Chairman and CEO, Entourage. “With Irwin’s highly regarded
portfolio of products and brand loyalty coupled with our expertise
in medical cannabis, we are introducing a game-changing pairing
that will debut an array of Irwin Naturals-branded cannabis
products in unique THC and CBD formulations. Additionally, we
applaud the latest regulatory recommendations that could
potentially put Irwin Naturals-branded CBD line on shelves across
national pharmacies as Canadians look for accessible ways to
include quality produced CBD products into their self-care
regimes.”
Klee Irwin, CEO of Irwin Naturals said, “We’ve
set out to become the first household brand to have its products
available on dispensary shelves across America. This partnership
with Entourage takes that plan international, pairing our trusted,
proven herbal supplement business with a cutting-edge cannabis
company to open a new frontier in our business. Entourage’s
sustainable growth hub and its state-of-the-art extraction
practices make it the perfect company to provide an array of new
cannabis products for customers who have come to love and trust
Irwin Naturals over the past 28 years.”
Expanded Medical Services
Entourage is fully committed to expanding its
medical product portfolio as the Company looks to provide greater
service and products to its patient base – which has grown over 50%
since merging the Starseed Medicinal brand under the Entourage
family in late 2019. The Company has expanded partnerships with
unions, employers, insurers and benefit providers which has seen a
surge in patient registrations over recent months. Starseed offers
exclusively available products such as acclaimed U.S.-wellness
brand Mary’s Medicinals - which as of June 30, 2022 held 51% of the
market share for all medical cannabis-infused topicals sold in
Canada.
Starseed’s direct-to-patient medical marketplace
currently offers over 45 products, including cannabis-infused soft
chews, transdermal patches, compounds (balms), oils, capsules,
vapes, and dried flower products, including a new high-THC cultivar
reserve (15g). The Company recently announced its partnership with
HelloMD, a leading online telehealth network to provide expanded
access to cannabis-trained medical practitioners and Pineapple
Express to provide same-day/next day delivery as an additional
convenience to patients residing within select areas in Ontario.
For more information, visit Starseed’s website here.
Visit Entourage’s website here to access the
latest Company updates.
About Entourage Health
Corp.
Entourage Health Corp. 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 state-of-the-art hybrid
greenhouse and processing facility located on 158-acres in
Strathroy, ON; a fully licensed 26,000 sq. ft. Aylmer, ON
processing facility, specializing in cannabis extraction; and a
micropropagation, tissue culture and genetics centre-of-excellence
in Guelph, Ontario. With its Starseed Medicinal 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. Entourage’s elite adult-use product portfolio
includes Color Cannabis, Saturday Cannabis and Royal City Cannabis
Co.– 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. Under a collaboration with The Boston Beer
Company subsidiary, Entourage is also the exclusive distributor of
cannabis-infused beverages ‘TeaPot’ in Canada, expected to launch
in 2022.
About Irwin Naturals
Irwin Naturals has been a household name and
best-in-class herbal supplement formulator since 1994. It is now
leveraging its brand to enter into both the cannabis and
psychedelic industries. On a mission to heal the world with plant
medicine, Irwin’s growing portfolio of products is available in
more than 100,000 retail doors across North America where nearly
100 million people know the Irwin Naturals brand. In 2018, the
Company first leveraged its brand to expand into the cannabis
industry by launching hemp-based CBD products into the mass market.
The Company is now leveraging its famous halo of brand trust with
an objective to become one of the first household name brands to
offer THC-based products and psychedelic mental health treatment.
Irwin Naturals became a publicly traded company on the Canadian
Securities Exchange (CSE) in August 2021. The Company’s shares
began to be traded on the OTCQB Venture Market in November 2021.
More information on the Company’s stock can be found via Bloomberg
as well as the Wall Street Journal.
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, investor or
media inquiries, please contact:
Marianella delaBarreraSVP, Communications &
Corporate
Affairs416-897-6644marianella@entouragecorp.cominvestor@entouragecorp.commedia@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 regarding the
potential availability of cannabis products in pharmacies and the
anticipated date of availability of Irwin-branded products.
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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