Entourage Health gets two-month extension for maturing credit facility

By Rebecca Melvin

Concord, N.H., March 30 – Entourage Health Corp., formerly WeedMD Inc., signed an amendment to its senior secured credit facility, extending the maturity date to May 31, 2022 from March 28, 2022, the company said in a release Wednesday.

The amendment modifies the terms under which Entourage secured up to C$39 million of debt financing for three years starting March 29, 2019.

In addition to extending the maturity, the amendment defers some of financial covenants to May 31, subject to certain conditions.

Entourage is the Toronto-based producer and distributor of medical cannabis.

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