FLUENT announces $210,000 private placement with interim CEO

Cannabis company FLUENT Corp. (CSE: FNT.U) (OTCQB: CNTMF) announced it will complete a private placement offering of 3.5 million common shares at $0.06 per share, raising $210,000 in gross proceeds.

The offering involves solely the company's new Interim Chief Executive Officer David Vautrin, who will purchase all shares in connection with his employment agreement. The transaction is expected to close on September 5, 2025.

FLUENT stated the proceeds will be used for working capital and general corporate purposes. The offering constitutes a related party transaction as Vautrin is an insider of the company.

The company is relying on exemptions from valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as the fair market value of insider participation does not exceed 25% of the company's market capitalization. The board of directors approved the offering.

Under Rule 144 of the Securities Act of 1933, the shares must be held for one year before any resale.

FLUENT operates cannabis cultivation, manufacturing and retail facilities across Florida, New York, Pennsylvania and Texas. The Tampa-based company employs more than 700 people across eight cultivation and manufacturing facilities and 42 retail locations. The company also operates a wholesale division called ENTOURAGE that services third-party retailers in New York.

The information is based on a company press release statement.

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