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FLUENT Corp. reports developments for a vertically integrated, multi-state cannabis consumer packaged goods and retail business. Company news centers on cultivation, production, distribution and dispensary operations; branded cannabis products including MOODS, Knack, Wandr, Bag-O and Hyer Kind; and wholesale activity through ENTOURAGE in New York. Updates also cover Florida retail openings, product launches tied to indoor cultivation and manufacturing facilities, operating results, debt reduction, credit-agreement amendments and completed portfolio actions such as the sale of Pennsylvania operations. FLUENT disclosures regularly address the state-legal cannabis framework and federal Controlled Substances Act risks that affect U.S. cannabis operators.
Cansortium has announced an amendment to its convertible notes originally issued in February 2019, which totaled $10,000,021.50 at a 12% interest rate. The maturity date has been extended to December 31, 2020, with a potential further extension until February 28, 2021, subject to Noteholder agreement. The company will issue shares valued at $0.45 to cover $1,962,485.62 in unpaid interest and pay a 1% extension fee of $119,265.07 in shares. The principal can convert into Note Units at $2.00, with an attached warrant exercise price of $2.60.