Latest news with #HyerKind
Yahoo
12-05-2025
- Business
- Yahoo
Introducing Entourage: A B2B Wholesale Platform Serving the New York Cannabis Market
Offering a Curated Portfolio of Brands Including MOODS, MOODS Black, and KNACK NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- FLUENT Corp. (CSE: FNT.U) (OTCQB: CNTMF) ('FLUENT' or the 'Company'), announces Entourage, a new wholesale cannabis platform serving licensed retailers across New York, officially launching with a curated portfolio of trusted and emerging brands. Developed in association with FLUENT, Entourage is committed to offering competitive pricing, retailer-first support, and a streamlined ordering experience in one of the nation's most dynamic cannabis markets. Entourage will debut at the Revelry event in Hudson, NY on May 14, where the team will present its lineup of brands and connect directly with dispensary operators and industry stakeholders. The event also marks the launch of 'New York Minute,' an exclusive new flavor in the MOODS vape line, inspired by the fast-paced energy and personality of the Empire State. Available immediately through Entourage: MOODS vape portfolio, featuring both botanical and native terpene formulations. KNACK, a premium whole flower brand known for top-tier genetics, hand-trimmed buds, and consistent quality. At the forefront of Entourage's expansion, Daniel Krug emphasizes the company's dedication to supporting New York's fast-growing cannabis market: 'Entourage is committed to providing top-tier wholesale services and reliable product lines. With innovative brands like MOODS and KNACK, competitive pricing, and consistent fulfillment, we're empowering dispensaries to thrive in an evolving landscape.' Designed with dispensary success in mind, Entourage is built on three core pillars: Partnership That Lasts: Delivering dependable support, responsive communication, and reliable fulfillment at every stage. Curated Brand Portfolio: Featuring everything from household names to emerging stars, carefully selected to meet the evolving needs of every market and consumer. Retailer-First Pricing: Providing flexible pricing and purchasing options to help dispensaries of all sizes increase margins and drive profitability. Entourage also plans to expand its brand menu with additional products from FLUENT's national lineup, including Hyer Kind concentrates and Wandr edibles. Retailers interested in working with Entourage can visit the team at Revelry on May 14 in Hudson, NY, or learn more at 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, Pennsylvania and Texas. Headquartered in Tampa, Florida, FLUENT employs more than 700 employees across 8 cultivation and manufacturing facilities and 42 active retail locations. For more information about the Company, please visit FLUENT's Common Shares trade on the CSE under the symbol 'FNT.U' and on the OTCQB Venture Market under the symbol 'CNTMF'. For more information about the Company, please visit Company Contact:Robert Beasley, CEOinvestors@ Media Contact:press@
Yahoo
18-04-2025
- Business
- Yahoo
FLUENT Corp (CNTMF) Q4 2024 Earnings Call Highlights: Navigating Challenges and Expanding Horizons
Annual Revenue: $103.6 million, a 6.4% increase over 2023. Q4 Revenue: $24.9 million, down from $25.5 million in Q4 2023. Florida Revenue (Q4): $20.3 million, compared to $21.6 million in 2023. Adjusted Gross Profit (Q4): $10 million or 40.1% of revenue, down from $12.6 million or 49.4% in 2023. Adjusted EBITDA (Q4): $3 million, compared to $6.9 million in 2023. Cash Flow Used in Operations (Q4): $14.7 million, compared to cash flow provided by operations of $1.4 million in 2023. Adjusted Gross Profit (Full Year): $50.3 million or 48.6% of revenue, compared to $49.5 million or 50.9% in 2023. Adjusted EBITDA (Full Year): $25 million, compared to $27.2 million in 2023. Cash and Cash Equivalents (End of 2024): $40.1 million. Total Debt Outstanding (End of 2024): $82.4 million. Store Locations: 42 locations across Florida, New York, Pennsylvania, and Texas, with plans to open three more in Florida by year-end. Warning! GuruFocus has detected 3 Warning Signs with CNTMF. Release Date: April 17, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. FLUENT Corp (CNTMF) achieved a record-breaking annual revenue of $103.6 million in 2024, marking a 6.4% increase over 2023. The successful acquisition of RIV Capital expanded FLUENT Corp's operational footprint in New York, enhancing its multistate presence. The company strengthened its financial position with a non-dilutive debt refinancing and ended the year with over $40 million in cash and cash equivalents. FLUENT Corp launched new brands, MOODs and KNACK, in New York, and introduced Hyer Kind, a concentrates line, in Florida, which are gaining early traction with consumers. The company is expanding its operational footprint with 42 locations across Florida, New York, Pennsylvania, and Texas, and plans to open three more stores in Florida by year-end. Revenue in the fourth quarter of 2024 decreased