Entourage Health Corp.: Shareholders Approve Arrangement with LiUNA Pension Fund
Toronto, Canada, March 21, 2025 – Entourage Health Corp. (TSX-V: ENTG) (OTCQX: ETRGF) (FSE: 4WE) (the “Company” or “Entourage”) is thrilled to announce that the proposed plan of arrangement (the “Arrangement”) between the Company and 1001095275 Ontario Inc. (the “Purchaser”) and 2437653 Ontario Inc. (the “Guarantor”), both related parties of LiUNA Pension Fund of Central and Eastern Canada (“LiUNA”), has been approved by the Company’s shareholders at the special meeting held on March 21, 2025 (the “Meeting”).
Key Points of the Arrangement
The Arrangement, which was first announced on December 9, 2024, involves the following key components:
- LiUNA will invest CAD 25 million in the Company through the purchase of common shares at a price of CAD 0.25 per share.
- LiUNA will provide a guarantee for a loan of up to CAD 15 million to the Company.
- LiUNA will have the right to nominate two directors to the Company’s board.
The Arrangement is expected to significantly strengthen Entourage’s financial position, providing the Company with the resources it needs to execute its business plan and continue its growth.
Impact on Shareholders
The approval of the Arrangement by Entourage’s shareholders represents a significant vote of confidence in the Company’s future prospects. The CAD 25 million investment by LiUNA at a premium to the market price will provide a boost to the Company’s share price and increase the value of existing shareholders’ holdings.
Impact on the World
The Arrangement between Entourage and LiUNA is a testament to the growing recognition of the potential of the cannabis industry. The investment by LiUNA, one of Canada’s largest pension funds, underscores the confidence that institutional investors have in the long-term growth prospects of the industry.
Furthermore, the Arrangement is expected to have a positive impact on Entourage’s operations. The additional capital will enable the Company to expand its production capacity, enter new markets, and invest in research and development. This, in turn, is likely to create new jobs and contribute to the economic growth of the communities in which Entourage operates.
Conclusion
The approval of the Arrangement by Entourage’s shareholders represents an important milestone in the Company’s development. With the support of a reputable and significant investor like LiUNA, Entourage is well positioned to capitalize on the growing opportunities in the cannabis industry. The investment is expected to provide a significant boost to the Company’s financial position, enabling it to execute its business plan and create value for its shareholders. Furthermore, the Arrangement is expected to have a positive impact on the wider industry, contributing to its growth and creating new jobs and economic opportunities.
Entourage is committed to continuing its focus on delivering high-quality cannabis products and services to its customers. The Company remains dedicated to its mission of improving the lives of its customers through the therapeutic benefits of cannabis.
