Welcome to our dedicated page for Fluent news (Ticker: CNTMF), a resource for investors and traders seeking the latest updates and insights on Fluent stock.
FLUENT Corp. (OTCQB: CNTMF) generates frequent news as a national cannabis consumer packaged goods company and retailer active in multiple U.S. state markets. Company updates often highlight developments across its vertically integrated platform, including cultivation and manufacturing facilities, branded retail dispensaries, and its ENTOURAGE wholesale division in New York.
News coverage for FLUENT commonly includes announcements about new dispensary openings or rebranding of existing locations, such as the Brandon, Florida store and the unification of New York dispensaries under the FLUENT banner. The company also issues releases on operational milestones, including first harvests at indoor cultivation facilities like the Rosa site in Florida and the activation of premium indoor capacity in markets such as Buffalo, New York.
Product-focused news is another recurring theme. FLUENT regularly announces new branded offerings under its portfolio, including MOODS vape products, Bag-O 7-gram Ground Flower, and limited-edition seasonal items. These updates provide insight into how the company expands and refines its product mix across Florida and other state markets.
Investors and observers will also find corporate and capital markets updates, such as private placement financings, strategic transactions, and commentary on regulatory developments affecting the U.S. cannabis industry. FLUENT’s releases frequently discuss the impact of federal and state policy changes, including cannabis rescheduling and shifts in rules governing hemp-derived products.
By following the FLUENT Corp. news feed, readers can monitor how the company adjusts its retail footprint, invests in cultivation infrastructure, launches new brands and formats, and responds to evolving regulatory conditions in the adult-use and medical cannabis landscape.
Fluent by Cansortium Inc. (OTCQX: CNTMF) announced the opening of its 27th retail location in Florida, located in Fruitland Park. This dispensary, situated near The Villages—one of the fastest-growing metropolitan areas in the U.S.—will offer a variety of cannabis products including Fluent flower and premium oils. CEO Robert Beasley highlighted plans for four additional locations in early 2022, aiming to expand the company's Florida footprint to 31 stores. Fluent emphasizes high-quality cannabis and a welcoming environment for medical marijuana patients in the community.
Cansortium reported a 24% year-over-year revenue growth in Q2 2021, totaling $16.5 million. The Company achieved adjusted EBITDA of $5.2 million, doubling from the previous year. The significant balance sheet improvement included nearly $90 million for debt cancellation and extended maturities to 2025. Despite minor supply chain delays pushing back production schedules, Cansortium revised its 2021 revenue outlook to $70-$80 million, with adjusted EBITDA expected between $18-$26 million. New dispensaries are opening in Florida and Pennsylvania to support growth.
Cansortium Inc. has rescheduled its second quarter 2021 conference call to August 25, 2021, at 8:30 a.m. ET. The company will announce its financial results in a press release prior to the call, followed by a Q&A session. Interested parties can join the call using the toll-free number (800) 319-4610 or the international number (604) 638-5340, with the conference ID 10016120. The call will be available for replay on the company's investor relations website.
Fluent by Cansortium has announced the approval of a new 43,000 square-foot greenhouse in Homestead, Florida, and a 40,000 square-foot expansion at its Sweetwater facility. These expansions aim to enhance the monthly supply of biomass for producing CBD and THC oil for their dispensaries across Florida. The company recently opened two new dispensaries, bringing its total to 27 by year-end. The new facilities will support the growth of Fluent's CBD and Blend product lines, bolstering its presence in the competitive cannabis market.
Cansortium Inc. has announced the opening of its second dispensary in Pennsylvania, Fluent Mechanicsburg, marking its 28th overall. Located at 6200 Carlisle Pike, the 4,000+ sq. ft. store offers a wide variety of cannabis products including whole flower and oil cartridges. CEO Robert Beasley highlighted Pennsylvania's significant cannabis market, projecting over $1 billion in annual sales for 2021. Cansortium's medical dispensary permit allows for three retail locations, with plans for a third store later this year.
Cansortium Inc. (CSE: TIUM.U, OTCQX: CNTMF), a vertically-integrated cannabis company, announced a conference call scheduled for August 23, 2021, at 5:00 p.m. Eastern time to discuss its financial results for Q2 ending June 30, 2021. The company will release its results before the call and a question and answer session will follow. Investors can join the call using provided dial-in numbers and conference ID. Cansortium operates under the Fluent™ brand across multiple states including Florida and Texas, emphasizing operational excellence in the cannabis industry.
Cansortium Inc. (CSE: TIUM.U; OTCQX: CNTMF) has successfully upgraded its trading status to the OTCQX® Best Market from the OTCQB® Venture Market, effective July 22, 2021. This upgrade signifies that Cansortium meets high financial standards and adheres to best practices in corporate governance. The OTCQX Market aims to enhance visibility and credibility among investors. CEO Robert Beasley expressed gratitude for the platform, emphasizing expected improvements in market exposure for both individual and institutional investors. Current shareholders need not take any action.
Cansortium Inc. has announced the opening of its 26th retail location in Florida, the Fluent Deerfield Beach dispensary, enhancing access to medical cannabis products. Located at 622 S. Federal Highway, this dispensary will offer a wide range of premium cannabis items, including dried flower, edibles, and concentrates. CEO Robert Beasley highlighted the expansion as a response to the area's strong demand, particularly as the existing Broward County dispensary is among the top performers. Cansortium plans to open a 27th location later this year.
Cansortium Inc. announced the results of its annual general and special meeting held on June 30, 2021. Shareholders approved all proposals, including the election of six nominees to the board of directors, the adoption of a restricted share unit award plan, and the re-appointment of MNP LLP as the Company’s auditor. Following the meeting, William Smith was appointed Executive Chairman. Cansortium is a vertically-integrated cannabis company operating under the Fluent brand, with licenses in Florida, Pennsylvania, Michigan, and Texas, trading under the symbols TIUM.U and CNTMF.
Cansortium Inc. (CSE:TIUM.U, OTCQB: CNTMF) announced the conversion of $5 million in convertible promissory notes into common shares, fulfilling its obligations. The conversion resulted in the issuance of 8,426,574 shares at $0.60 per share, following a sustained share price above $0.96. CEO Robert Beasley emphasized the simplification of the capital structure and improvement of the balance sheet. Furthermore, Cansortium has partnered with Elevate IR to enhance its investor relations strategy.