Fluent Hosts Grand Opening of 30th Florida Medical Cannabis Dispensary in Jacksonville

Rhea-AI Summary

Cansortium, operating under the Fluent brand, announces the grand opening of its 30th Florida medical cannabis dispensary at 763 Atlantic Blvd, Jacksonville, on March 17, 2023. This location aims to enhance patient access, as Jacksonville has shown strong patient retention rates in existing stores. Furthermore, Cansortium plans to expand with a fourth Jacksonville location later this year. The new dispensary, occupying 2,585 sq. ft., will offer a full range of cannabis products and features an online ordering system for convenient pick-up. During the opening weekend, all products will be available at a 50% discount, attracting new customers.

Positive

• Opening of 30th Florida dispensary strengthens market position.
• High patient retention rates in Jacksonville indicate strong demand.
• Plans for a fourth location enhance growth potential.
• Diverse product offerings provide competitive advantage.

Negative

• None.

The New Jacksonville Atlantic Beach Retail Location Broadens Access for Patients; Company Also Announces Plans to Open Up Additional Retail Location in the Jacksonville Metro Area

MIAMI, March 15, 2023 /PRNewswire/ - Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) ("Fluent" or the "Company"), a vertically-integrated, multi-state cannabis company operating under the Fluent™ brand, is pleased to announce the grand opening of its 30^th medical cannabis dispensary in Florida and 33^rd nationwide, located at 763 Atlantic Blvd., Suite 1, along with plans to open a fourth Jacksonville retail location later this year.

"Jacksonville is one of the most successful markets for Fluent, with our existing stores demonstrating the highest patient retention rates across the state," said Fluent Cannabis Care Director of Sales Victor Bindi. "Not only are we opening our third retail location in Jacksonville, but we're also looking to expand our footprint with a fourth store on the westside of Jax later this year. As we strengthen our roots in Jacksonville and continue to grow across the Sunshine State, Fluent is committed to broadening patient access to the highest-quality cannabis products, delivering a seamless retail experience to customers and providing well-paying jobs to the local community."

On Friday, March 17, 2023, Fluent will host its official grand opening of its newest location at Jacksonville Atlantic Beach, which will conveniently serve patients from the city center all the way to the beaches. The grand opening falls on St. Patrick's Day and Fluent Jacksonville Atlantic Beach is celebrating with a "Meet The Growers" event that will feature Fluent's premier legacy growers, Freedom Town Holdings, as well as other leading Fluent cannabis cultivation and extraction experts.

Throughout the grand opening weekend at Fluent Jacksonville Atlantic Beach, all products will be discounted 50%¹. The new 2,585 sq. ft. medical cannabis dispensary will carry Fluent's full house of brands, including: Smokiez edibles; BLACK Line, MOODS Line and Fluent Care cartridges and tinctures; Fluent Flower pre-rolls, capsules, extracts and topicals; and their recently dropped Origins OG Kush and Origins Triangle Kush raw cannabis flower cultivated through their collaboration with Origins TK Selects. The dispensary will also carry a wide selection of consumption devices, such as approved vape batteries, and will offer daily rotating deals and discounts during store hours, Monday through Sunday from 9:00 a.m. to 8:30 p.m.

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1 Some exclusions may apply.

Additionally, Fluent Jacksonville Beach's online ordering platform offers patients a convenient way to secure their cannabis products. After placing an order online, patients can expect to pick up their order within 10 minutes from one of two dedicated express stations inside the store. With eight point-of-sale stations, Fluent Jacksonville Atlantic Beach is focused on providing a smooth retail experience for its patients.

Located in the midst of many favorite local dining and retail shopping destinations, the new Fluent Jacksonville Atlantic Beach store is well-positioned in the bustling Atlantic Beach neighborhood and is just under a mile from the beach. Also, as Jacksonville is home to one of the five major Fluent distribution hubs in Florida, the new dispensary's patients will be some of the first to receive the newest and freshest cannabis products. In close proximity to a significant patient population, this newest retail location compliments the two existing Jacksonville locations and expands access to the high-quality cannabis products demanded by consumers.

About Cansortium Inc.
Cansortium Inc. 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.

Forward-Looking Information
Certain information in this news release may constitute forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates, and projections regarding future events.

Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in the public documents of the Company available at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

For further information, please contact:

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

Media Contact:
Patrick Maddox
501-680-5220
Fluent@mattio.com

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SOURCE Cansortium Inc

FAQ

What is the significance of Cansortium's new location in Jacksonville?

The new dispensary aims to improve patient access and expand Cansortium's presence in a successful market.

When is the grand opening of the Atlantic Beach dispensary?

The official grand opening is set for March 17, 2023.

What discounts are available during the grand opening weekend for CNTMF?

All products will be offered at a 50% discount during the grand opening weekend.

How many dispensaries does Cansortium have in Florida?

Cansortium now operates 30 dispensaries in Florida.

What future plans does Cansortium have for the Jacksonville area?

Cansortium plans to open a fourth retail location in Jacksonville later this year.

What products will be available at the new dispensary?

The dispensary will offer a full range of cannabis products, including edibles, cartridges, flowers, and more.