18:54:47 EDT Fri 19 Apr 2024
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Cansortium Inc
Symbol TIUM
Shares Issued 90,017,171
Close 2020-02-20 U$ 0.30
Market Cap U$ 27,005,151
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Cansortium opens 19th Florida cannabis dispensary

2020-02-21 10:15 ET - News Release

Mr. Jose Hidalgo reports

CANSORTIUM ANNOUNCES OPENING OF ITS 19TH FLUENT MEDICAL MARIJUANA DISPENSARY IN FLORIDA

Cansortium Inc. has continued its Florida expansion with the Feb. 20 opening of its 19th Florida dispensary, its first of 2020 and one of several more at various stages of construction and approval that the company expects to add to its network during the first half of the year.

The company's newest dispensary is located at 3611 U.S. Highway 98 West in Panama City, along the Emerald Coast between Tallahassee and Pensacola. The 1,400-square-foot site will serve residents of Panama City and the surrounding area, home to two United States military bases and numerous large private employers, as well as Florida State University's Panama City Campus, Gulf Coast State College and a satellite campus of Troy University.

Cansortium's chief executive officer, Jose Hidalgo, noted: "We continue to expand our Florida dispensary network, enhancing access to premium-quality Fluent cannabis products for medical marijuana patients across the state. In addition to our existing dispensaries in Tallahassee and Fort Walton Beach, our new Panama City dispensary represents a key link in the Fluent brand's growing presence across the Florida panhandle, further capitalizing on our position as one of the first five licensed operators in Florida -- the state with the second-largest and fastest-growing medical marijuana patient population in the U.S."

The Fluent brand continually strives to set the standard for premium-quality, consistently formulated cannabis products. Each of the company's Florida dispensaries carries a complete assortment of Fluent premium dried flower and full spectrum concentrates and cartridges, as well as creams, drops, capsules and suppositories. All Fluent products in the company's Florida dispensaries use high-quality cannabis that is cultivated, processed and packaged in the company's state-of-the-art Florida facilities in strict compliance with Florida regulations. For consumers, the sleek, modern dispensaries provide a warm, welcoming, professional environment, with private consultation rooms and knowledgeable staff who carefully guide patients in selecting the right products and carefully safeguard patient privacy.

About Cansortium Inc.

Headquartered in Miami, Fla., and operating under the Fluent brand, Cansortium is focused on being the highest-quality cannabis company in Florida, driven by unrelenting commitment to operational excellence from seed to sale. Cansortium has developed strong proficiencies in each of cultivation, processing, retail and distribution activities, the result of successfully operating in the highly regulated cannabis industry.

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