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About Fluent Corp (CNTMF)
Fluent Corp (formerly Cansortium Inc.) is a vertically integrated, multi-state cannabis company operating under the renowned FLUENT™ brand. Headquartered in Tampa, Florida, Fluent Corp is dedicated to delivering high-quality cannabis products through its comprehensive value chain, which spans cultivation, production, distribution, and retail. With licenses and operations in Florida, Pennsylvania, Texas, and New York, the company caters to both medical marijuana patients and adult-use consumers, offering a diverse portfolio of premium cannabis products tailored to meet varying needs and preferences.
Core Operations and Business Model
Fluent Corp’s vertically integrated model ensures strict quality control at every stage of its operations. The company oversees the cultivation of cannabis in state-of-the-art facilities, utilizing advanced techniques to optimize product quality and yield. This is followed by in-house production processes that focus on creating a wide range of cannabis products, including flower, concentrates, edibles, tinctures, and cartridges. Fluent’s retail network, which includes dispensaries operating under the FLUENT™ brand, provides a welcoming environment with knowledgeable staff to guide customers in selecting the best products for their needs. Additionally, the company leverages online ordering and express pickup services to enhance customer convenience.
Market Presence and Expansion
Fluent Corp has established a strong foothold in key markets, particularly in Florida, where it operates an extensive network of dispensaries. The company continues to expand its reach, with plans to open new locations and introduce innovative product lines. Recent initiatives include the launch of the Hyer Kind concentrates brand, the MOODS product line tailored to specific experiences, and the KNACK flower brand, which emphasizes locally grown, high-quality cannabis. Fluent’s commitment to scalability is further demonstrated by its strategic business combination with RIV Capital Inc., positioning it as a significant player in the evolving U.S. cannabis industry.
Commitment to Quality and Innovation
Fluent Corp is driven by an unwavering commitment to operational excellence and innovation. The company employs cutting-edge cultivation and extraction techniques to produce premium cannabis products that prioritize flavor, potency, and accessibility. Its product portfolio is designed to cater to a wide range of consumer preferences, from medical patients seeking therapeutic benefits to recreational users exploring curated cannabis experiences. By continuously expanding its offerings and introducing new formats, Fluent ensures it remains at the forefront of industry trends.
Regulatory and Industry Context
Operating within the highly regulated U.S. cannabis market, Fluent Corp navigates complex state and federal laws to deliver compliant and reliable products. While cannabis remains a Schedule I substance under federal law, the company’s adherence to state regulations and its focus on medical and adult-use markets position it as a trusted operator. Fluent’s proactive approach to compliance, coupled with its strategic partnerships and acquisitions, enables it to adapt to evolving regulatory landscapes while driving growth and profitability.
Strategic Vision
Fluent Corp’s strategic vision is centered on becoming a leading multi-state cannabis operator with a strong brand portfolio and a commitment to community engagement. The company’s recent rebranding and corporate name change reflect its alignment with its operational footprint and growth ambitions. Fluent continues to invest in its infrastructure, expand its retail presence, and enhance its product offerings to meet the needs of a diverse customer base. By prioritizing quality, innovation, and customer experience, Fluent aims to build long-term value for its stakeholders.
FLUENT Corp. (OTCQB: CNTMF) reported its Q4 and full-year 2024 results, achieving record annual revenue of $103.6 million, up 6.4% year-over-year. The company completed the transformative acquisition of RIV Capital, expanding into New York's retail, wholesale, and cultivation operations.
Q4 2024 revenue was $24.9 million compared to $25.5 million in Q4 2023, with Florida revenue at $20.3 million. The company recorded a $64.3 million impairment of intangible assets related to its Florida cannabis license due to market pricing pressures.
Key operational highlights include:
- Operating 42 locations across Florida, New York, Pennsylvania, and Texas
- Successfully closed non-dilutive debt refinancing of up to $96.5 million
- Maintained strong cash position with $40.1 million in cash and cash equivalents
- Launched new brands including MOODs and KNACK in New York, and Hyer Kind concentrates in Florida
FLUENT Corp (OTCQB: CNTMF) has launched MOODS Black, an extension of its MOODS product line, in the Florida market. The product debuts as Mini 1g all-in-one device, featuring cannabis-derived terpenes and high-potency cannabis oil.
The MOODS Black Mini offers a sleek, two-inch pocket-sized design with USB-C charging capability. The product contains premium cannabis oil delivering true-to-the-plant flavor and effects, crafted 100% from cannabis with carefully selected strains for various moods.
The product is now available at all 35 FLUENT dispensary locations in Florida, as well as FLUENT New York dispensaries and third-party locations through Entourage wholesale. The company plans to consolidate all Black Line brand products under the MOODS Black brand by year-end.
FLUENT Corp. (CSE: FNT.U) (OTCQB: CNTMF), a national cannabis consumer packaged goods company and retailer, has scheduled its Q4 2024 financial results announcement for April 17, 2025.
