TAMPA, Fla., Sept. 6, 2024/CNW/ - Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated cannabis company operating under the Fluent™ brand, announces that the Company has issued an aggregate of 865,382 common shares of the Company ("Debt Shares") to certain of its directors in exchange for the cancellation of US$112,500 of director fees owing for the period of April 1, 2024 to June 30, 2024, which was previously approved by the board of directors of the Company. 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 June 30, 2024, being US$0.13, in accordance with the policies of the CSE. In addition, each of the directors of the Company have agreed to be paid the fees owing to them for the period of October 1, 2024 to December 31, 2024 in common shares of the Company at a price per share equal to the closing market price of the common shares as listed on the CSE on December 31, 2024, in accordance with the policies of the CSE.
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