Cansortium Inc. (OTCMKTS:CNTMF) is a business entity to emulate in the State of Florida, thanks to its strong focus on high-quality cannabis. It has this unrelenting commitment to bring into the cannabis industry operational excellence from seed to sale. The company has established very strong proficiencies in its operations. This is a move expected to enhance its plan to create significant shareholder value in its other markets in Michigan, Texas, and Pennsylvania.
The company, which operates under the Fluent™ brand, has had a longstanding dispute with Woodmere Health Partners LLC. The dispute arose from the unsuccessful application of a clinical registrant license with the Pennsylvania Department of Health. Woodmere was Woodmere market partner in Pennsylvania and has been disagreeing with the claim that it did not meet the conditions of consideration as a successful applicant.
However, Cansortium says the two companies have settled the dispute under certain terms. Woodmere will return the 483,616 proportionate voting shares to Cansortium as well as 204 common shares. On the other hand, Cansortium will issue 125,000 proportionate voting shares to Woodmere, and an additional 750,000 common share purchase warrants. They must have a term of three years and an exercise price of US$0.53.
The opening of Cansortium’s 21st Fluent™ Dispensary in Florida
Cansortium’s business in Florida seems to be booming. The opening of the company’s 21st Fluent™ Medical Marijuana Dispensary in the state is a clear indicator of its commitment to reach as many medical marijuana patients as possible. The new dispensary is conveniently located on a 4,200 square foot site. It is slightly over 10miles away from the next nearest dispensary.
This is not enough, though, according to Neal Hochberg, the company’s Executive Chairman. He explained, “We continue to expand our Florida dispensary network… We are currently targeting opening four additional dispensaries across Florida over the next four months to further capitalize on our position in Florida.”
From a welcoming and professional environment, the company says its customers get private consultation from knowledgeable staff.
The company’s products are also of high quality, and the staff carefully guides the patients into selecting the right ones.