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Entourage Well being Publicizes Preliminary Document Q2 Revenues of $13.6 Million and Confirms Monetary Outcomes Name to be Held on August 10, 2021 at 10 a.m. ET

TORONTO, July 20, 2021 (GLOBE NEWSWIRE) — Entourage Well being Corp. (previously WeedMD Inc.) (TSX-V:ENTG) (OTCQX:WDDMF) (FSE:4WE) (“Entourage” or the “Firm”), is happy to announce preliminary unaudited revenues of $13.6 million(1) for the three months ended June 30, 2021, representing one other sequential quarter of document gross sales development throughout its adult-use and medical gross sales channels. The Firm plans to file its second quarter 2021 monetary statements and administration’s dialogue and evaluation pre-market on Tuesday, August 10, 2021. Entourage will host a convention name the identical day at 10 a.m. Jap Time to assessment the outcomes, present an operational replace and talk about current milestones.

“The launch of our expanded portfolio of merchandise, elevated retail gross sales presence and distribution throughout Canada – mixed with additional developments in our medical gross sales platform – resulted in sequential quarter development and a significant enhance in our Q2 income,” stated George Scorsis, Interim CEO and Government Chairman. “Our continued transformation initiatives, price enhancements and steadily rising shopper demand for our top-selling Shade Hashish and Saturday Hashish dried flower, pre-rolls, vapes, stay resin, and multi-pack merchandise have positioned us nicely for additional development. With the anticipated addition of craft model Royal Metropolis Hashish to our portfolio, we’re wanting ahead to increasing our shopper choices and bringing extra worth to our shareholders.”

Convention Name Particulars:

The convention name can be hosted by Mr. Scorsis and CFO, Beth Carreon. Administration can be accessible for questions following opening remarks.

Date:

Tuesday, August 10, 2021

Time:

10 a.m. Jap Time

Dial-in Quantity:

Canada/USA: 1-800-319-4610. Worldwide Toll: 1-604-638-5340
Members, please dial in and ask to hitch the Entourage name

Replay Dial-in:

Canada/USA: 1-800-319-6413. Worldwide Toll: 1-604-638-9010
Replay Entry Code: 7459
Accessible after 12:00 p.m. Jap Time, till September 10, 2021

Go to Entourage Well being’s newly launched web site right here. To entry our company video, go to us right here and to entry our newest investor presentation and company deck right here.

About Entourage Well being Corp.

Entourage Well being Corp. (previously WeedMD Inc.) is the publicly traded dad or mum firm of WeedMD RX Inc. a licence holder producing and distributing hashish merchandise for each the medical and adult-use markets. The Firm owns and operates a 158-acre state-of-the-art greenhouse, outside and processing facility situated in Strathroy, ON in addition to a fully-licensed 26,000 sq. ft. Aylmer, ON processing facility, specializing in hashish extraction. With the addition of Starseed Medicinal, a medical-centric model, Entourage has expanded its multi-channeled distribution technique. Starseed’s industry-first, unique partnership with LiUNA, the biggest development union in Canada, together with employers and union teams enhances Entourage’s direct gross sales to medical sufferers. In July 2021, Entourage signed a definitive settlement to amass craft cultivator CannTx Life Sciences Inc. which operates out of its state-of-the-art micropropagation and specialty extraction facility in Guelph, Ontario. Upon the acquisition’s anticipated closing in late August 2021, craft model Royal Metropolis Hashish can be added to Entourage’s elite product portfolio. The Firm maintains strategic relationships within the seniors’ market and provide agreements with Customers Drug Mart in addition to eight provincial distribution businesses the place adult-use manufacturers Shade Hashish and Saturday Hashish are bought. Entourage can be the unique Canadian producer and distributor of award-winning U.S.-based wellness model Mary’s Medicinals bought in each medical and adult-use channels.

