CNTMF - Cansortium Cuts Loss YoY Reports 14% Increase In Q1 Revenue Driven By Florida Cannabis Sales Ahead Of Merger With RIV Capital | Benzinga
Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF) a vertically-integrated, multi-state cannabis company operating under the FLUENT brand, announced its financial and operating results Thursday for the first quarter ended March 31, 2024.
"We delivered another quarter of year-over-year revenue growth and positive cash flow generation during the first quarter as we continued to execute on our growth objectives," CEO Robert Beasley said. "We are making the critical investments needed to lay the foundation for growth and support our future plans and remain excited about the opportunities ahead."
The first quarter earnings announcement comes on the heels of the news that Cansortium opted to merge with RIV Capital Inc. (OTC:CNPOF). The combined company will operate in Florida, New York, Texas and Pennsylvania, covering ...