The following is a summary of the Entourage Health Corp. (ETRGF) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Entourage Health Corp. reported a first-quarter revenue of $16.4 million, indicating a 9% year on year growth and a 23% sequential increase from the Q4 revenue in 2023.

• Gross profit recorded a significant improvement, rising by 92% year on year to achieve a record gross margin of 45%.

• The company was able to significantly reduce costs per unit via scaling operations and marked an increase in EBITDA by over $4 million, indicating their first quarter of positive EBITDA.

Business Progress:

• The company made significant strides in brand impact, product optimization, automation, and market penetration.

• The launch of the Dime Bag brand was successful, with rapid growth reported in Ontario and Alberta.

• Investments in pre-roll automation have considerably enhanced production capabilities.

• The company continues to lead in the medical sector, with Starseed maintaining a stable patient population.

• Furthermore, there are plans in place to introduce new products in international markets as part of their growth strategy.

More details: ENTOURAGE HEALTH CORP IR

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