Shareholders of Canadian cannabis company Entourage Health Corp. have approved the company’s plan to go private.
Under the proposal, parties related to the LIUNA Pension Fund of Central and Eastern Canada – 1001095275 Ontario and guarantor 243753 Ontario – will purchase all the issued and outstanding common shares of Entourage for 0.005 Canadian dollars ($0.0035) per share, according to a company news release.
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The deal is expected to be completed by March 31, pending court approval and other conditions.
After the deal closes, Entourage’s shares traded under ENTG will be delisted from the TSX Venture Exchange, the release noted.
The LIUNA Pension Fund is a retirement plan associated with the Laborers’ International Union of North America.
When Entourage announced its intention to
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