Cansortium Opens New Store In Miami Where It Touts A 'Strong Footprint'

Medical cannabis company Cansortium Inc. TIUM CNTMF has opened another dispensary in Florida.

The new location — 9611 N. Kendall Drive in Miami — is the company's fifth opening in 2020 and 23rd dispensary overall. 

Cansortium provides cannabis products under the Fluent brand.

The company's dispensaries, including the new store in Miami, offer Fluent premium dried flower, edibles, and full-spectrum concentrates and cartridges. It also carries an assortment of creams, drops, capsules, and suppositories.

Cansortium CEO Robert Beasley said that the Kendall dispensary is poised to be "one of our strongest performers in Miami-Dade County."

With the recently opened store in Coral Gables and one in Cutler Bay, the new store gives Cansortium a "strong footprint in populous South Miami," he continued.

Over the last year, Cansortium has been strengthening its presence in Florida. In February, the company secured roughly $4.6 million in financing through a private placement deal with Moxie.

Moxie agreed to provide management and operational consulting services, to help Cansortium accelerate its presence in Florida.

Simultaneously, the company opted to decrease its stake in the Latin American cannabis market. Following the issuing of shares to its Colombian partner Vision Science and Technology, S.A.S, in February, Consortium closed the sale of non-core operations in Puerto Rico to PRICH Biotech Corp.

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