MIAMI, Dec. 22, 2022 /CNW/ - Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated cannabis company operating under the Fluent™ brand, announces that, pursuant to a third amendment dated December 21, 2022 (the "Third Amendment") to an existing agreement (as amended, the "Smith Transaction Agreement") among the Company and certain of its affiliates and William Smith, a director and the Executive Chairman of the Company, and certain companies controlled by Mr. Smith (together with Mr. Smith, collectively, the "SmithGroup"), it has restructured a short-term contingent liability by issuing 11,634,615 common shares of the Company (the "TransactionShares") to the Smith Group at a deemed price of US$0.12 per Common Share (the "Transaction").
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