Phase 2 will enable the company to more than double its existing production capability. ​ (Cansortium Inc)

TAMPA, FL — Cansortium Inc., a Miami-based global provider of medical cannabis operating under the Fluent™ brand, anticipates harvesting its first crop of medical marijuana this month at the Phase 2 expansion of its indoor medical marijuana cultivation facility in Tampa.

This harvest is part of the Phase 2 expansion at the Tampa cultivation facility approved by the Florida Department of Health Aug. 6. Phase 2 will enable the company to more than double its existing production capability.

"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," said Cansortium Chief Executive Officer Jose Hidalgo.

"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," Hildalgo said.

Previously an indoor vertical lettuce farm, the Tampa cultivation facility uses 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.

With this month's first crop, the company anticipates harvests to mature approximately every week.



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

The medical marijuana products are sold at Cansortium's 18 dispensaries. The company opened its 15th Florida dispensary in September and plans to open six more by the end of the year.

"As one of the first five licensed operators in Florida - the state with the fastest-growing medical marijuana patient population in the U.S. – we continue to capitalize on our first-mover position, executing our growth plan by steadily expanding our dispensary network to enhance access to our premium-quality Fluent cannabis products for medical marijuana patients across the state," said Hildalgo.

Locally, there are Cansortium dispensaries at:

606 S. Dale Mabry Highway, Tampa

5138 Deer Park Drive, New Port Richey

921 S. Missouri Ave., Clearwater

601 34 St. N., St. Petersburg







