FLUENT Corp. Announces Shares for Debt Settlement
FLUENT Corp. (OTCQB: CNTMF) has announced a shares-for-debt settlement with its directors. The company will issue 2,750,000 common shares at US$0.05 per share to settle US$137,500 in director fees for Q2 2025. The debt shares will be subject to a four-month hold period.
FLUENT operates as a national cannabis consumer packaged goods company and retailer across Florida, New York, Pennsylvania, and Texas. The company maintains 8 cultivation and manufacturing facilities, 42 retail locations, and a wholesale division called ENTOURAGE. FLUENT employs 700 people and produces cannabis products under various brands including MOODS, Knack, Wandr, Bag-O, and Hyer Kind.
FLUENT Corp. (OTCQB: CNTMF) ha annunciato un accordo di conversione debito-azioni con i suoi direttori. La società emetterà 2.750.000 azioni ordinarie al prezzo di 0,05 USD per azione per saldare 137.500 USD di compensi per i direttori relativi al secondo trimestre del 2025. Le azioni emesse per il debito saranno soggette a un periodo di blocco di quattro mesi.
FLUENT opera come azienda nazionale di beni di consumo confezionati a base di cannabis e come rivenditore in Florida, New York, Pennsylvania e Texas. La società gestisce 8 strutture di coltivazione e produzione, 42 punti vendita e una divisione all'ingrosso chiamata ENTOURAGE. FLUENT impiega 700 persone e produce prodotti a base di cannabis sotto diversi marchi, tra cui MOODS, Knack, Wandr, Bag-O e Hyer Kind.
FLUENT Corp. (OTCQB: CNTMF) ha anunciado un acuerdo de pago de deuda mediante acciones con sus directores. La compañía emitirá 2.750.000 acciones comunes a 0,05 USD por acción para saldar 137.500 USD en honorarios de directores correspondientes al segundo trimestre de 2025. Las acciones emitidas por la deuda estarán sujetas a un periodo de retención de cuatro meses.
FLUENT opera como una empresa nacional de bienes de consumo empaquetados de cannabis y minorista en Florida, Nueva York, Pensilvania y Texas. La compañía mantiene 8 instalaciones de cultivo y fabricación, 42 tiendas y una división mayorista llamada ENTOURAGE. FLUENT emplea a 700 personas y produce productos de cannabis bajo varias marcas, incluyendo MOODS, Knack, Wandr, Bag-O y Hyer Kind.
FLUENT Corp. (OTCQB: CNTMF)는 이사들과의 채무를 주식으로 상환하는 계약을 발표했습니다. 회사는 2025년 2분기 이사 비용 137,500달러를 상환하기 위해 주당 0.05달러에 2,750,000 보통주를 발행할 예정입니다. 채무 상환 주식은 4개월의 보유 기간이 적용됩니다.
FLUENT는 플로리다, 뉴욕, 펜실베이니아, 텍사스 전역에서 운영되는 전국적인 대마초 소비재 및 소매업체입니다. 회사는 8개의 재배 및 제조 시설, 42개의 소매점, 그리고 ENTOURAGE라는 도매 부서를 운영하고 있습니다. FLUENT는 700명의 직원을 고용하고 있으며 MOODS, Knack, Wandr, Bag-O, Hyer Kind 등 다양한 브랜드로 대마초 제품을 생산합니다.
FLUENT Corp. (OTCQB: CNTMF) a annoncé un règlement de dettes par émission d’actions avec ses administrateurs. La société émettra 2 750 000 actions ordinaires à 0,05 USD par action pour régler 137 500 USD de frais d’administrateurs pour le deuxième trimestre 2025. Les actions émises en règlement de dette seront soumises à une période de blocage de quatre mois.