to $24.9 million from $25.5 million in Q4 2023, primarily due to price pressures from increased inventory in Florida. Florida revenue dropped to $20.3 million compared to $21.6 million in 2023, impacting overall financial performance. Adjusted gross profit for Q4 2024 was $10 million or 40.1% of revenue, down from $12.6 million or 49.4% of revenue in 2023. Adjusted EBITDA for Q4 2024 decreased to $3 million from $6.9 million, driven by the decline in the Florida market. Cash flow used in operations for the last quarter of 2024 was $14.7 million, a significant decline from the $1.4 million provided by operations in the prior year. Q: With the current share price and a modest valuation of 1x revenue, have you considered a share buyback program from your available cash flow? A: Robert Beasley, CEO: We have considered a share buyback at the Board level several times. Now that we have the cash available, it is on the table as a possible option. However, it has not reached the level of serious consideration yet, but it remains one of the many options to impact share value for the benefit of shareholders. Q: Can you provide more details on the financial performance in Florida and its impact on overall results? A: Patricia Fonseca, CFO: In Q4 2024, Florida revenue was $20.3 million compared to $21.6 million in 2023, primarily due to price pressures from increased inventory. This impacted our adjusted gross profit and EBITDA, which decreased due to the slowdown in the Florida market. Q: What are the expectations for the new cultivation facilities in Tampa and Buffalo? A: Robert Beasley, CEO: Construction is near completion for both facilities. The Tampa facility, Rosa, is expected to be operational by Q3 2025, and the Buffalo facility is anticipated to have its first plant date around June 2025. These facilities are designed for high-quality flower output, enhancing our production capabilities in Florida and New York. Q: How did the acquisition of RIV Capital impact your operations in New York? A: Robert Beasley, CEO: The acquisition provided us with a solid operational footprint in New York, including retail, wholesale, and cultivation assets. This expansion has been pivotal in strengthening our multistate presence and enhancing our brand portfolio with successful launches like MOODs and KNACK. Q: What are the strategic plans for expanding your retail presence? A: Robert Beasley, CEO: We currently have 42 locations across Florida, New York, Pennsylvania, and Texas, with plans to open three more stores in Florida by year-end. Additionally, we are building a wholesale program in New York under the name Entourage to leverage the increasing retail presence in the state. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Associated Press
04-04-2025
- Business
- Associated Press
FLUENT Expands Hyer Kind Brand to the New York Market
NEW YORK, April 04, 2025 (GLOBE NEWSWIRE) -- FLUENT Corp. (CSE: FNT.U) (OTCQB: CNTMF) ('FLUENT' or the 'Company'), a national cannabis company operating under the FLUENT™ brand, is proud to announce the launch of Hyer Kind, a cosmic voyage into the world of premium cannabis, in the state of New York. Hyer Kind's expertly crafted live rosin-infused pre-rolls 'Boosters' are now available at all adult-use FLUENT retail stores throughout New York and its rapidly growing wholesale channels statewide. Designed for exceptional flavor and quality, these pre-rolls cater to the rising demand for infused options in the Empire State. 'We are thrilled to expand access to Hyer Kind products beyond Florida and now into New York,' said Robert Beasley, CEO of FLUENT. 'As we grow our brand and product portfolio in New York, we remain committed to aligning our menu selection with Florida, ensuring consistency and familiarity for our patients and customers nationwide.' The infused pre-rolls - Hyer Kind 'Boosters' - will be initially offered in two formats, 1g single and multi-pack option of five 0.5g pre-rolls. Each Hyer Kind product is crafted to deliver unmatched, full-spectrum flavor derived directly from premium cannabis plants. The process begins with in-house whole flower selection and extends to cutting-edge hydrocarbon and solventless extraction techniques, ensuring the highest level of quality. Hyer Kind Boosters can now be found through wholesale channels in New York and at all FLUENT adult- use locations in New York . FLUENT plans to continue expanding the Hyer Kind brand in both Florida and New York to create a robust portfolio of concentrates and infused product offerings. For more information on product releases and availability, visit the FLUENT website and follow FLUENT on Instagram @Fluent_FL to stay up-to-date on the Company's latest innovations and offerings. About FLUENT Corp. 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, Pennsylvania and Texas. Headquartered in Tampa, Florida, FLUENT employs 700 employees across 8 cultivation and manufacturing facilities and 42 active retail locations. For more information about the Company, please visit
