does tk.context_from_path() require paths to exists?

tk.context_from_path("/path/to/asset/root/").entity returns None

tk.entity_from_path("/path/to/asset/root/") as well

I have only root folder for asset created. I need this because we had implemented dynamic behavior for files in process_folders_creation.py hook and require SG entity for folder to process filename templates.

Thank you.