CNTMF - Cansortium Revenue Grows In 2023 Thanks To Florida Net Loss Declines | Benzinga
Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF) a vertically-integrated cannabis company operating under the FLUENT brand, announced financial results Monday for the fourth quarter and full year ended December 31, 2023. Quarterly revenues increased 9% to $25.5 million, compared to $23.4 million in the same period of the prior year.
"We delivered record revenue and positive cash flow generation during the fourth quarter as we continued to execute on our growth objectives. 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," stated CEO Robert Beasley.
"In Florida, we continue to ramp our new dispensaries while driving cultivation improvements, leading to the production of more high quality, high THC products. These operating improvements drove higher retail prices and higher average basket size ...