TORONTO—Entourage Health Corp. (TSX-V: ENTG, OTCQX: ETRGF, FSE: 4WE), a prominent Canadian producer and distributor of cannabis products, has announced the results of its 2024 Annual General Meeting (AGM). Held virtually on June 12, 2024, the AGM saw shareholders overwhelmingly approve all proposed resolutions, signaling strong confidence in the company's strategic direction and leadership.

Background and Context

Entourage Health, a key player in the cannabis industry, has undergone significant transformation over the past year to align its operations with market demands. Known for its award-winning cannabis products, Entourage has positioned itself as a leader in both the medical and adult-use sectors. The company's annual general meeting marks a pivotal moment, reflecting its commitment to sustainable growth and innovation.

Key Highlights and Advantages

The AGM results underscore several critical points:

• Director Elections: All nominated directors, including George Scorsis, Gail Paech, Bruce Croxon, and Jason Alexander, were elected with a combined average approval rating of 97%.
• Auditor Re-appointment: MNP LLP was re-appointed as the company’s auditor, ensuring continued financial oversight and integrity.

These outcomes highlight the shareholders' strong support for the company’s leadership and strategic vision. The re-election of directors and the re-appointment of the auditor provide continuity and stability, essential for navigating the dynamic cannabis market.

Potential Impact and Significance

The strong backing from shareholders is a testament to Entourage’s successful strategic initiatives and its potential for future growth. CEO George Scorsis emphasized the importance of this support: "As we progress, we extend our gratitude to our shareholders for their confidence in our vision for sustainable, profitable growth."

The company's strategic transformation has involved optimizing operations and expanding its product offerings, positioning Entourage to seize new opportunities and drive value. This AGM serves as a crucial step in reinforcing the company's foundation for continued success.

Expert Opinions and Analysis

Industry analysts view the AGM results positively, noting the alignment between shareholder confidence and the company's strategic direction. "Entourage's clear focus on sustainable growth and innovation places it in a strong position within the competitive cannabis market," said one analyst.

George Scorsis, Executive Chair and CEO, acknowledged the contributions of the board and shareholders: "I also want to recognize the contributions and support from our directors as we strive to achieve new milestones and elevate our company to achieve even greater success."

Challenges and Considerations

While the AGM results are a positive indicator, Entourage must continue to address challenges inherent in the cannabis industry. Regulatory changes, market competition, and operational efficiencies remain areas of focus. The company's proactive approach to these challenges, as seen in its strategic transformation, positions it well to navigate potential hurdles.

Conclusion

Entourage Health's 2024 AGM results mark a significant milestone, demonstrating strong shareholder confidence and setting the stage for future growth. With a strategic focus on innovation, operational excellence, and market expansion, Entourage is poised to capitalize on new opportunities and drive long-term value.

The overwhelming support from shareholders and the re-appointment of key directors and auditors reflect a robust foundation for the company's continued success. As Entourage Health moves forward, it remains committed to achieving new milestones and maintaining its leadership position in the cannabis industry.

For more information, Entourage Health will continue to update stakeholders on its progress and strategic initiatives.

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