Cansortium Adjusted EBITDA Doubles YoY, Q2 2021 Revenue Increases 24%, CEO Optimistic

Vertically integrated cannabis company Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF), which operates under the Fluent brand, announced its financial results Tuesday for the second quarter ended June 30, 2021.

In its second-quarter earnings report, the Miami-based company revealed a 24% year-over-year improvement in revenue, which amounted to $16.5 million.

"We continued to drive growth and profitability in our key markets during the second quarter, as reflected by another month of record sales in May," Robert Beasley, the company's CEO said. "Our continued focus on providing differentiated, high-quality and wellness products have been well received by our patients."

On Monday, the company announced it had received approval from the Florida Department of Health to commence operation of a new 43,000 square-foot greenhouse cultivation facility …

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