Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF), which was already operating under the Fluent brand, is changing its corporate name to Fluent Corp. effective February 5, 2025. It was also revealed that the Canadian Securities Exchange will start trading its Common Shares under “FNT” around or on February 10, 2020. This company anticipates that it will be changing its OTC stock symbol soon.
Robert Beasley said that the FLUENT brand has always been at the core of Fluent’s operating brand, especially in Florida. With this new move, we will be able to align our corporate image with our company operations as Fluent enters this next phase. After the successful completion of RIV’s transformative deal, we are excited to bring our teams together under the new banner and become one of the best-positioned cannabis companies in the industry. “We look forward to working with each other to continue to build upon our recent success and create long-term shareholder value.”
Boards can be changed
After the RIV transaction, in addition to the change of name, the company has announced changes to their board of directors. Here are the following changes:
- Board of Directors Robert Beasley William Smith Christopher Hagedorn Dawn Sweeney Richard Mavrinac Roger Daher Roger Daher
- Mark Eckenrode, Richard Mavrinac, and Roger Daher comprise the Audit Committee.
- Governance and Compensation Committee: Dawn Sweeney as Chair, Chris Hagedorn (Vice-Chair) and William Smith.
Also, the company is looking to cut costs on director fees. Fluent announced that in exchange for cancelling $116,000 worth of director’s fees, it would give 1,657.063 of its common shares to selected directors between October 1, 2020 and December 31, 2030. The debt shares are to be sold at the same price as the CSE closing price on December 31st 2024 for common shares. This is $0.07.
Cansortium’s revenue increased 3.5% in November. 26.61 Million Dollars Comparatively $25,3 Million. . Florida Revenue increased by 3.6% $22.0 Million Compare $11.3 Million. The deal between the company and Riv Capital was closed in December, with plans for expansion in New York. The company is yet to announce the date when it will release its earnings for the fourth quarter of 2024.