Latest news with #KNACK
Yahoo
20-05-2025
- Business
- Yahoo
FLUENT Launches KNACK Whole Flower Brand in Florida, Expanding New York Line to the Sunshine State
TAMPA, Fla., May 20, 2025 (GLOBE NEWSWIRE) -- FLUENT Corp. (CSE: FNT.U) (OTCQB: CNTMF) ('FLUENT' or the 'Company'), a national cannabis company operating under the FLUENT™ brand, proudly announces the Florida launch of KNACK, its whole flower brand already trusted by New York consumers. Featuring a curated, rotating selection of hybrid, indica, and sativa strains in a 3.5-gram format, KNACK is now available at all 35 FLUENT dispensaries across Florida. KNACK originally debuted in New York, where it quickly gained traction for delivering high-quality, flavorful, and affordable flower to everyday consumers. The brand is also available at third-party dispensaries in New York via ENTOURAGE wholesale platform. The introduction of KNACK in Florida represents a milestone in FLUENT's ongoing evolution and renewed focus on raising the standard of whole flower throughout the state. With revamped cultivation practices, refined genetics, and a deeper connection to consumer preferences, FLUENT is doubling down on quality and Beasley, CEO of FLUENT, shared his thoughts on the launch:'KNACK's expansion into Florida is more than just a product launch—it's a reflection of the progress we've made in refining our flower quality. We've listened to our community, invested in our cultivation facilities, and made major improvements to bring Florida consumers the kind of flower they expect from a top-tier brand.' Built for true connoisseurs, KNACK is guided by core brand pillars: Powered by Passion: We're consumers ourselves and take pride in growing high-quality, affordable cannabis for our community that's set to true connoisseur's standards. Diverse and Consistent Genetics: Our ever-changing canopy has a wide array of strains, flavors and lineages, helping to ensure we have something for everyone looking for a great time. Local Roots: The community is an essential partner in everything we do. Our team works tirelessly in our locally grown garden to source the genetics our consumers want, delivering unmatched quality and approachability. KNACK's arrival signals FLUENT's next chapter, one focused on cultivating exceptional flower with authenticity, transparency, and craft at its core. Wherever you are, KNACK is here to elevate the experience, because with KNACK, you're always in good company. This exciting launch follows the recent release of KNACK (Lit)les multipack pre-rolls in New York—a product FLUENT plans to bring to the KNACK lineup in Florida, along with larger whole flower size formats. To browse current KNACK strains and find your nearest dispensary, visit and follow FLUENT on Instagram @Fluent_FL to stay up-to-date on the Company's latest innovations and offerings. 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@ A photo accompanying this announcement is available at: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
30-04-2025
- Business
- Globe and Mail
FLUENT Expands KNACK Product Portfolio with Multipack Pre-Roll Launch in New York
NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- FLUENT Corp. (CSE: FNT.U) (OTCQB: CNTMF) ('FLUENT' or the 'Company'), a national cannabis company operating under the FLUENT™ brand, is expanding its KNACK product line in New York with the launch of KNACK (Lit)les, a convenient multipack of pre-rolls. Now available at all FLUENT New York retail locations and at third party retail locations through Entourage Wholesale and , each KNACK (Lit)les tin contains five 0.35g pre-rolls, offering a perfectly portioned and convenient smoking experience. 'We're committed to evolving with New York's dynamic cannabis market,' said Robert Beasley, CEO of FLUENT. 'The new KNACK (Lit)les multi-pack provides an easy, portable option for consumers looking for high-quality pre-rolls on the go.' Grown in the heart of the Adirondacks, KNACK's premium cannabis flower is cultivated using advanced indoor growing techniques to ensure exceptional quality and consistent potency. Each strain is carefully selected and meticulously nurtured to enhance its distinct characteristics. The initial (Lit)les lineup includes Purple Starfruit and Citron strains, with additional strains rolling out soon to ensure we have something for everyone looking for a great time, because we've got a KNACK for delivering the perfect vibe. Looking ahead, FLUENT plans to expand the KNACK brand into Florida in Q2 2025. Wherever you are, KNACK is here to elevate the experience—because with KNACK, you're always in good company. For more information about KNACK, 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 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
Yahoo
30-04-2025
- Business
- Yahoo
FLUENT Expands KNACK Product Portfolio with Multipack Pre-Roll Launch in New York
KNACK (Lit)les (Multi-Pack Pre-Rolls) Now Available for Medical and Adult-Use Consumers NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- FLUENT Corp. (CSE: FNT.U) (OTCQB: CNTMF) ('FLUENT' or the 'Company'), a national cannabis company operating under the FLUENT™ brand, is expanding its KNACK product line in New York with the launch of KNACK (Lit)les, a convenient multipack of pre-rolls. Now available at all FLUENT New York retail locations and at third party retail locations through Entourage Wholesale and , each KNACK (Lit)les tin contains five 0.35g pre-rolls, offering a perfectly portioned and convenient smoking experience. 'We're committed to evolving with New York's dynamic cannabis market,' said Robert Beasley, CEO of FLUENT. 'The new KNACK (Lit)les multi-pack provides an easy, portable option for consumers looking for high-quality pre-rolls on the go.'Grown in the heart of the Adirondacks, KNACK's premium cannabis flower is cultivated using advanced indoor growing techniques to ensure exceptional quality and consistent potency. Each strain is carefully selected and meticulously nurtured to enhance its distinct characteristics. The initial (Lit)les lineup includes Purple Starfruit and Citron strains, with additional strains rolling out soon to ensure we have something for everyone looking for a great time, because we've got a KNACK for delivering the perfect vibe. Looking ahead, FLUENT plans to expand the KNACK brand into Florida in Q2 2025. Wherever you are, KNACK is here to elevate the experience—because with KNACK, you're always in good company. For more information about KNACK, 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"), 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@ A photo accompanying this announcement is available at in to access your portfolio
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.
