Mr. Matt Mundy reports
FLUENT CORP. ANNOUNCES AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT
Fluent Corp. has entered into an amendment to its existing senior secured credit agreement, originally dated as of Nov. 26, 2024, by and among Fluent, its Canadian and U.S. subsidiaries, the lenders party thereto, and Chicago Atlantic Financial Services LLC, as successor administrative agent to Chicago Atlantic Admin LLC.
Among other things, the amendment permitted Fluent to draw an additional $6-million on the date of the amendment in the form of term loans, which term loans bear a paid-in-kind interest rate of 13.00 per cent per annum and are due to mature on Dec. 31, 2026.
Fluent intends to use the net proceeds from the term loans for working capital and general corporate purposes.
The foregoing description of the amendment is not complete and is qualified in its entirety by reference to the full text of the amendment, a copy of which will be filed on the company's profile on SEDAR+.
About Fluent Corp.
Fluent, a national cannabis consumer packaged goods company and retailer, is dedicated to being one of the highest-quality cannabis companies for the communities it serves. This is driven by Fluent's unrelenting commitment to operational excellence in cultivation, production, distribution and retail experience. Fluent produces an assortment of cannabis products under a diverse portfolio of brands including Moods, Knack, Wandr, Bag-O and Hyer Kind. Fluent operates in Florida, New York and Texas. Headquartered in Tampa, Fla., Fluent employs approximately 650 employees across eight cultivation and manufacturing facilities, 35 active retail locations, and a wholesale division which trades under Entourage servicing third party retailers in New York.
Fluent's common shares trade on the Canadian Securities Exchange under the symbol FNT.U and on the OTCQB Venture Market under the symbol CNTMF.
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