Cannabis News

Entourage Health, formerly WeedMD, enters creditor protection

Published

3 weeks ago

June 30, 2026

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Entourage Health Corp. has entered creditor protection. The company and six related entities filed on June 17 under the Companies’ Creditors’ Arrangement Act owed approximately $240.1 million to the sole affiliate of the LiUNA Pension Fund, its owner, its secured creditor and the lender that is now funding the money (First Report pp. 3-6-9

That affiliate, 2437653 Ontario Inc. No. 1 company, Entourage, secured a 2024 deal that took the former WeedMD private and off the TSX Venture Exchange (December 2024 PR). Shareholders were paid half a Canadian cent per share, or C$0.005, and the board recommended a sale in December 2024 (December 2024 PR).

Jason Alexander, head of the special committee of independent directors, recommended to shareholders. “The transaction ensures that shareholders will receive immediate tangible value while positioning the Company for future growth and flexibility,” Alexander said (December 2024 PR). The company took on $167.6 million in debt in that sale, having already breached the covenant with the same guarantee (December 2024 PR). Eighteen months later that debt was $240.1 million when it was filed, and the growth promised by the sale is a settlement (First Report 6-18 p.

Adult use is off, medical is still running
The leisure business is closing, not saving. Entourage laid off about 53 workers in early June before the order, and 22 remain (First Report p. 6 Adult use inventory is being cleared, finished products are shipped to provincial distributors, and flowers are sold in bulk to the market to other licensed growers (First Report p. 12 Color Cannabis, Dime Bag and Saturday Cannabis are the brands going down with it (First Report p. 5

What remains open is the doctor’s arm as the exclusive supplier of cannabis under the Starseed brand to local residents of the Workers International Union of North America (First Report p. 5 The pension fund that funds the procedure is tied to the same union that the medical brand serves, and the part of Entourage that serves union members is the part that is kept alive while the rest is sold for parts.

At the end of July the money runs out with no new money (First Report p. 11 The money comes again from the pension fund affiliate, a $1.1 million debtor-in-possession facility at 5% per annum, no commitment fee, no exit fee (First Report pp. 10-11). The monitor, Ernst & Young, checked terms against other DIP loans in the cannabis sector from January 2024 and concluded that a third-party lender would not lend on better terms given the state of the business (First Report p. 11 The lender, which already owed $240 million, is the only one willing to advance another million to keep the lights on through the sale.

Health Canada is the largest unsecured creditor, owed $494,505, ahead of all suppliers and competitors on the company’s books (List of Creditors p. 1 Supreme Cannabis is owed $262,133, medical platform HelloMD is owed $169,564, the Town of Aylmer is owed $144,815, the Independent Retail Cannabis Board is owed $137,098 and High Tide is owed $124,583 (List of Creditors p. 1 Unsecured claims total $3,288,333 in more than 100 names, many of which have yet-to-be-determined amounts by medical clinics (List of Creditors 1-5 p. Against $240 million guaranteed, none of them will see much.

In the June 29 return, the lender asks the judge to extend the stay until August 28, approve the DIP facility, and double the Administrative and Directors fees to $500,000 each (First Report 4-8-12. p. The directorship is rising as directors face payroll, holiday pay and excise duties over a longer period of time, and the company’s directors and officers insurance expires at the start of July (First Report p. 12

The sales process starts on the same day, based on a marketing effort that started around May and was presented before the deal that sparked interest but no one could make a deal (First Report p. 13 Insiders and affiliates have until July 6th to say they intend to bid, the bid deadline is July 30th, the successful bid must be received by August 7th, and the outside deadline is August 28th (First Report p. 15 The affiliate of the pension fund has written to the Monitor that it will not make an offer (First Report p. 16), and any other affiliate that does so must be removed from the process (First Report p. 16 The settlement request for non-cannabis equipment and the sale of the Aylmer facility, a 26,000-square-foot extraction and processing facility that has been the company’s production base at 250 Elm St.

the source

For more information:
Neighborhood Health
1.844.933.3636
(email protected)
entouragehealthcorp.com

Related Topics:creditor Enters Entourage Health protection WeedMD

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Cannabis News

Will the top World Cup expert in the fruit, vegetable, and horticulture sector come from Canada, the U.S. or Belgium?

Published

15 hours ago

July 20, 2026

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FreshPublishers 2026 World Cup Group Stage

The World Cup is coming to an end, with the third-place play-off between France and England on Saturday, and the final between Spain and Argentina the following day. It won’t be long until the grand winner of FreshPublishers’ first World Cup pool is revealed.

As previously reported, Slim Kooli from Courchesne Laros is the favorite to win the €1,000 prize. He has secured a comfortable lead over Nol Batist of North American Interstate Greenhouse Company, while buyer Bjorn Van Ryckeghem of Deprez Construct is currently in third place.

