Cansortium Announces Shares for Debt Settlement

TAMPA, Fla., Nov. 10, 2023 (GLOBE NEWSWIRE) — Cansortium Inc. (CSE: TIUM.U) (OTCQB:CNTMF) (“Cansortium” or the “Company”), a vertically-integrated, multi-state cannabis company operating under the FLUENT™ brand, announces that the Company has issued an aggregate of 1,184,207 common shares (“Debt Shares”) to certain of its directors in exchange for the cancellation of US$112,500 of director fees owing for the period of July 1, 2023 to September 30, 2023, which was approved by the board of directors of the Company on May 27, 2023. The Debt Shares are being issued at a price equal to the closing market price of the common shares of the Company as listed on the Canadian Securities Exchange (“CSE”) on September 30, 2023, being US$0.095, in accordance with the policies of the CSE. In addition, each of the directors of the Company have agreed to be paid the fees owing to them for the period of October 1, 2023 to December 31, 2023 in common shares of the Company at a price per share equal to the closing market price of the common shares as listed on the CSE on December 31, 2023, in accordance with the policies of the CSE.

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