For extra info, please go to us at www.entouragehealthcorp.com

Comply with Entourage and its manufacturers on LinkedIn

Twitter: Entourage, Shade Hashish, Saturday Hashish & Starseed

Instagram: Entourage, Shade Hashish, Saturday Hashish & Starseed

For additional info, please contact:

For Investor Enquiries:
Valter Pinto
Managing Director
KCSA Strategic Communications
1-212-896-1254
weedmd@kcsa.com

For Media Enquiries:
Marianella delaBarrera
SVP, Communications & Company Affairs
416-897-6644
marianella@weedmd.com

(1) Preliminary and unaudited monetary outcomes are topic to customary monetary assertion procedures by the Firm and its auditors. Precise outcomes could possibly be affected by subsequent occasions or determinations. Whereas the Firm believes there’s a cheap foundation for these preliminary monetary outcomes, the outcomes contain recognized and unknown dangers and uncertainties which will trigger precise outcomes to vary materially. These preliminary fiscal outcomes characterize forward-looking info. See “Ahead Wanting Info” and “Monetary Outlook”.

Ahead Wanting Info This press launch incorporates “forward-looking info” throughout the that means of relevant Canadian securities laws that are based mostly upon Entourage’s present inside expectations, estimates, projections, assumptions and beliefs and views of future occasions. Ahead-looking info may be recognized by means of forward-looking terminology corresponding to “count on”, “probably”, “might”, “will”, “ought to”, “intend”, “anticipate”, “potential”, “proposed”, “estimate” and different related phrases, together with detrimental and grammatical variations thereof, or statements that sure occasions or circumstances “might”, “would” or “will” occur, or by discussions of technique. The forward-looking info on this information launch consists of, however is just not restricted to, statements in respect of the Firm’s projected income for the three months ended June 30, 2021

The forward-looking info on this information launch is predicated upon the expectations, estimates, projections, assumptions and views of future occasions which administration believes to be cheap within the circumstances. Ahead-looking info consists of estimates, plans, expectations, opinions, forecasts, projections, targets, steering or different statements that aren’t statements of truth. Ahead-looking info essentially contain recognized and unknown dangers, together with, with out limitation, dangers related to normal financial circumstances; opposed {industry} occasions; lack of markets; future legislative and regulatory developments; incapacity to entry enough capital from inside and exterior sources, and/or incapacity to entry enough capital on beneficial phrases; the hashish {industry} in Canada usually; the flexibility of Entourage to implement its enterprise methods; the COVID-19 pandemic; competitors; crop failure; and different dangers.

Any forward-looking info speaks solely as of the date on which it’s made, and, besides as required by legislation, Entourage doesn’t undertake any obligation to replace or revise any forward-looking info, whether or not on account of new info, future occasions or in any other case. New components emerge once in a while, and it’s not attainable for Entourage to foretell all such components. When contemplating this forward-looking info, readers ought to have in mind the danger components and different cautionary statements in Entourage’s disclosure paperwork filed with the relevant Canadian securities regulatory authorities on SEDAR at www.sedar.com. The danger components and different components famous within the disclosure paperwork might trigger precise occasions or outcomes to vary materially from these described in any forward-looking info.

Monetary Outlook This information launch incorporates a monetary outlook throughout the that means of relevant Canadian securities legal guidelines. The monetary outlook has been ready by administration of the Firm to supply an outlook for the income generated within the three months ended June 30, 2021 and will not be acceptable for every other function. The monetary outlook has been ready based mostly on a lot of assumptions together with the assumptions mentioned below the heading “Ahead Wanting Info” above. The precise outcomes of the Firm’s operations for any interval will probably range from the quantities set forth in these projections and such variations could also be materials. The Firm and its administration imagine that the monetary outlook has been ready on an inexpensive foundation. Nevertheless, as a result of this info is very subjective and topic to quite a few dangers, together with the dangers mentioned below the heading “Ahead Wanting Info” above, it shouldn’t be relied on as essentially indicative of future outcomes.

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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