FLUENT opère en tant qu’entreprise nationale de biens de consommation emballés à base de cannabis et détaillant en Floride, New York, Pennsylvanie et Texas. La société possède 8 installations de culture et de fabrication, 42 points de vente et une division de vente en gros appelée ENTOURAGE. FLUENT emploie 700 personnes et produit des produits à base de cannabis sous diverses marques, notamment MOODS, Knack, Wandr, Bag-O et Hyer Kind.
FLUENT Corp. (OTCQB: CNTMF) hat eine Schulden-gegen-Aktien-Vereinbarung mit seinen Direktoren bekannt gegeben. Das Unternehmen wird 2.750.000 Stammaktien zu je 0,05 USD pro Aktie ausgeben, um 137.500 USD an Direktorenhonoraren für das zweite Quartal 2025 zu begleichen. Die Schuldaktien unterliegen einer viermonatigen Haltefrist.
FLUENT ist ein landesweit tätiges Unternehmen für Cannabis-Konsumgüter und Einzelhandel mit Standorten in Florida, New York, Pennsylvania und Texas. Das Unternehmen betreibt 8 Anbau- und Produktionsanlagen, 42 Einzelhandelsgeschäfte sowie eine Großhandelsabteilung namens ENTOURAGE. FLUENT beschäftigt 700 Mitarbeiter und produziert Cannabisprodukte unter verschiedenen Marken wie MOODS, Knack, Wandr, Bag-O und Hyer Kind.
- None.
- Share issuance will result in dilution for existing shareholders
- Low share price of US$0.05 indicates challenging market conditions
- Federal legal restrictions as cannabis remains a Schedule I drug in the United States
- Regulatory compliance risks across multiple state jurisdictions
TAMPA, Fla., July 16, 2025 (GLOBE NEWSWIRE) -- FLUENT Corp. (CSE: FNT.U (OTCQB: CNTMF) (“FLUENT” or the “Company”), a leading national cannabis brand, announces that the Company will issue an aggregate of 2,750,000 common shares of the Company (“Debt Shares”) to certain of its directors in exchange for the cancellation of US
The issuance of the Debt Shares to the directors constitutes a "related party transaction" as this term is defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions (“MI 61-101”). The directors of the Company, acting in good faith, determined that the fair market value of the Debt Shares being issued pursuant to the shares for debt transaction and the consideration being paid is reasonable. The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the Debt Shares nor the debt exceeds
The Company did not file a material change report more than 21 days before the expected closing of the shares for debt transaction as the details and amounts of debts settled under the transaction were not finalized until closer to the closing and the Company wished to close the transaction as soon as practicable, which the Company deems reasonable as it wishes to reduce its accrued liabilities as soon as possible. Any Debt Shares issued will be subject to a four (4) month hold period.
About FLUENT
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 which operates under ENTOURAGE servicing 3rd party retailers in New York. For more information on the Company’s wholesale division Entourage, please visit www.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 filings of the Company filed with Canadian securities regulators and available under the Company’s 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 Company, through several of its subsidiaries, is directly involved in the manufacture, possession, use, sale, and distribution of cannabis in the adult-use and medical cannabis marketplace in the United States. Local state laws where the Company operates permit such activities however, investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. Cannabis remains a Schedule I drug under the United States Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute, or possess cannabis in the United States. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable United States federal money laundering legislation.
While the approach to enforcement of such laws by the federal government in the United States has trended toward non-enforcement against individuals and businesses that comply with adult-use and medical cannabis programs in states where such programs are legal, strict compliance with state laws with respect to cannabis will neither absolve the Company of liability under United States federal law, nor will it provide a defense to any federal proceeding which may be brought against the Company. The enforcement of federal laws in the United States is a significant risk to the business of the Company and any proceedings brought against the Company thereunder may adversely affect operations and financial performance.
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 is the share-for-debt settlement announced by FLUENT Corp (CNTMF)?
How many retail locations and facilities does FLUENT Corp operate?
What brands are in FLUENT Corp's cannabis product portfolio?
What is the holding period for the newly issued FLUENT Corp debt shares?
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