Fluent Corp. (CNTMF)
Fluent Corp. is a comprehensive cannabis enterprise, managing all stages of its business from cultivation to retail, with licenses and active operations spanning Florida, Pennsylvania, New York, and Texas. It conducts business under its proprietary "Fluent" brand, aiming to be a premier provider of high-quality cannabis products and services for the communities it engages with. This ambition is underpinned by Fluent's unwavering pursuit of operational superiority across all key areas: growing, processing, logistics, and sales. The company's principal office is situated in Tampa, Florida. Its ordinary shares are publicly traded on the CSE as "TIUM.U" and on the OTCQB under the ticker "CNTMF." For additional corporate information, interested parties can visit www.investors.getfluent.com.
Industry: Drug Manufacturers - Specialty & Generic
Fluent Corp.
OTC:CNTMFHealthcare · Drug Manufacturers - Specialty & Generic
-6.88%$0.0149
Mkt Cap$7.57M
Float145.56M
O/S508.31M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$86.69M
Net Income-$72.5M
Total Assets$148.58M
Free Cash Flow-$14.98M
Debt & Equity
Debt 237%
Total Debt$139.86M
Total Equity-$80.96M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CNTMF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$148.58M
Liabilities$229.54M
Accounts Receivable$839K
Accounts Payable$6.94M
Inventory$15.48M
PP&E (Net)$83.5M
Goodwill$1.52M
Intangible Assets$33.11M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Revenue | $86.69M | $103.56M | $97.29M | $87.69M | $65.44M | $52.39M | $28.51M | $8.06M | $0 | $0 |
| YoY Growth | -16.3% | 6.4% | 10.9% | 34.0% | 24.9% | 83.7% | 253.7% | - | - | - |
| Cost of Revenue | $58.62M | $49M | $49.76M | $50.73M | $29.65M | $22.51M | $10.46M | $5.19M | $341K | $5K |
| Gross Profit | $28.07M | $54.56M | $47.53M | $36.96M | $35.79M | $29.88M | $18.06M | $2.87M | -$341K | -$5K |
| Gross Margin | 32.4% | 52.7% | 48.9% | 42.2% | 54.7% | 57.0% | 63.3% | 35.6% | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $39.38M | $36.81M | $30.95M | $27.41M | $30.05M | $32.12M | $41.05M | $21.39M | $7.96M | $552K |
| Other | $3.92M | $11.21M | $7.32M | $6.76M | $6.38M | $6.17M | $7.87M | -$374K | $0 | $0 |
| Total Operating Expenses | $43.3M | $48.02M | $38.27M | $34.18M | $36.43M | $38.29M | $48.91M | $23.12M | $7.96M | $552K |
| Operating Income (EBIT) | -$15.23M | $6.54M | $9.27M | $2.99M | -$3.07M | -$8.41M | -$30.86M | -$20.25M | -$8.3M | -$557K |
| Operating Margin | -17.6% | 6.3% | 9.5% | 3.4% | -4.7% | -16.1% | -108.2% | -251.2% | - | - |
| Interest Expense | $20.48M | $20.01M | $17.98M | $16.21M | $16.04M | $13.95M | $14.81M | $3.79M | $0 | $0 |
| Interest Income | $512K | $58K | $41K | $82K | $278K | $188K | $0 | $0 | $371K | $0 |
| Other Income (Expense) | -$52.74M | -$40.23M | -$18.42M | -$30.63M | -$10.71M | -$21.98M | -$18.21M | $19.2M | -$2.59M | -$1.37M |
| Income Before Tax (EBT) | -$67.97M | -$33.7M | -$9.16M | -$26.77M | -$11.36M | -$30.4M | -$49.07M | -$1.05M | -$10.89M | -$1.92M |
| Income Tax Expense | $17.72M | $6.69M | $13.59M | $10.38M | $7.65M | $6.34M | $4.16M | $0 | $0 | $0 |
| Net Income | -$72.5M | -$40.39M | -$22.75M | -$37.15M | -$19M | -$36.73M | -$53.23M | -$327K | -$10.14M | -$1.89M |
| Net Income Margin | -83.6% | -39.0% | -23.4% | -42.4% | -29.0% | -70.1% | -186.7% | -4.1% | - | - |
| Supplementary Data | ||||||||||
| EPS | -0.12 | -0.13 | -0.08 | -0.15 | -0.08 | -0.18 | -0.29 | -0.00 | -0.16 | -0.03 |
| Diluted EPS | -0.10 | -0.13 | -0.08 | -0.15 | -0.08 | -0.18 | -0.29 | -0.00 | -0.16 | -0.03 |
| Weighted Average OS | 604.75M | 305.53M | 284.38M | 252.70M | 228.63M | 199.00M | 185.59M | 75.51M | 63.66M | 63.66M |
| EBITDA | -$26.25M | $1.31M | $23.9M | $17.28M | $11.66M | -$8.18M | -$25.38M | $4.47M | -$10.18M | -$1.92M |
