Vertically integrated cannabis company Cansortium Inc. (CSE: TIUM) (OTCQB: CNTMF), which operates under the Fluent brand, announced its fourth-quarter and full-year 2020 financial results Monday.
The Miami-based company generated $14.7 million in consolidated revenue during the three months ending Dec. 31, marking a 54% year-over-year increase.
"Our strong fourth-quarter results reflect the many improvements we have made across the organization, and that momentum has carried into 2021," CEO Robert Beasley said in a statement.
Cansortium's Q4 Highlights
- Florida revenue spiked 43% year-over-year to $12.8 million.
- Consolidated loss from operations amounted to $8.4 million versus a $32.8-million loss in the corresponding quarter of 2020.
- Consolidated adjusted EBITDA …