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 Inc. (CSE: TIUM.U, OTCQX: CNTMF) announced the issuance of 1,048,386 common shares to directors, converting US$162,500 in director fees into Debt Shares. The shares are priced at US$0.155 based on the closing market value as of September 30, 2022. Additionally, directors will receive fees for Q4 2022 in common shares at the closing market price on December 31, 2022. This transaction constitutes a related party transaction and is exempt from certain CSE requirements, as the debt does not exceed 25% of the company's market capitalization.
Cansortium Inc. (CSE: TIUM.U, OTCQX: CNTMF) announced the resignation of Chief Financial Officer Patricia Fonseca, effective November 21, 2022. Fonseca, who joined in March 2021, will assist in the transition process for the next month. The company has engaged an executive search firm to find a successor. CEO Robert Beasley expressed gratitude for Fonseca's contributions to the company's growth and financial discipline during her tenure. Cansortium is a vertically-integrated cannabis company with operations across Florida, Pennsylvania, and Texas, under the Fluent brand.
Cansortium Inc. (OTCQX: CNTMF) reported updates on its Florida operations following Hurricane Ian. All 28 dispensaries have reopened, with some closures due to evacuations. The Cape Coral and Fort Myers locations faced significant impacts, remaining closed for six days but sustaining minimal damage. The Sweetwater cultivation facility experienced moderate damage but managed to salvage most harvests. Cansortium anticipates a 12-week timeline to return to pre-hurricane production levels. CEO Robert Beasley acknowledged the modest impact and praised the team’s efforts.
Cansortium Inc. reported a strong Q2 2022, with revenues up 14% QoQ and 36% YoY to a record $22.4 million. Adjusted EBITDA soared 64% QoQ and 95% YoY, reaching $10.2 million. The company reaffirms its 2022 revenue guidance of $90-$95 million and adjusted EBITDA of $25-$28 million. The Florida market drove growth, evidenced by a 16% revenue increase without new store openings. The company plans to open 4-5 stores in Florida by year-end and expects productivity gains from its ongoing cultivation expansion.
Cansortium Inc. (OTCQX: CNTMF) announced a conference call to review its financial and operational results for Q2 2022, ending June 30. The call is scheduled for August 29, 2022, at 4:30 p.m. Eastern time. Management will discuss results and answer questions. Interested participants can join via toll-free or international dial-in numbers, with a conference ID of 10020139. The call will be available for replay on the investor relations website. Cansortium operates the Fluent™ brand in Florida, Pennsylvania, and Texas, focusing on high-quality cannabis.
Cansortium Inc. announced the filing of its 2021 audited and Q1 2022 unaudited financial statements on SEDAR. For FY 2021, revenue rose 25% to $65.4 million, with adjusted EBITDA increasing 90% to $19.6 million. In Q1 2022, revenue grew 30% to $19.7 million, and adjusted EBITDA increased 42% to $6.2 million. The company forecasts 2022 revenue between $90-$95 million, reflecting a projected 40% increase. Cansortium, operating under the Fluent™ brand, is focused on expanding its market share in Florida.
Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) has issued a bi-weekly default status report concerning a management cease trade order (MCTO) following a delay in filing its audited financial statements for 2021. The MCTO restricts trading for the CEO and CFO until all required filings are received by the Ontario Securities Commission. Cansortium anticipates filing these documents by May 27, 2022, and confirms no material changes since the original announcement. The company aims to comply with NP 12-203 guidelines as it resolves this matter.
Cansortium Inc. reported a 22% year-over-year revenue increase for FY 2021, reaching $63.7 million, with adjusted EBITDA up 90% to $19.6 million. Q4 2021 revenue rose 13% to $16.5 million, and preliminary Q1 2022 revenue jumped 33% to $20.1 million. Despite these strong results, the company has delayed its audited financial statement filing due to additional time needed by auditors. Cansortium expects revenue for 2022 to be between $90-$95 million and aims for adjusted EBITDA between $25-$28 million.
Cansortium Inc. announced the closing of a non-brokered private placement, securing US$4.7 million in gross proceeds. This includes a 10% unsecured convertible debenture of US$3.5 million and 3,076,923 pre-funded common share purchase warrants priced at US$0.39 each. The debenture is convertible into common shares at US$0.79 per share by 2032. Proceeds will be used to reduce outstanding debt and for working capital, including $3.25 million designated as an equity cure under a previous April 2021 Credit Agreement.
Cansortium Inc. (OTCQX: CNTMF) will release its financial results for Q4 2021 and preliminary figures for Q1 2022 on May 2, 2022, after market close. A conference call is scheduled for 5:00 p.m. ET the same day, allowing investors to discuss the results in detail. The call can be accessed via (800) 319-4610 for domestic participants and (604) 638-5340 for international callers. Cansortium operates under the Fluent™ brand, with licenses across Florida, Pennsylvania, Michigan, and Texas.