The company will host a conference call and live audio webcast at 4:30 p.m. Eastern Time to discuss financial results and business highlights. FLUENT operates across Florida, New York, Pennsylvania and Texas with:
- 8 cultivation and manufacturing facilities
- 42 active retail locations
- 700 employees
FLUENT produces cannabis products under various brands including MOODS, Knack, Wandr, Bag-O and Hyer Kind.
FLUENT Corp (OTCQB: CNTMF) has announced the expansion of its Hyer Kind brand into the New York cannabis market. The company's live rosin-infused pre-rolls, known as 'Boosters', are now available at all FLUENT adult-use retail stores throughout New York and its wholesale channels.
The Boosters will be offered in two formats: 1g single pre-rolls and multi-pack options of five 0.5g pre-rolls. The products feature full-spectrum flavor derived from premium cannabis plants, utilizing in-house flower selection and advanced hydrocarbon and solventless extraction techniques.
This expansion marks FLUENT's commitment to align its New York menu selection with Florida, aiming to ensure product consistency across states. The company plans to further expand the Hyer Kind brand in both markets with additional concentrates and infused product offerings.
FLUENT Corp (CSE: FNT.U, OTCQB: CNTMF) has announced the relocation of its North Miami Beach dispensary to a new, upgraded facility in Aventura. The new location at 2440 NE Miami Gardens Drive features significant improvements including:
- An open showroom floor
- Digital menu screens
- Expanded vault
- Double POS stations
The dispensary offers walk-in and express services with online ordering available for faster pickup. A grand opening celebration is scheduled for March 2, featuring doorbusters, giveaways, and special sales. The event will include a donation presentation to 305 Pink Pack, with FLUENT matching up to $5,000 in patient donations for a total contribution of $11,500.
Cansortium Inc. announced its corporate name change to FLUENT Corp. effective February 5, 2025. The company's shares will trade under the new symbol 'FNT' on the Canadian Securities Exchange (CSE) and continue as 'CNTMF' on the OTCQB, with CSE trading under the new name expected to begin around February 10, 2025.
Following the completion of a transaction with RIV Capital Inc., the company has reconstituted its board of directors and committees. Additionally, FLUENT will issue 1,657,063 common shares to certain directors in exchange for canceling US$116,000 in director fees for Q4 2024, at a price of US$0.07 per share.
CEO Robert Beasley emphasized that the FLUENT name has been a core component of their Florida operations, and this change aligns their corporate identity with their operational footprint. The name change was previously approved by shareholders in July 2022.
Cansortium (OTCQB: CNTMF) has launched Bag-O, a new value-focused cannabis flower brand, exclusively for Florida medical marijuana patients starting January 7, 2025. The product line will be available in 14-gram bags using Florida's new 'peekaboo' mylar packaging, allowing customers to inspect the product before purchase.
The initial product lineup includes multiple cultivars across three categories: Indica (The Bling, Black Garlic, The Creamery, Sweat Helmet), Sativa (Electric Cool Aid, K.O.N.Y., Banana Cake #4), and Hybrid (La Bomba X Trop Cherry). Operating under the FLUENT brand, the company aims to provide high-quality cannabis at competitive prices through its vertically integrated operations.
FLUENT has completed its acquisition of RIV Capital, marking one of the largest U.S. cannabis transactions of 2024. The all-stock transaction expands FLUENT's retail presence to 42 locations and adds New York operations to its multi-state footprint. The deal brings approximately US$33 million in cash to FLUENT's balance sheet and eliminates US$160 million of debt through The Hawthorne Collective's exchange of convertible notes for non-voting Exchangeable Shares.
Under the agreement, RIV Capital shareholders received 1.245 FLUENT shares for each RIV share held. FLUENT shareholders now hold 51.25% of the combined company, while RIV Capital shareholders and The Hawthorne Collective hold 48.75%. Robert Beasley continues as CEO of the combined entity, which will operate under the FLUENT name and maintain its current trading symbols (CSE: TIUM.U, OTCQB: CNTMF).
Cansortium Inc. (OTCQB: CNTMF) is launching KNACK, a new cannabis flower brand, exclusively at Etain Health dispensaries in New York starting December 18, 2024. Operating under the FLUENT™ brand, the company will offer premium cannabis products including whole flower (3.5-28 grams) and pre-roll varieties.
The products are cultivated in the Adirondacks using indoor growing techniques, featuring strains like Poddy Mouth, Burnt Orange, Mimosa EVO, Secret Meetings #6, Stay Puft, Ruby Violet, and Strawberry Lemonade. FLUENT plans to expand the KNACK brand into Florida in Q1 2025.
Cansortium (OTCQB: CNTMF), operating under the FLUENT brand, has become Florida's first dispensary to introduce Freedom Town Holdings' innovative flower window bags. The new packaging features a 'peekaboo' window that allows patients to visually inspect cannabis products before purchase, enhancing transparency in the buying process.
The bags are made from mylar, a lightweight, recyclable material that offers superior product protection by blocking light and moisture while reducing environmental impact. The packaging maintains child-resistant features and detailed labeling requirements while improving the overall dispensary experience through product visibility.
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