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Entourage Health announces international sale of bulk cannabis to Australia

(Globe Newswire) Toronto — Entourage Health, a Canadian producer and distributor of award-winning cannabis products, has successfully executed the sale and fulfilment of its first international order of 100kg of bulk medical cannabis to Australia.

The company expands its medical portfolio in partnership with Lyphe Australia Pty Ltd., a wholly-owned subsidiary of Lyphe Group Ltd., which specializes in medical cannabis access for patients. Lyphe will now offer four of the Company’s strains to their medical cannabis patients in Australia.

“We are thrilled to be able to diversify our business portfolio by exporting medical cannabis internationally. We are proud to have entered the global cannabis market and look forward to continuing to provide patients across Canada, and now Australia, with high quality cannabis and to further expand the Company’s revenue streams.” — James Afara, COO, Entourage Health

The company also announced today that, in accordance with the provisions of its omnibus equity incentive compensation plan, the company has authorized the issuance of an aggregate of 1,600,000 deferred share units to the board of directors of the company as part of the quarterly compensation for their services. The DSUs will vest on June 30, 2024 and are granted in lieu of certain cash compensation for services rendered during the second quarter of 2023.