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FLUENT Corp Announces results of Annual General and Special Meeting of Shareholders

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FLUENT Corp (OTCQB: CNTMF), a national cannabis company, held its annual general and special meeting of shareholders on June 18, 2025. The shareholders approved all proposed matters, including the election of seven directors: Robert Beasley, Roger Daher, Mark Eckenrode, Christopher Hagedorn, Richard Mavrinac, William Smith, and Dawn Sweeney. Additionally, PKF O'Connor Davies LLP was appointed as the company's auditor. A significant development was the approval of The Hawthorne Collective, Inc. as a new "Control Person" of the company, indicating a potential shift in corporate control structure.
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Positive

  • The Hawthorne Collective, Inc. approved as new Control Person, potentially bringing strategic advantages
  • All proposed matters received shareholder approval, indicating strong shareholder support

Negative

  • None.

News Market Reaction

-2.04%
1 alert
-2.04% News Effect

On the day this news was published, CNTMF declined 2.04%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

TAMPA, Fla., June 18, 2025 (GLOBE NEWSWIRE) -- FLUENT Corp. (CSE: FNT.U) (OTCQB: CNTMF) ("FLUENT" or the "Company"), a national cannabis company operating under the FLUENT™ brand, is pleased to announce the voting results from its annual general and special meeting of shareholders (the “Meeting”) held today.

All matters presented at the Meeting were approved by the Company’s shareholders, including:

(i)the election of Robert Beasley, Roger Daher, Mark Eckenrode, Christopher Hagedorn, Richard Mavrinac, William Smith and Dawn Sweeney as directors of the Company;
(ii)the appointment of PKF O’Connor Davies LLP as auditor of the Company;
(iii)the approval of The Hawthorne Collective, Inc. as a new “Control Person” of the Company.
  

About FLUENT Corp.

FLUENT Corp. ("FLUENT"), a national cannabis consumer packaged goods company and retailer is dedicated to being one of the highest quality cannabis companies for the communities it serves. This is driven by FLUENT's unrelenting commitment to operational excellence in cultivation, production, distribution and retail experience. FLUENT produces an assortment of cannabis products under a diverse portfolio of brands including MOODS, Knack, Wandr, Bag-O and Hyer Kind. FLUENT operates in Florida, New York, Pennsylvania and Texas. Headquartered in Tampa, Florida, FLUENT employs 700 employees across 8 cultivation and manufacturing facilities, 42 active retail locations and a wholesale division, ENTOURAGE, which services third party retailers in New York. For more information about the Company, please visit www.getFLUENT.com. For more information on the company wholesale division ENTOURAGE, please visit https://entouragewholesale.com/.

FLUENT’s Common Shares trade on the CSE under the symbol “FNT.U” and on the OTCQB Venture Market under the symbol “CNTMF”. For more information about the Company, please visit www.getFLUENT.com.

Forward-Looking Information

Certain information in this news release may constitute forward-looking information within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent the Company's expectations, estimates, and projections regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control.

Forward-looking information is necessarily based on many opinions, assumptions, and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in the public documents of the Company available on its SEDAR+ profile at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

For further information visit: https://getfluent.com/ and https://investors.getFLUENT.com/.

Investor Relations Contact
investors@getFLUENT.com  

Media Contact:
press@getFLUENT.com 

Officer Contact:
Robert Beasley, CEO
(850) 972-8077


FAQ

What were the key decisions made at FLUENT Corp's (CNTMF) 2025 annual meeting?

At FLUENT Corp's 2025 annual meeting, shareholders approved the election of seven directors, appointed PKF O'Connor Davies LLP as auditor, and approved The Hawthorne Collective, Inc. as a new Control Person of the company.

Who are the newly elected directors of FLUENT Corp (CNTMF)?

The elected directors are Robert Beasley, Roger Daher, Mark Eckenrode, Christopher Hagedorn, Richard Mavrinac, William Smith, and Dawn Sweeney.

What is the significance of The Hawthorne Collective becoming a Control Person of FLUENT Corp?

The approval of The Hawthorne Collective as a Control Person indicates a significant change in FLUENT Corp's ownership structure, potentially giving Hawthorne substantial influence over company decisions.

Who is the new auditor for FLUENT Corp (CNTMF)?

PKF O'Connor Davies LLP was appointed as the new auditor for FLUENT Corp.
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