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Florida Cannabis Operator Cansortium Posts 12% Revenue Surge, Prepares For Big Merger Amid Heated Price War

Benzinga ·  Aug 23 21:19

Cansortium Inc.(CSE:TIUM) (OTCQB:CNTMF), operating under theFLUENTbrand, reported Thursday its financial results for the second quarter ended June 30, 2023. The Tampa, Florida-based cannabis operatordisclosed a 12% revenue increase to $27.3 million, compared to $24.4 million in the same quarter last year.

"We delivered another quarter of year-over-year revenue growth and positive cash flow generation during the second quarter as we continued to execute on our growth objectives," stated CEORobert Beasley. "We continue to lay the foundation for growth and scalability while remaining excited about the opportunities ahead. In Florida, we have focused on enhancing manufacturing...

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