| EBITDA Margin | -30.3% | 1.3% | 24.6% | 19.7% | 17.8% | -15.6% | -89.0% | 55.4% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $4.41M | $35.61M | $10.52M | $8.36M | $9.02M | $3.39M | $2.52M | $2.03M | $3.03M | $1.32M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $200K | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $4.41M | $35.61M | $10.52M | $8.36M | $9.22M | $3.39M | $2.52M | $2.03M | $3.03M | $1.32M |
| Accounts Receivable | $839K | $422K | $215K | $28K | $26K | $4.01M | $4.01M | $62K | $2.65M | $0 |
| Inventory | $15.48M | $18.32M | $9.57M | $9.97M | $12.28M | $6.92M | $10.55M | $5.39M | $88K | $0 |
| Other Current Assets | $7.1M | $5.95M | $1.1M | $24K | $1.01M | $466K | $54K | $371K | $21K | $0 |
| Total Current Assets | $28.72M | $61.43M | $22.19M | $19.24M | $23.54M | $15.68M | $23.94M | $8.02M | $5.79M | $1.52M |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $83.5M | $98.93M | $59.59M | $62.21M | $53.33M | $38.61M | $39.32M | $18.57M | $3.83M | $321K |
| Goodwill | $1.52M | $1.52M | $1.52M | $1.53M | $1.53M | $1.53M | $1.53M | $7.5M | $0 | $0 |
| Intangible Assets | $33.11M | $37.59M | $93.59M | $94.29M | $95.82M | $97.03M | $98.57M | $105.66M | $1.03M | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $4.89M | $200K | $3.42M | $0 | $7.44M | $4.23M |
| Deferred Tax Assets | $0 | $1.04M | $0 | $0 | -$4.89M | $1.05M | $0 | $0 | -$260 | $0 |
| Other Long-Term Assets | $1.73M | $6.48M | $907K | $768K | $8.24M | $425K | $291K | $721K | $8K | $5K |
| Total Long-Term Assets | $119.87M | $145.56M | $155.61M | $158.79M | $158.92M | $138.85M | $143.13M | $132.45M | $12.31M | $4.56M |
| Other Assets | $0 | $1K | $0 | $0 | $0 | -$2K | -$1K | $1K | $0 | $0 |
| Total Assets | $148.58M | $206.99M | $177.8M | $178.03M | $182.46M | $154.53M | $167.07M | $140.47M | $18.1M | $6.07M |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $6.94M | $6.33M | $5.53M | $6.93M | $8.52M | $4.81M | $7.86M | $4.91M | $1.15M | $0 |
| Short-Term Debt | $1.25M | $755K | $213K | $741K | $619K | $38.58M | $9.35M | $43.84M | $3.86M | $250K |
| Current Income Tax Payable | $60.15M | $44.32M | $22.01M | $13.95M | $2.12M | $8.93M | $1.49M | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $7.97M | $16.54M | $6.63M | $3.94M | $0 | $0 |
| Other Current Liabilities | $1.63M | $7.11M | $9.11M | $22.63M | $6.08M | $16.34M | $17.93M | $12.16M | $1.01M | $0 |
| Total Current Liabilities | $85.35M | $71.68M | $49.51M | $37.96M | $23.56M | $69.24M | $42.04M | $64.85M | $6.28M | $256K |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $67.15M | $75.26M | $61.19M | $56.97M | $53.67M | $13.18M | $31.73M | $9.45M | $39K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $4.05M | $4.82M | $17.4M | $20.29M | $21.56M | $23.47M | $24.96M | $0 | $0 | $0 |
| Other Long-Term Liabilities | $7M | $12.49M | $3.88M | $1.33M | $21.56M | $0 | $0 | $450K | $0 | $0 |
| Total Long-Term Liabilities | $144.19M | $144.29M | $119.71M | $112.51M | $96.33M | $57.46M | $77.85M | $9.9M | $39K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $229.54M | $215.97M | $169.22M | $150.47M | $119.89M | $126.7M | $119.89M | $74.75M | $6.32M | $256K |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $206.63M | $206.42M | $183.69M | $180.95M | $180.66M | $137.84M | $149.32M | $91.66M | $32.97M | $7.74M |
| Retained Earnings | -$330.71M | -$258.21M | -$217.82M | -$195.07M | -$157.65M | -$138.61M | -$123.78M | -$25.24M | -$21.27M | -$1.89M |
| Comprehensive Income & Other | -$1.2M | -$1.2M | $42.72M | $41.68M | $39.56M | $28.61M | $21.8M | -$488K | $301K | $0 |
| Other Stockholders' Equity | $43.12M | $42.81M | $42.72M | $41.68M | $39.56M | $28.61M | $21.8M | -$192K | $301K | $0 |
| Total Equity | -$80.96M | -$8.98M | $8.59M | $27.56M | $62.57M | $27.83M | $47.34M | $66.23M | $12M | $5.85M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | -$159K | -$515K | -$210K | -$30K |
