ETRGF - Entourage Health Reports Steady Growth In Q2 Thanks To Adult-Use & Pre-Roll Sales | Benzinga
Canadian cannabis producer Entourage Health Corp. (TSX-V: ENTG) (OTCQX: ETRGF) (FSE:4WE) reported on Wednesday financial results for the three months ended June 30, 2023.
The Toronto-based company's second quarter total revenue amounted to CA$13.37 million ($9.83 million) and net revenue of CA$10.17 million, representing a total revenue increase of 1% and a net revenue increase of 5%, showing consistent year-over-year performance.
The uptick in total revenue can be attributed to an 8% increase in adult-use revenue and a significant 45% increase in pre-roll revenue year-over-year.
Entourage recently introduced new product lines, including Dime Bag Pre-Roll Series and Syndicate Cannabis Collection, while it also expanded its Color Cannabis pre-roll series. With the move, Entourage joins other leading players to introduce groundbreaking developments that redefine how we experience cannabis.
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