Cansortium Announces Expansion of Tampa Cultivation Facility to Support Continued Growth in Florida Medical Marijuana Market

Phase 2 of the expansion more than doubles the company's Florida cultivation output.

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MIAMI, FL, Aug. 19, 2019 /CNW/ - PRESS RELEASE - Cansortium Inc., a vertically-integrated, global provider of medical cannabis operating under the Fluent brand, has announced that it has begun growing in Phase 2 at its indoor medical marijuana cultivation facility in Tampa, Fla.

Cansortium Chief Executive Officer Jose Hidalgo emphasized, "This Phase 2 expansion of our Tampa cultivation facility is another important step in support of our strategy to increase our revenue-generating capacity toward our goal of achieving operating profitability.

"Expanding our Florida production capacity provides us with additional supply of high-quality cannabis to process into the wide variety of Fluent-branded medical marijuana products sold through our Florida dispensary network, currently comprising 15 dispensaries in key markets, which we expect to expand to more than 30 during 2020. In addition to our exciting progress in Florida, we continue to build our business platforms in Texas, Pennsylvania and Puerto Rico, as well as pursue foundational licensing in other markets to support future growth."

Approved by the Florida Department of Health on Aug. 6, 2019, Phase 2 will enable the company to realize an effective canopy coverage which, when fully propagated, will more than double the company's existing production capability. Previously an indoor vertical lettuce farm, the Tampa cultivation facility utilizes a state-of-the-art multi-level vertical cultivation method which enables the company to produce a total cultivation canopy area equivalent to a 60,000-square-foot greenhouse in only a 21,000-square-foot footprint. The company expects the first harvest from its new Phase 2 Tampa facility to occur in October 2019, with subsequent ongoing harvests anticipated to mature approximately every week once the facility is fully propagated.

In addition to the company's Tampa cultivation facility, the company operates a 31,000-square-foot greenhouse and GMP-certified 9,000-square-foot processing facility in Winter Garden, Fla. Together, the company's Tampa and Winter Garden facilities are expected to supply the raw materials needed to produce the Company's full assortment of high-quality, consistently-formulated, Fluent-branded medical marijuana products for the Florida market, including premium dried flower.

Cansortium's cultivation operations and R&D are managed by a team of highly-qualified professionals, including accredited experts in agronomy and plant husbandry.

For a complete list of Fluent dispensary locations, current promotions and rewards programs and hours of operation, or to explore the entire Fluent product line and place an online order for home delivery, visit https://getfluent.com/.