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Cansortium Completes RIV Capital Acquisition, Adding New York Retail, Wholesale, Cannabis Cultivation Operations
Thursday, December 19, 2024 - 8:04pm | 553Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF) also known as "FLUENT" and RIV Capital Inc. (CSE:RIV) (OTC:CNPOF) announced on Thursday the completion of a previously announced arrangement with RIV Capital whereby FLUENT acquired all of the issued and outstanding Class A common shares of RIV Capital in...
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Cannabis Co. Cansortium Refinances Debt With $96.5M Loan Ahead Of Major Merger And Next Phase Of Growth
Wednesday, November 27, 2024 - 10:42am | 664Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF) announced on Tuesday that it has secured a new senior secured credit agreement of up to $96.5 million with Chicago Atlantic Admin, LLC, as an administrative agent for certain lenders. The Tampa, Florida-based vertically integrated cannabis company operating...
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FLUENT Launches New Cannabis Concentrates Line For Medical Marijuana Patients In Florida
Thursday, November 21, 2024 - 9:39am | 529Vertically integrated cannabis company Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF), operating under the FLUENT brand, launched the cannabis concentrate line, Hyer Kind. The Tampa-based multi-state operator notes that the new product is exclusively available at all FLUENT dispensaries across Florida....
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Major Cannabis Merger Approved In New York: Can Weed Stock Investors Take Advantage?
Thursday, October 10, 2024 - 5:21pm | 593RIV Capital Inc. (CSE:RIV) (OTC:CNPOF) and Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF) have secured approval from the New York Cannabis Control Board for their upcoming merger, marking a major consolidation in the state's fast-growing cannabis industry. The merger, expected to close by the end of...
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EXCLUSIVE: Why Loyalty Programs, Not Discounts, Are The Future Of Cannabis Retail
Wednesday, October 9, 2024 - 5:34pm | 794“Discounts will hurt your margins, but loyalty points won't," said Lisa Williams, founder of The Toke Agency, at Benzinga’s Cannabis Capital Conference on Oct. 9. Williams was one of several experts discussing how cannabis retailers can use data to not only improve margins but also...
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Riv Capital And Cansortium Shareholders Approve Merger: Combined Weed Company Will Operate In Four Major US States
Wednesday, August 28, 2024 - 11:24am | 711RIV Capital Inc. (CSE:RIV) (OTC:CNPOF) confirmed that holders of its Class A shares have voted in favor of thepreviously announced merger with Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF) at the annual general and special meeting held Tuesday. Shareholders of Cansortium, a Tampa, Florida-based cannabis...
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Florida Cannabis Operator Cansortium Posts 12% Revenue Surge, Prepares For Big Merger Amid Heated Price War
Friday, August 23, 2024 - 9:19am | 744Cansortium Inc.(CSE:TIUM) (OTCQB:CNTMF), operating under the FLUENT brand, reported Thursday its financial results for the second quarter ended June 30, 2023. The Tampa, Florida-based cannabis operator disclosed a 12% revenue increase to $27.3 million, compared to $24.4 million in the same quarter...
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Cannabis Companies High Tide, Posabit, RIV Capital Will Soon Report Earnings: What Investors Need To Know
Thursday, August 22, 2024 - 1:23pm | 1101The cannabis industry is abuzz with major developments from key players. High Tide, one of Canada’s largest cannabis retailers, prepares to release its latest financial results while expanding its retail presence and loyalty program. Meanwhile, POSaBIT Systems gears up for a major update on...
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Cansortium Cuts Loss YoY, Reports 14% Increase In Q1 Revenue Driven By Florida Cannabis Sales Ahead Of Merger With RIV Capital
Friday, May 31, 2024 - 11:34am | 548Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF) a vertically-integrated, multi-state cannabis company operating under the FLUENT brand, announced its financial and operating results Thursday for the first quarter ended March 31, 2024. "We delivered another quarter of year-over-year revenue growth and...
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This Cannabis Merger Will Cover 25% Of U.S. Population: Cansortium & RIV Capital Powered By ScottsMiracle-Gro
Thursday, May 30, 2024 - 2:21pm | 639Cansortium Inc. (OTC: CNTMF), a multi-state cannabis operator under the FLUENT brand and RIV Capital Inc. (OTC: CNPOF) announced a merger that will operate in Florida, New York, Texas, and Pennsylvania, covering 25% of the U.S. population with eight cultivation and processing...
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Cansortium Revenue Grows In 2023 Thanks To Florida, Net Loss Declines
Tuesday, April 30, 2024 - 9:54am | 577Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF) a vertically-integrated cannabis company operating under the FLUENT brand, announced financial results Monday for the fourth quarter and full year ended December 31, 2023. Quarterly revenues increased 9% to $25.5 million, compared to $23.4 million in the...
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This Cannabis Company Reports Robust Growth, Revenue Up 14% To $25.3M, Florida Sales Surge 17%
Wednesday, November 29, 2023 - 6:10pm | 627Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF), a vertically-integrated, multi-state cannabis company operating under the FLUENT brand announced financial and operating results for the third quarter ended September 30, 2023. “We generated record revenue and cash flow generation during the...
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Vertical Integration Pays Off For This Cannabis Company In Q2 2023, Here's Why
Tuesday, August 29, 2023 - 12:35pm | 700Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF), a vertically-integrated, multi-state cannabis company operating under the FLUENT brand, announced on Monday financial and operating results for the second quarter ended June 30, 2023. "We continued to drive revenue growth and cash flow generation...
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Cansortium Q1 Revenue Grows 12% YoY, What About Adjusted EBITDA?
Wednesday, May 31, 2023 - 8:43am | 430Cansortium Inc. (OTCQX: CNTMF) (CSE:TIUM.U) released its financial results for the first quarter ended March 31, 2023, revealing revenue of $22.1 million, an increase of 12% compared to $22.1 million in Q1 2022. Q1 2023 Financial Highlights (vs. Q1 2022) Gross profit was $7.5 million compared to...
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Cansortium Beats Cannabis Industry Challenges With $87.7M YoY Revenue Growth, How About Adjusted EBITDA?
Tuesday, May 2, 2023 - 4:06pm | 570Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) recently announced its financial and operating results for the fourth quarter and full year ended December 31, 2022. Despite the challenging backdrop for the broader cannabis industry, the vertically-integrated, multi-state cannabis operator ...