Canadian Cannabis Co. Entourage Health Shares Spike On 8% YoY Q3 Revenue Growth, Reduced Losses
Canadian cannabis producer Entourage Health Corp. (TSXV:ENTG) (OTCQX:ETRGF) (FSE: 4WE) announced on Friday its third quarter financial results for the three months ended Sept. 30, 2024.
The company reported an 8% year-over-year increase to CA$9.5 million ($6.8 million) in net revenue for the period. Sequentially, net revenue increased by 2.1%
George Scorsis, the company’s CEO and chair, said the revenue growth is a result of a strategic shift into different markets. The move allowed the company to “diversify and tap into new opportunities,” Scorsis said.
Read Also: Entourage Health Cannabis Reports 9% YoY Increase In …