Cansortium ( (CNTMF) ) has released its Q2 earnings. Here is a breakdown of the information Cansortium presented to its investors.
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FLUENT Corp., a vertically-integrated, multi-state cannabis company, operates in the cannabis consumer packaged goods sector, focusing on cultivation, production, distribution, and retail across Florida, New York, Pennsylvania, and Texas.
In its latest earnings report, FLUENT Corp. announced a strategic pivot under new interim leadership, despite reporting financial results that fell short of expectations for the second quarter of 2025. The company highlighted significant operational milestones, including the largest harvest in its history at the Rosa cultivation facility in Florida and the commencement of operations at the Buffalo facility in partnership with Connected Cannabis.
Key financial metrics revealed a slight decline in revenue to $26.7 million from $27.3 million year-over-year, with Florida revenue dropping to $19.3 million. Gross profit before fair value adjustments was $10.4 million, representing 39% of revenue, down from 50.5% the previous year. Adjusted EBITDA also saw a decrease, attributed to lower revenue and increased production costs. However, the company generated $3.2 million in cash flow from operations, an improvement from the previous year.
Strategically, FLUENT Corp. is focusing on expanding its cultivation capabilities and enhancing product quality through its partnership with Connected Cannabis in New York. The company also continues to explore growth opportunities in Texas and Pennsylvania, while maintaining a strong retail presence with 42 locations and 8 production facilities.
Looking ahead, FLUENT Corp. is committed to a strategic turnaround with a focus on customer-centric operations, profitable growth, and disciplined cost management, as it navigates the evolving cannabis market landscape.