1	Sim School	Spain	1–0	2–1	737	9716
2	Nol Batist	France	2–1	1–1	674	9433
3	Bjorn Van Ryckeghem	France	2–2	3–1	674	9264
4	Christian Anton Smedshaug	England	1–2	1–2	659	9134
5	Perry Springintveld	Spain	1–1	2–1	647	9105
6	Willem Tijssen	Spain	2–0	2–1	710	9098
7	Hans Borsboom	Spain	2–1	2–1	528	9058
8	Bart Triemstra	Spain	2–1	2–1	737	9052
9	Youness Bensaid	Spain	2–1	1–1	722	8954
10	Vijay Dijkstra	Portugal	2–0	2–1	382	8953

However, there have been some surprises during the tournament, and bonus points must be added, so we will keep the suspense a little longer. On Monday we will find out who is the main World Cup announcer in the international fruit, vegetable and horticulture sector…

Cannabis News

States Move To Let First Responders Use Marijuana And Psychedelics To Treat PTSD

Published

15 hours ago

July 20, 2026

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“When you’re in the fire service, or in any of the first response industries, or especially in the military, things are going to accumulate over time, and what happens is you see a lot of things, crazy things that at least seem normal.”

By Amanda Watford, Stateline

This year more states have looked beyond traditional counseling and medication to help first responders deal with traumatic stress.

Firefighters, police, and emergency medical personnel routinely experience fatal accidents, violent crimes, and other traumatic events that can leave lasting psychological scars.

“When you’re in the fire service, or the first response industry, or especially the military, things just pile up over time, and what happens is you see a lot of things, crazy things that at least seem normal,” said Jason Cerrano, a retired firefighter and paramedic with more than 20 years of experience in Missouri. Cerrano is now director of research and commercial development at IDEX Fire & Safety.

In Ohio, Republican Gov. Mike DeWine signed into law last month a measure that will create the Post-Traumatic Injuries Commission to review requests from first responders to help cover treatment costs.

Maryland took a different approach this year, enacting a law protecting firefighters, emergency medical technicians, paramedics and other rescue workers. employment discrimination for the illegal use of medical marijuana outside of work.

The new law, which will take effect in October, applies to medical cannabis patients who test positive for cannabis metabolites but are impaired while working.

Several other states are exploring emerging therapies.

A new Connecticut law expands a pilot program at Yale University studying psilocybin-assisted therapy Allowing any state resident 18 years of age or older to participate, provided they meet clinical eligibility criteria established by the Yale University Institutional Review Board. Previously, the pilot program was limited to veterans, retired first responders and frontline healthcare workers.

Missouri lawmakers advanced a bill allowing veterans and first responders to receive the psychedelics psilocybin and ibogaine in approved research studies. Under medical supervision for PTSD and other mental health conditions. The legislative session adjourned in May before lawmakers sent a bill to the governor.

This story was first published by Stateline.

Image courtesy of Kristie Gianopulos.

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Cannabis News

Standard Wellness expands into Cleveland with dispensary acquisition

Published

2 days ago

July 19, 2026

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Standard Wellness has entered into an agreement with License in the Flats, LLC to enter into definitive agreements to acquire a dispensary license in the Flats following the required regulatory review period. At the end of that period, the company and License in the Flats intend to execute those agreements and then continue to develop the dispensary into a retail location branded The Forest Cleveland.

Following regulatory approval of the change of ownership by the Ohio Division of Cannabis Control, the new dispensary will become the Company’s first retail location in the city of Cleveland, where the Company is headquartered.

Additionally, the Company announced the divestiture of The Forest Sandusky and The Forest Springfield, its Ohio dispensaries, to Greenlight, again subject to pending regulatory approvals.

“We are excited to expand our presence in the city of Cleveland and serve guests in our hometown,” said Kate Ols, Vice President of Retail for Standard Wellness. “As our business continues to grow, we are focused on building a retail network that will best position us to serve our communities for the long term. At the same time, we are proud of the role our Sandusky and Springfield dispensaries have played in Ohio’s cannabis history, and we are confident that those communities will continue to grow under Greenlight’s leadership.”

Standard Wellness and Greenlight are working closely together to support a smooth transition for staff and guests throughout the transfer process. As established operators in Ohio and Missouri, the companies share a commitment to strengthening the regulated cannabis industry and serving the communities in which they operate.

The new dispensary is expected to serve both local residents and visitors while completing the Company’s Northeast Ohio footprint.

Under Ohio law, a cannabis operator cannot hold more than eight dispensary licenses statewide. The acquisition of the Cleveland license and divestiture of The Forest Sandusky and The Forest Springfield allows Standard Wellness to continue to meet Ohio’s property limits while strategically repositioning its Ohio retail footprint and focusing investments in key markets.

Forest Sandusky and Forest Springfield have played significant roles in the evolution of Ohio’s cannabis industry. Sandusky was the site of the state’s first legal cannabis sale in January 2019, and Springfield became the first part of Ohio’s cannabis industry merger and acquisition transaction when Standard Wellness purchased Pure Ohio Wellness’ dispensary.

For more information:
Standard Wellness Holdings
standardwellness.com/