FLUENT Issues Statement on Failed Cannabis Bills in Texas

Rhea-AI Summary

Cansortium Inc., a cannabis company operating under the FLUENT brand, issued a statement on the two failed cannabis bills in Texas. The company expressed disappointment but commended lawmakers for their efforts. They are expanding their delivery capabilities in Houston and Austin and remain committed to broadening access to medical cannabis in Texas.

Positive

• Cansortium is expanding delivery capabilities in Houston and Austin to support patient populations in Texas.
• The company believes in broadening access to medical cannabis and is committed to serving the communities it operates in.
• More than 80% of Texans support the decriminalization of cannabis and the legalization of medical cannabis.

Negative

• The Texas Senate failed to take action to decriminalize cannabis and expand the state's medical cannabis program.

TAMPA, Fla., May 26, 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, issued a statement on the two failed cannabis bills in Texas.

Commenting on the recent failed legislation, Kristopher Kem, FLUENT Cannabis Care Texas President said:

While we are ultimately disappointed in the Texas Senate's failure to take action to decriminalize cannabis and expand the state's medical cannabis program, we commend Texas Rep. Joe Moody, Rep. Stephanie Klick and their respective authors and cosponsors of House Bill 218 and House Bill 1805 for their continued work to enact meaningful legislation on cannabis reform.

As of October of last year, Texas ranked number one in the U.S. for most cannabis possession arrests. For decades, cannabis prohibition has funneled thousands of Texans into the criminal justice system. With more than 80% of Texans supporting the decriminalization of cannabis and the legalization of medical cannabis in the state, we must continue to call on our elected leaders to act on the will of their constituents and right the wrongs of the past.

At FLUENT, we believe in broadening access to medical cannabis. We are currently expanding our delivery capabilities to support patient populations in Houston and Austin, because we believe that Texans – and all Americans – deserve access to safe, tested medical cannabis.

While we're disappointed in this legislative outcome, we're here to support the people of Texas and look forward to growing our operations and presence in the state.

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 Tampa, 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.

For further information, please contact:

Company Contact:
Robert Beasley, CEO
850-972-8077
investors@cansortiuminc.com

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 Cansortium Inc.?

Cansortium Inc. is a vertically-integrated cannabis company with licenses and operations in Florida, Pennsylvania, and Texas.

What did the recent legislation in Texas involve?

The recent legislation in Texas aimed to decriminalize cannabis and expand the state's medical cannabis program.

What is FLUENT?

FLUENT is the brand under which Cansortium Inc. operates.

What is Cansortium's stance on cannabis reform in Texas?

Cansortium believes in broadening access to medical cannabis and supports the decriminalization and legalization of cannabis in Texas.

What is Cansortium's plan in Texas despite the failed legislation?

Cansortium is expanding its delivery capabilities in Houston and Austin to support patient populations in Texas.