FLUENT raises $210,000 from interim CEO in private placement

FLUENT Corp. (CSE: FNT.U) (OTCQB: CNTMF) announced it will complete a private placement offering of 3.5 million common shares at $0.06 per share for gross proceeds of $210,000. The cannabis company's interim Chief Executive Officer David Vautrin is the sole participant in the offering.

The transaction connects to Vautrin's employment agreement with the Tampa-based company. Vautrin stated the purchase reflects his confidence in the team and strategic direction following his recent appointment to the interim CEO role.

The company plans to use proceeds for working capital and general corporate purposes. The offering is expected to close on September 5, 2025.

The transaction qualifies as a related party transaction under Multilateral Instrument 61-101 since an insider is the sole subscriber. FLUENT is relying on exemptions from valuation and minority shareholder approval requirements because the insider participation does not exceed 25% of the company's market capitalization.

The shares will be subject to a one-year holding period under Rule 144 of the Securities Act before any resale.

FLUENT operates cannabis cultivation, manufacturing and retail facilities across Florida, New York, Pennsylvania and Texas. The company employs more than 700 people across eight cultivation and manufacturing facilities and 42 retail locations.

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