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Cansortium Announces Shares for Debt Settlement

Newswire.ca - Fri Jan 6, 2023

MIAMI, Jan. 6, 2023 /CNW/ - Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated cannabis company operating under the Fluent brand, announces that further to its press release dated November 2, 2022, the Company has issued an aggregate of 1,354,167 common shares ("Debt Shares") to certain of its directors in exchange for the cancellation of US$162,500 of director fees owing. 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 December 30, 2022, being US$0.12, in accordance with the policies of the CSE.

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