Canadian hashish firm Entourage Well being Corp. elevated its credit score line from by about 3 million Canadian {dollars} (roughly $2.1 million), solely days after shareholders permitted taking the corporate personal.
The maturity date of every credit score facility has been prolonged to Dec. 31, 2025, in response to a information launch.
The lender is 2437653 Ontario, a associated celebration of the LIUNA Pension Fund of Central and Japanese Canada.
The transfer comes simply days after Entourage shareholders permitted the corporate’s plan to go personal.
The proposal to go personal is predicted to be accomplished March 31, pending courtroom approval and different circumstances.
Entourage produces and distributes hashish for each medical and grownup use.
Its manufacturers embrace Starseed Medicinal, Shade Hashish and Saturday Hashish.
