Entourage Health Corp. Shareholders Approve Going-Private Transaction

Entourage Health Corp ( (TSE:ENTG) ) has provided an announcement.

Entourage Health Corp. has announced that its shareholders have approved a going-private transaction, where 1001095275 Ontario Inc., a related party of LiUNA Pension Fund, will acquire all outstanding common shares for $0.005 each. The transaction, which received overwhelming shareholder support, is expected to be finalized by March 31, 2025, pending court approval and other conditions. Post-completion, Entourage’s shares will be delisted from the TSX Venture Exchange, and the company will apply to cease being a reporting issuer under Canadian securities laws.

More about Entourage Health Corp

Entourage Health Corp. is a publicly traded company involved in the production and distribution of cannabis products for both medical and adult-use markets. The company operates a licensed processing facility in Aylmer, Ontario, and has a diverse product portfolio including brands like Starseed Medicinal, Color Cannabis, and Mary’s Medicinals. Entourage has a strategic partnership with LiUNA, the largest construction union in Canada, enhancing its distribution strategy.

Average Trading Volume: 80,649

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$1.54M

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