[PRESS RELEASE] – TAMPA, Fla., Nov. 4, 2026 – FLUENT Corp., a vertically integrated, multistate cannabis company, announces that it has entered into an amendment to its existing senior secured credit agreement, dated November 26, 2024, as amended on March 17, 2026, and April 17, 2026, by and among FLUENT, its Canadian and U.S. subsidiaries, the lenders party thereto and Chicago Atlantic Financial Services LLC, as administrative agent (the “credit agreement”).
The company and its Canadian and U.S. subsidiaries entered into the amendment in connection with the company’s previously announced plan of arrangement with Vireo Growth Inc. (the “arrangement”), with the execution and delivery of the amendment being a required condition to the closing thereof.
Among other things, the amendment provides the lenders’ consent to the arrangement in accordance with the terms of the credit agreement and allows FLUENT and its Canadian and U.S. subsidiaries to draw an additional US$10.5 million on the date of the amendment (the “closing date”) in the form of term loans (the “additional term loans”), which term loans bear interest at a rate of (i) 12% per annum, payable in cash, and (ii) 1% per annum, payable in kind, in each case payable monthly on the applicable payment date. The additional term loans are subject to, among other things, an original issue discount of 2% payable on the closing date, as well as an exit fee of 2% payable on maturity, prepayment or acceleration of such loans.
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.
