The Latest Breaking News from Cansortium

Cannabis-Focused RIV Capital Reports 186% YoY Surge In Q3 Revenue Ahead Of Major Merger That Will Cover 25% Of US Population

RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) reported on Friday its third quarter results for the three months ended Sept. 30, revealing a 28% sequential and 186% increase year-over-year in net revenue to $4.9 million.Out of that sum, retail revenue accounted for $3.4 million, up from $1.5 million in the…

Benzinga · Nov 29, 2024

Cannabis Co. Cansortium Refinances Debt With $96.5M Loan Ahead Of Major Merger And Next Phase Of Growth

Cansortium Inc. (CSE: TIUM.U) (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 under the FLUENT brand, said the credit…

Benzinga · Nov 27, 2024

The cannabis industry is awaiting a legal green light, but can businesses survive?

Legal gray area surrounding the drug makes it difficult to prepare next steps, with rescheduling a perpetual threat

The Guardian - US · Oct 16, 2024

Cansortium Unaudited Revenue Increased 22% To $63.7M In 2021 YoY

Cansortium Inc. (OTCQX: CNTMF) (CSE:TIUM.U), a vertically-integrated cannabis company operating under the Fluent brand, released preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2021.

Benzinga · May 3, 2022

Cannabis Movers & Shakers: MedMen, Rolling Stone Culture Council, Sierra Constellation, Cansortium, Terra Tech, Flora Growth

Here is a summary of the latest company shakeups within the cannabis industry. MedMen Appoints Reece Fulgham As Interim CFO Cannabis retailer MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) appointed Reece Fulgham as its Interim CFO.

Benzinga · Dec 22, 2020