Cansortium Appoints Jeffrey Batliner as Chief Financial Officer

Rhea-AI Summary

Cansortium Inc. (OTCQX: CNTMF) announced the appointment of Jeffrey Batliner as the new Chief Financial Officer, effective March 14, 2023, succeeding Liora Boudin. Batliner brings over 25 years of financial expertise, having previously served as CFO at Unrivaled Brands, where he successfully managed acquisition integrations and cash flow. CEO Robert Beasley expressed confidence in Batliner's ability to lead the company's financial operations and support growth objectives. Cansortium operates under the Fluent™ brand, with a commitment to operational excellence in the cannabis industry across Florida, Pennsylvania, and Texas.

Positive

• Jeffrey Batliner's extensive experience in financial operations and planning enhances Cansortium's leadership.
• His prior success in public company financial management may contribute positively to Cansortium's growth and profitability.

Negative

• Transitioning from an interim CFO to a new CFO may create temporary instability within financial operations.
• Concerns may arise regarding continuity and the experience gap left by Liora Boudin.

MIAMI, March 14, 2023 /PRNewswire/ - Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated, multi-state cannabis company operating under the Fluent™ brand, today announced the appointment of Jeffrey Batliner as Chief Financial Officer, effective March 14, 2023. Batliner will succeed Liora Boudin, who served as Interim Chief Financial Officer, and will report directly to the Company's Chief Executive Officer, Robert Beasley.

Batliner brings more than 25 years of financial expertise to Cansortium. He most recently served as CFO of Unrivaled Brands, a publicly traded cannabis firm, where he led three successful acquisition integrations, established efficient reporting processes and effectively controlled the company's cash flow. Prior to this role, Batliner held various executive positions covering financial reporting and analysis for both public and private companies.

"We are pleased to welcome Jeffrey as our new Chief Financial Officer," said CEO Robert Beasley. "With over 25 years of experience in financial operations and planning for companies of all sizes, including his successful tenure as CFO of a publicly traded cannabis company, we are confident in his ability to lead our accounting and finance operations to meet our growing needs. We are excited to have Jeffrey on board and look forward to working with him as we continue to execute on our growth and profitability objectives."

Batliner added: "I am thrilled to join Robert and his team at Cansortium and look forward to continuing to drive growth and profitability across their multi-state footprint. Cansortium has established itself as a leader and I am excited to bring my experience to further drive the Company's growth in 2023 and beyond."

About Cansortium Inc.

Cansortium is a vertically-integrated cannabis company with licenses and operations in Florida, Pennsylvania and Texas. The Company operates under the Fluent™ brand and is dedicated to being one of the highest quality cannabis companies for the communities it serves. This is driven by Cansortium's unrelenting commitment to operational excellence in cultivation, production, distribution and retail. The Company is headquartered in Miami, Florida.

Cansortium Inc.'s Common Shares trade on the CSE under the symbol "TIUM.U" and on the OTCQX Best Market under the symbol "CNTMF". For more information about the Company, please visit www.getfluent.com.

Company Contact
Robert Beasley, CEO
(850) 972-8077
investors.getfluent.com 

Investor Relations Contact
Sean Mansouri, CFA
Elevate IR
(720) 330-2829
investors@cansortiuminc.com 

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SOURCE Cansortium Inc

FAQ

Who is the new CFO of Cansortium as of March 2023?

Jeffrey Batliner is appointed as the new Chief Financial Officer of Cansortium.

What experience does Jeffrey Batliner bring to Cansortium?

Batliner has over 25 years of financial expertise, including serving as CFO at Unrivaled Brands, where he managed successful acquisitions and financial operations.

What potential impact could Jeffrey Batliner's appointment have on Cansortium?

His leadership could enhance financial management and support the company's growth and profitability objectives.

What was Liora Boudin's role at Cansortium before Jeffrey Batliner?

Liora Boudin served as the Interim Chief Financial Officer prior to Batliner's appointment.