Entourage Health Continues to Expand Medical Offerings with Launch of CBD Chewing Gum and Signs New Union Group to the Starseed Medicinal Program
posted on
Mar 27, 2023 07:30AM
Over $12.2 million revenue in Q3 2023
TORONTO, March 27, 2023 (GLOBE NEWSWIRE) -- 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 the expansion of its medical portfolio with the launch of a new CBD chewing gum available to Starseed Medicinal patients on the Company’s medical platform.
Expanding medical services with enriched patient care and new product offerings is reshaping how Canadians access medical cannabis treatments, exemplifying Starseed’s commitment to elevating the client experience. The Company has further developed its medical product portfolio by launching a new CBD chewing gum formulated to provide a rapid onset of CBD with 20 mg per unit (200 mg per pack). Cannabis-infused gum is made using CBD isolate in partnership with NordicCan, a global leader in oral and intra-oral delivery systems. The sugar-free gum is naturally flavoured with eucalyptus-lemon-mint, providing a controlled release of cannabinoids conveniently and discreetly.
Entourage is also pleased to announce it has added a new union group to its full-service, proprietary medical cannabis program in partnership with leading benefits provider Union Benefits – the administrator of union group benefits to over 12,000 members. The medical cannabis plan provides eligible union members and their dependents access to practitioners specializing in the authorization of medical cannabis as an insured benefit. Additionally, Starseed provides a unique platform with no co-pay or out-of-pocket insurance costs and is currently recognized as one of the only medical cannabis programs in the world to offer access to direct billing.
"Our commitment to developing innovative product formulations has led us to engage with industry partners as part of our ongoing commitment to meeting our patients’ changing and varied needs. Introducing CBD chewing gum allows us to improve the patient experience with a consistent pipeline of products," said George Scorsis, CEO and Executive Chair. “We are proud to welcome our newest member union to our full-service Starseed medical platform. Through our partnership with Union Benefits, we are eliminating barriers to members accessing medical cannabis as an alternative therapy, educating patients, and providing responsible treatment options."
More recently, Starseed increased its service offerings by partnering with HelloMD’s virtual telehealth network and now provides tailored patient treatment plans, plus resources hosted on a virtual education platform.
Starseed currently offers over 45 products, including cannabis-infused soft chews, transdermal patches, balms, oils, capsules, vapes, and dried flower products. The Company has partnered with Pineapple Express to provide same-day and next-day delivery as an added convenience to patients residing within select areas in Ontario.
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For more information, please visit us at www.entouragehealthcorp.com
About Entourage Health Corp.
Entourage Health Corp. is the publicly traded parent Company of Entourage Brands Corp. 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. 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. With the launch of Syndicate, Entourage now hosts another unique medical marketplace that offers patients a collective of Canadian micro-cultivators’ products, along with Entourage’s family of brands. Entourage’s elite adult-use product portfolio includes Color Cannabis and Saturday Cannabis – sold across eight provincial distribution agencies. 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, which launched in summer 2022, starting in select provinces. In addition, Entourage also entered into an exclusive agreement with Irwin Naturals, a renowned nutraceutical and herbal supplement formulator of popular branded wellness products sold across North America. The new line of CBD soft gels is now available on Starseed’s medical platform.
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For Investor & Media Enquiries:
Catherine Flaman
Senior Director, Communications & Corporate Affairs
416-910-0279
Catherine.flaman@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 using 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.
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.
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