Cansortium Investors Pull Back After Q4 Print: What Cannabis Stock Investors Need To Know

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 …

Full story available on Benzinga.com

More Cansortium Investors Pull Back After Q4 Print: What Cannabis Stock Investors Need To Know