Entourage Health Corp. Announces Closing of Plan of Arrangement

Core Points - Entourage Health Corp. has completed a plan of arrangement where 1001095275 Ontario Inc., a related party of LiUNA Pension Fund, acquired all issued and outstanding common shares of the Company for cash consideration of C$0.005 per share, effective March 31, 2025 [1][2] - The arrangement also included the same cash consideration for holders of certain vested convertible securities and involved debt settlement agreements for C$1,013,050 in unsecured debentures, settled for C$250,000 [2] - The arrangement was approved by shareholders on March 21, 2025, and by the Superior Court of Justice on March 26, 2025 [3] Company Overview - Entourage Health Corp. is a publicly traded parent company of Entourage Brands Corp., which produces and distributes cannabis products for medical and adult-use markets [8] - The Company operates a fully licensed processing facility in Aylmer, Ontario, and has a multi-channel distribution strategy, including partnerships with LiUNA and various provincial distribution agencies [8] - Entourage's product portfolio includes brands such as Starseed Medicinal, Color Cannabis, and Saturday Cannabis, and it is the exclusive Canadian producer of the wellness brand Mary's Medicinals [8] Post-Arrangement Plans - Following the completion of the arrangement, Entourage intends to delist its common shares from the TSX Venture Exchange, Frankfurt Stock Exchange, and OTC Markets, and will apply to cease being a reporting issuer [4] - Shareholders are required to surrender their share certificates and complete a Letter of Transmittal to receive their cash consideration [5][6]