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Fluent Corp (CNTMF) operates as a vertically integrated cannabis company across multiple U.S. states under its flagship FLUENT™ brand. This page aggregates official announcements, financial disclosures, and strategic developments for investors and industry observers.
Access real-time updates on cultivation expansions, retail openings, product innovations, and regulatory compliance efforts. Key coverage areas include quarterly earnings reports, new market entries, partnership announcements, and operational milestones across Florida, Texas, and other licensed territories.
Our curated news collection enables stakeholders to track Fluent Corp's progress in medical and adult-use cannabis markets. Monitor updates about their proprietary brands like Hyer Kind concentrates and MOODS experience-focused lines, alongside corporate developments affecting market position.
Bookmark this page for centralized access to Fluent Corp's evolving story in the competitive cannabis sector. Verify critical updates directly from source materials while staying informed about this multi-state operator's growth trajectory.
Cansortium (CSE: TIUM.U, OTCQB: CNTMF) and RIV Capital (CSE: RIV, OTC: CNPOF) announced a definitive agreement for a business combination. Under this Arrangement Agreement, Cansortium will acquire all outstanding shares of RIV Capital. Shareholders of Cansortium will own approximately 51.25% of the combined entity, while RIV Capital shareholders and The Hawthorne Collective will hold 48.75%. The merger will enhance the combined company's presence in Florida, New York, Texas, and Pennsylvania and aims to eliminate $175 million of debt. The combined entity will have a pro forma cash balance of $74 million, with anticipated annual cost synergies of $5-10 million. The transaction is expected to close in Q4 2024, subject to regulatory and shareholder approvals.
Cansortium, operating under the FLUENT brand, announced a change in its Chief Financial Officer (CFO) position. Jeffrey Batliner resigned as CFO effective May 13, 2024. Patricia Fonseca has been re-appointed as the CFO, effective immediately. Ms. Fonseca previously served as the company's CFO from March 9, 2021, to November 21, 2022.
The company and its board of directors expressed gratitude to Mr. Batliner for his contributions and extended best wishes for his future endeavors.
Cansortium Inc. reported strong financial results for Q4 and full year 2023, with record revenue, positive cash flow, and growth in key markets. Revenue increased 9% YoY to $25.5 million in Q4 and 11% to $97.3 million for the full year. Adjusted gross profit was $49.5 million, with $27.2 million in adjusted EBITDA for the year. The Company remains focused on operational improvements, expansion in Florida and Pennsylvania, and growth in Texas.
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