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Agreed , and if rec come sto Florida next year this stock will be hot ... $3 ?
Market cap this low makes no sense Florida is gonna just grow and grow ,,,, Florida alone allows 59 stores or at least thats how many trulieve has with a 2 billion plus $ Mrkt Cap
thats 38 more stores then they currently have and the florida population can support all the Lic holders maxing out the amount of stores allowable.
Bonus for me is the significant shareholder value in, Michigan and Pennsylvania,and maybe texas ( dont know the market) where the Company has secured licenses and established operations.
Welcome aboard nice see another poster ..
Market cap here is crazy ..
Florida is ready to take off , snowbirds returning , 2nd fastest growing state , Consumption of cannabis increasing rapidly, ,supply issues will start soon
https://www.forbes.com/sites/irisdorbian/2020/09/18/cannabis-consumption-surges-during-pandemic-as-sleep-issues-and-anxieties-mount-says-new-poll/#14b8bdd343d5
Cansortium Inc. Announces Management Agreement with Freedom Town Holdings, LLC for New Florida Cultivation and Production Facility
07/20/2020
MIAMI, July 20, 2020 /PRNewswire/ - Cansortium Inc. (CSE:TIUM.U) (OTCQB: CNTMF) ("Cansortium" or the "Company"), a vertically integrated cannabis company with operations in Florida, Texas, Michigan and Pennsylvania, today announced the signing of a Management Agreement (the "Management Agreement") with Freedom Town Holdings, LLC ("FT"), a multi-state operator that specializes in the production of high end cannabis flower, products, genetics and extraction, pursuant to which FT will provide management and operational consulting services for the Company's newly secured Florida cultivation and production facility in Zolfo Springs, Florida. The Management Agreement, which has a term of 7 years and compensates FT based on the level of facility production, will leverage FT's cultivation and processing expertise to expand Cansortium's cultivation in its home market of Florida, help accelerate Cansortium's opening of new dispensaries across the state, and ensure a consistent supply of high quality dry flower and extract products to Cansortium's growing patient base.
The 26,000 square foot Zolfo Springs facility is expected to commence operations during the first quarter of 2021 following approval from the Florida Department of Health and will complement the Company's existing Florida cultivation and production, including that of its principal facility in Tampa. The capital costs of the initial buildout of the Zolfo Springs facility will be funded by FT and repaid from the profit generated by the facility. The second phase buildout, which will be funded by cash flow from the facility, is anticipated to occur in 2022.
Neal Hochberg, Executive Chairman of the Board, commented, "We are very excited to partner with FT on this opportunity to expand our cultivation and production footprint in our home state of Florida. We believe the production from this facility will allow us to expand our product offerings, greatly enhancing our customer experience."
https://investors.getfluent.com/news-releases/news-release-details/cansortium-inc-announces-management-agreement-freedom-town
FLOAT .. 67,617,957 as of 8/18/2020
Let’s f gooooooooo
Wonder when the move up will come? $CNTMF
Business Overview (Continued)
Florida
Most of the Company’s existing business takes place in the State of Florida.
Fluent Servicing was formed on July 1, 2015 for the purpose of cultivating, manufacturing, and retailing in the cannabis industry.
As of the date of this MD&A, Fluent Servicing operates one cultivation and production facility in Tampa, FL, producing various
products ranging from tinctures, capsules, suppositories, topicals and inhalation vaporizers. The Tampa facility is approximately
22,000 sq. ft. of indoor cultivation which includes 20,160 sq. ft. of flowering canopy over 6 levels. The Company transitioned its
production and cultivation activities to the Tampa facility from the Winter Garden facility in July and August 2020, prior to the
termination of the Winter Garden lease on August 13, 2020.
On July 20, 2020, the Company secured and additional 26,000 square foot cultivation and production facility in Zolfo Springs,
Florida to complement the Company's existing Florida cultivation and production capabilities with first harvest expected during
the first quarter of 2021.
As of the date of this MD&A, the Company operates 21 dispensaries throughout the State of Florida. An additional five locations
are in various stages of construction and regulatory approval with plans to open during 2020.
In the State of Florida, the Department of Health, Office of Medical Marijuana Use (the “Department”) issues licenses to Medical
Marijuana Treatment Centers to cultivate, process and sell medical cannabis (referred to as an “MMTC License”). The Company
operates under an MMTC License issued to Spirit Lake Road Nursery, LLC, a wholly-owned indirect subsidiary of the Company.
Texas
The Company owns and operates 1,300 sq. ft. of cultivation space in climate and humidity-controlled C-containers which includes
1,920 sq. ft. of flowering canopy over 2 levels. Currently, the Company only sells in Texas via home deliveries. The Company has
rights to expand the cultivation facility up to 400,000 additional sq. ft. as demand requires.
In May 2019, the Texas legislature passed a bill that significantly expanded the Texas Compassionate Use Act. It was subsequently
signed into law by the Governor. The new law increases legal access to medical cannabis products containing up to 0.5 percent
THC for patients coping with a broader list of chronic medical conditions and diseases including epilepsy, seizure disorders,
multiple sclerosis, spasticity, amyotrophic lateral sclerosis, autism, and terminal cancer.
Pennsylvania
The Company currently operates one (1) dispensary and is licensed to operate up to three (3) dispensaries in the south-central
region of Pennsylvania for the sale of medical cannabis only. This dispensing permit allows for the purchase of finished products
from permitted processors in the Commonwealth of Pennsylvania.
The Company expects to develop two (2) new dispensaries in the south-central region of Pennsylvania during 2020 that will begin
operating in early 2021.
Michigan
In October 2018, the Company partnered with Green Standard Holdings LLC and Green Standard, Inc. collectively, (“Green
Standard”) to acquire cultivation, production and future retail dispensary licenses from Green Standard. To date, Green Standard
has been issued 12 Class C Cultivation Licenses and has pre-qualification status to receive 12 additional Class C Cultivation
Licenses and an operating license to process and a retail license to open up to 8 retail locations in the state. Each Class C
Cultivation license allows for the cultivation of up to 1,500 plants. In May 2019, the Company acquired vacant land in order to
develop an outdoor cultivation facility with Green Standard. Cultivation began in August 2019 and the first harvest from this
Michigan facility started to be sold to wholesale customers during the second quarter of 2020. Current year Michigan cultivation
is underway, and harvest of approximately 5,500 plants is expected to occur in late summer
CNTMF...fill my order instead of selling past it. People's phones are suffering. :)
Phone died
10 million in revs pretty good 89% increase !
Very undervalued here compare to tcnnf , or lhs
A new location .... 20 stores now !!!
Please let me know ..... I’m loaded ..
O ok I drive by one frequently, I need to dig in here and check it out Thanks.
Nice move, what name on the dispensary's ?
Anyone know when earnings are coming out ?
I'm here with ya. Been in this one for awhile too. Hoping to see a big turn around soon.
Anyone here with me ... I’m so lonely .?
Bottoms in let’s goooooo 19 dispensers in Florida
anyone buying here ? for 2020 rec in florida
I have been told this is one to watch.
Be sure to add this stealthy mso to watch or buy list. Rapid expansion in Florida and one of very few license holders in Texas just to name a few of their bright spots. I have recently started a healthy position...
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