Proceeds to be used for working capital and general corporate purposes
TAMPA, Fla., March 18, 2026 (GLOBE NEWSWIRE) -- FLUENT Corp. (CSE:FNT) (OTCQB:CNTMF) ("FLUENT" or the "Company"), a vertically-integrated, multi-state cannabis company, today announced that it has entered into an amendment (the "Amendment") to its existing senior secured credit agreement, originally dated as of November 26, 2024, by and among FLUENT, its Canadian and US subsidiaries, the lenders party thereto and Chicago Atlantic Financial Services, LLC, as successor administrative agent to Chicago Atlantic Admin, LLC.
Among other things, the Amendment permitted FLUENT to draw an additional $6,000,000 on the date of the Amendment in the form of term loans, which term loans bear a paid-in-kind (PIK) interest rate of 13.00% per annum and is due to mature on December 31, 2026.
FLUENT intends to use the net proceeds from the term loans for working capital and general corporate purposes.
The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which will be filed on the Company's profile on SEDAR+ at www.sedarplus.ca.
About Fluent Corp.
FLUENT, a national cannabis consumer packaged goods company and retailer, is dedicated to being one of the highest quality cannabis companies for the communities it serves. This is driven by FLUENT's unrelenting commitment to operational excellence in cultivation, production, distribution, and retail experience. FLUENT produces an assortment of cannabis products under a diverse portfolio of brands including MOODS, Knack, Wandr, Bag-O and Hyer Kind. FLUENT operates in Florida, New York, and Texas. Headquartered in Tampa, Florida, FLUENT employs approximately 650 employees across 8 cultivation and manufacturing facilities, 35 active retail locations and a wholesale division which trades under ENTOURAGE servicing third party retailers in New York. For more information on the Company's wholesale division ENTOURAGE, please visit www.entouragewholesale.com.
FLUENT's Common Shares trade on the Canadian Securities Exchange under the symbol "FNT.U" and on the OTCQB Venture Market under the symbol "CNTMF". For more information about the Company, please visit www.getFLUENT.com.
About Chicago Atlantic
Chicago Atlantic is a private markets alternative investment manager focused on industries and companies where demand for capital exceeds traditional supply. The firm's investment strategies include opportunistic ...
