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.
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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