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Cansortium Cuts Loss YoY, Reports 14% Increase In Q1 Revenue Driven By Florida Cannabis Sales Ahead Of Merger With RIV Capital

By Jelena Martinovic
May 31, 11:34 AM
Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) a vertically-integrated, multi-state cannabis company operating under the FLUENT brand, announced on Thursday financial and operating results 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."

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RIV Capital Reports YoY Increase In Q1 Revenue, Gross Profit Ahead Of Merger With Cansortium To Create Four-State Cannabis Company

By Jelena Martinovic
May 31, 11:30 AM
Cannabis-focused acquisition and investment firm RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) released on Thursday its financial results for the first quarter ended March 31, 2024.Mike Totzke, the company's COO and interim CEO, called the first quarter "pivotal" referring to the official launch of the company's recreational cannabis operations in New York. The company opened its first adult-use dispensary in White Plains.

CNPOF