Cannabis Producer Reports Record Revenue

By: Dylan Sikes – AllPennyStocks.com News

Monday, May 9, 2022

The adult use cannabis market is a growing industry and this Canadian award-winning company just reported impressive sales and record revenue.

Entourage Health Corp., the publicly traded parent company of Entourage Brands Corp. and CannTx Life Sciences Inc., (TSX-V:ENTG) announced preliminary unaudited first quarter 2022 total revenue of $17.4 million, which represents a direct-to-consumer and patient record increase of approximately 35% on a year-over-year basis. Entourage expects to report its first quarter 2022 financial results on or before May 31, 2022.

Entourage produces and distributes cannabis products for both the medical and adult-use markets and owns and operates a state-of-the-art hybrid greenhouse and processing facility located on 158-acres in Strathroy, Ontario. The firm’s retail brand recognition includes Color Cannabis, a top 10 performer for the year, which drove 56% growth in revenues.

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