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Cansortium Inc - CNTMF STOCK NEWS

Welcome to our dedicated news page for Cansortium (Ticker: CNTMF), a resource for investors and traders seeking the latest updates and insights on Cansortium.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cansortium's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cansortium's position in the market.

Rhea-AI Summary
Cansortium Inc. schedules a conference call to discuss its financial and operating results for the fourth quarter and full year ended December 31, 2023. The call will be held on Monday, April 29, at 4:30 P.M. ET. Interested parties can submit questions to the Company prior to the call. The conference call will also be available for replay via the Company’s investor relations website.
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Cansortium Inc. opens its first Daytona Beach location, the 35th dispensary in Florida, offering convenient walk-in and drive-thru services for medical cannabis patients. The facility provides a variety of premium cannabis products and personalized guidance for patients, aiming to enhance accessibility and patient experience.
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Cansortium Inc. announces the commencement of two new cultivation facilities in Ruskin and Tampa, Florida, creating employment opportunities in the cannabis industry. The company plans to expand its production to meet the increasing demand for medical marijuana in Florida.
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Cansortium Inc. announces the opening of its 34th medical cannabis dispensary in Florida, the first in Cocoa with a cannabis drive-thru. The new 2,600 square foot dispensary will provide over $400 thousand in annual wages for local employees and an estimated $3.5 million total benefit to the local economy. The grand opening event will feature music, food trucks, community vendors, and promotional specials. The dispensary will offer a wide range of products from the Company's brands such as MOODS, Black Line, Freedom Town Holdings, Smokiez Edibles, and FLUENT Care.
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Cansortium Inc. (TIUM.U) (CNTMF) reported a record Q3 revenue of $25.3 million, a 14% YoY increase, with cash from operations up 32% to a record $7.1 million. The company's adjusted EBITDA was $8.8 million, with 33 stores operating in Florida and plans to open more. The company's total debt was $60.3 million, with approximately 298 million shares outstanding.
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Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) has rescheduled its call to discuss financial and operating results for the third quarter ended September 30, 2023. The conference call, hosted by Cansortium management, will include a question-and-answer session. Interested parties can submit questions prior to the call. Date: Wednesday, November 29, 2023. Time: 4:30 p.m. Eastern time.
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Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) announces the issuance of 1,184,207 common shares to directors in exchange for the cancellation of director fees. The Debt Shares are being issued at a price equal to the closing market price of the common shares of the Company as listed on the Canadian Securities Exchange on September 30, 2023. This issuance constitutes a 'related party transaction' as defined in Multilateral Instrument 61-101.
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Cansortium Inc., a multi-state cannabis company operating under the FLUENT brand, will hold a conference call to discuss its Q3 2023 financial and operating results. The call will take place on November 13, 2023, at 4:30 p.m. Eastern time. Interested parties can submit questions prior to the call. Dial-in numbers and conference ID are provided.
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Cansortium Inc. reports Q2 revenue of $24.4 million, up 9% sequentially and YoY. Q2 cash from operations is $4.8 million, marking the 7th consecutive quarter of positive cash flow. CEO expects to open 1-2 new stores in Florida by year end. Adjusted gross profit increased 5% to $15.8 million. Cash and cash equivalents are approximately $8.8 million with total debt of $59.3 million. The company completed its headquarters relocation to Tampa and plans to open a brick-and-mortar delivery center in Houston. Conference call scheduled for today at 4:30 p.m. Eastern time.
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Cansortium Inc. announces positive voting results from annual general and special meeting of shareholders.
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Cansortium Inc

OTC:CNTMF

CNTMF Rankings

CNTMF Stock Data

55.00M
142.74M
33.28%
0.43%
Medicinal and Botanical Manufacturing
Manufacturing
Link
United States
Miami