| Total Liabilities and Equity | $148.58M | $206.99M | $177.8M | $178.03M | $182.46M | $154.53M | $167.22M | $140.98M | $18.31M | $6.1M |
| Supplementary Data | ||||||||||
| Total Debt | $139.86M | $132.49M | $101.52M | $93.75M | $77.88M | $74.47M | $63.33M | $53.3M | $3.9M | $250K |
| Net Debt | $135.45M | $96.88M | $91M | $85.4M | $68.86M | $71.08M | $60.81M | $51.27M | $863K | -$1.07M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Operating Activities | ||||||||||
| Net Income | -$72.5M | -$40.39M | -$22.75M | -$37.15M | -$19M | -$36.62M | -$65.64M | -$1.05M | -$10.14M | -$1.89M |
| Depreciation & Amortization | $21.24M | $14.99M | $15.08M | $13.43M | $9.81M | $8.28M | $8.87M | $1.73M | $341K | $5K |
| Deferred Income Tax | $13.66M | $30.46M | -$2.89M | -$1.27M | -$836K | -$2.69M | $2.67M | -$23.36M | $0 | $0 |
| Stock-Based Compensation | $308K | $538K | $638K | $545K | $4.3M | $5.74M | $6.65M | $3.69M | $1.6M | $278K |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | -$417K | $24K | -$187K | -$2K | $122K | -$4K | -$165K | -$30K | $0 | $0 |
| Inventory | -$34K | $2.54M | -$1.55M | -$4.43M | -$10.64M | $169K | $4.41M | $1.79M | -$88K | $0 |
| Accounts Payable | -$127K | $805K | -$1.4M | -$1.21M | $3.71M | -$4K | $3.56M | $1.74M | $1.15M | $0 |
| Other Working Capital | -$6.16M | -$31.64M | $10.96M | $11.48M | -$9.09M | $10.23M | $3.48M | $4.58M | $428K | -$194K |
| Total Working Capital Change | -$6.73M | -$28.27M | $7.82M | $5.85M | -$15.89M | $10.39M | $11.3M | $8.08M | $1.49M | -$194K |
| Other Non-Cash Items | $43.43M | $24.44M | $20.56M | $37.67M | $16.59M | $22.99M | $13.47M | -$1.1M | $2.87M | $1.6M |
| Net Cash from Operating | -$588K | $1.77M | $18.45M | $19.07M | -$5.03M | $8.09M | -$22.68M | -$12.02M | -$5.06M | -$492K |
| Investing Activities | ||||||||||
| Capital Expenditures | -$14.04M | -$16.17M | -$6.02M | -$6.8M | -$21.38M | -$5.19M | -$14.16M | -$9.75M | -$4.83M | -$325K |
| Acquisitions | $11.6M | $39.5M | $0 | $0 | $0 | $600K | $0 | -$88K | $2.24M | $51 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.67M | -$5.6M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$358K | -$1.33M | -$319K | $25K | -$732K | -$1.27M | -$3.87M | -$219K | -$2.65M | -$6.1M |
| Net Cash from Investing | -$2.8M | $22M | -$6.34M | -$6.77M | -$22.11M | -$5.87M | -$18.03M | -$9.84M | -$9.91M | -$5.92M |
| Financing Activities | ||||||||||
| Debt Repaid | $28.02M | -$6.68M | $12.95M | $13.35M | -$4.15M | $4.7M | $9.76M | -$1.05M | -$4.74M | - |
| Common Stock Issuance | $210K | $0 | $2.99M | $4.79M | $18.28M | $4.35M | $50.84M | $22.05M | $12.46M | $7.49M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | -$1.18M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$600K | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $297K | $10.38M | $4.35M | $51.04M | -$1.15M | $11.93M | $7.74M |
| Net Cash from Financing | -$27.81M | $6.68M | -$9.96M | -$13.05M | $32.81M | -$1.53M | $41.28M | $21.34M | $16.67M | $7.74M |
| Forex Effect | $0 | -$862K | $0 | $88K | -$42K | $184K | -$75K | -$495K | $5K | $0 |
| Net Change in Cash | -$31.2M | $29.59M | $2.16M | -$665K | $5.63M | $876K | $496K | -$1.01M | $1.71M | $1.32M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | -$588K | $1.77M | $18.45M | $19.07M | -$5.03M | $8.09M | -$22.68M | -$12.02M | -$5.06M | -$492K |
| Capital Expenditure | -$14.4M | -$17.5M | -$6.34M | -$6.8M | -$21.38M | -$5.19M | -$14.16M | -$9.75M | -$4.83M | -$325K |
| Free Cash Flow | -$14.98M | -$15.73M | $12.12M | $12.27M | -$26.41M | $2.9M | -$36.84M | -$21.77M | -$9.89M | -$817K |
| Cash at Beginning | $40.11M | $10.52M | $8.36M | $9.02M | $3.39M | $2.52M | $2.03M | $3.03M | $1.32M | $0 |
| Cash at End | $8.91M | $40.11M | $10.52M | $8.36M | $9.02M | $3.39M | $2.52M | $2.03M | $3.03M | $1.32M |