FLUENT completes acquisition of RIV Capital, expanding its operations in New York
12/19/24, 7:22 PM
Location
miami
torontoIndustry
other
finance
Cansortium Inc., operating under the FLUENT brand, has completed the acquisition of RIV Capital Inc., further expanding its presence in the cannabis market. This acquisition allows FLUENT to expand its retail door count, add its first wholesale division, and strengthen its balance sheet with approximately US$33 million in cash. The combined company will continue to operate under the FLUENT name, with Robert Beasley named as CEO.
Company Info
Location
82 ne 26th st
Miami, Florida, United States
Company info
Fluent is a vertically integrated cultivator, processor, formulator, and retailer of premium medical cannabis. At Fluent, we believe in cannabis as an empowerment tool to help people become better versions of themselves. Simply put, Fluent is reshaping both the medical cannabis industry and public perceptions of the benefits of cannabis.