FLUENT Issues Statement on Failed Cannabis Bills in Texas

(Moderate)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

05/26/2023 - 07:30 AM EDT

TAMPA, Fla., May 26, 2023 /PRNewswire/ - Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated, multi-state cannabis company operating under the FLUENT™ brand, issued a statement on the two failed cannabis bills in Texas.

Commenting on the recent failed legislation, Kristopher Kem, FLUENT Cannabis Care Texas President said:

While we are ultimately disappointed in the Texas Senate's failure to take action to decriminalize cannabis and expand the state's medical cannabis program, we commend Texas Rep. Joe Moody, Rep. Stephanie Klick and their respective authors and cosponsors of House Bill 218 and House Bill 1805 for their continued work to enact meaningful legislation on cannabis reform.

As of October of last year, Texas ranked number one in the U.S. for most cannabis possession arrests. For decades, cannabis prohibition has funneled thousands of Texans into the criminal justice system. With more than 80% of Texans supporting the decriminalization of cannabis and the legalization of medical cannabis in the state, we must continue to call on our elected leaders to act on the will of their constituents and right the wrongs of the past.

At FLUENT, we believe in broadening access to medical cannabis. We are currently expanding our delivery capabilities to support patient populations in Houston and Austin, because we believe that Texans – and all Americans – deserve access to safe, tested medical cannabis.

While we're disappointed in this legislative outcome, we're here to support the people of Texas and look forward to growing our operations and presence in the state.

About Cansortium Inc.

Cansortium Inc. is a vertically-integrated cannabis company with licenses and operations in Florida, Pennsylvania and Texas. The Company operates under the FLUENT™ brand and is dedicated to being one of the highest quality cannabis companies for the communities it serves. This is driven by Cansortium's unrelenting commitment to operational excellence in cultivation, production, distribution and retail. The Company is headquartered in Tampa, Florida.

Cansortium Inc.'s common shares trade on the CSE under the symbol "TIUM.U" and on the OTCQX Best Market under the symbol "CNTMF". For more information about the Company, please visit www.getfluent.com.

For further information, please contact:

Company Contact:
Robert Beasley, CEO
850-972-8077
investors@cansortiuminc.com

Investor Relations Contact:
Sean Mansouri, CFA
Elevate IR
720-330-2829
investors@cansortiuminc.com

Media Contact:
Patrick Maddox
501-680-5220
FLUENT@mattio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/fluent-issues-statement-on-failed-cannabis-bills-in-texas-301835343.html

SOURCE Cansortium Inc

Keep reading

More on CNTMF

All CNTMF news

Trending in the feed

REVVF

Revolve Enters into Definitive Agreement to Acquire Three Project, 6 MW Battery Storage Portfolio in Ontario Open the live feed