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Cansortium Inc. Appoints CEO Robert Beasley to Board of Directors

MIAMI, Jan. 21, 2021 /PRNewswire/ – Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) (“Cansortium” or the “Company“), a vertically integrated cannabis company with operations in Florida, Texas, Michigan and Pennsylvania, today announced that Chief Executive Officer Robert Beasley has been appointed to the Company’s Board of Directors.   Mr. Beasley, who was named Chief Executive Officer of the Company in September 2020, joins Executive Chairman Neal Hochberg and Directors David Abrams, John McKimm and Roger Daher. […]

The post Cansortium Inc. Appoints CEO Robert Beasley to Board of Directors appeared first on CannabisFN.

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Ryan Allway

January 25th, 2021

News, Top News


MIAMIJan. 21, 2021 /PRNewswire/ – Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) (“Cansortium” or the “Company“), a vertically integrated cannabis company with operations in FloridaTexasMichigan and Pennsylvania, today announced that Chief Executive Officer Robert Beasley has been appointed to the Company’s Board of Directors.   Mr. Beasley, who was named Chief Executive Officer of the Company in September 2020, joins Executive Chairman Neal Hochberg and Directors David AbramsJohn McKimm and Roger Daher.

In connection with the addition of Mr. Beasley to the Board, the Company announces the termination of the Special Committee and its disbandment.  The Special Committee, comprised of Messrs. Hochberg, Abrams and McKimm, was initially formed in October 2019 to work closely with senior management to ensure the Company’s ability to capitalize on its available market opportunities and to improve the balance sheet.  Along the way, the Special Committee oversaw the implementation of cost saving initiatives resulting in more than $4.5 million of aggregate annualized savings, the restructuring of approximately $35.0 million of Company liabilities, and helped secure a $4.6 million equity private placement.  In addition, during the Special Committee’s term, the Company disposed of non-core assets in Canada and Puerto Rico and expanded its operations in Florida with a new cultivation facility and 8 new Florida dispensaries.

“Bringing Robert aboard, first as Chief Executive Officer and now member of the Board, serves as a natural conclusion to the duties of the Special Committee,” said Mr. Hochberg.  “I am proud of our accomplishments over the last 14 months and believe the Company is well-positioned for success with Robert leading the way.”

“I am honored to accept the role of director and to continue to work with the Board to grow revenue and profitability in our existing markets,” said Mr. Beasley.

The Company also expanded the Audit Committee to the Audit and Finance Committee and added directors Messrs. Abrams and Daher as members.

About Cansortium Inc.

Headquartered in Miami, Florida, and operating under the Fluent™ brand, Cansortium is focused on being the highest quality cannabis company in the State of Florida driven by unrelenting commitment to operational excellence from seed to sale. Cansortium has developed strong proficiencies in each of cultivation, processing, retail, and distribution activities, the result of successfully operating in the highly regulated cannabis industry. In addition to Florida, Cansortium is seeking to create significant shareholder value in the attractive markets of TexasMichigan and Pennsylvania, where the Company has secured licenses and established operations.

Cansortium Inc.’s common shares and warrants trade on the CSE under the symbol “TIUM.U” and “TIUM.WT.U”, respectively, and on the OTCQB Venture Market under the symbol (OTCQB: CNTMF). Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

Forward-Looking Information

Certain information in this news release, may constitute forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events.

Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in the public documents of the Company available at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Cansortium Inc

Related Links

www.cansortium.com

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

Ryan Allway

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.


Source: https://www.cannabisfn.com/cansortium-inc-appoints-ceo-robert-beasley-to-board-of-directors/

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New Research Finds Marijuana Use Not Associated With Hypertension

Current or past cannabis consumption does not appear to be an independent factor in hypertension, according to newly published research.

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Source: https://hightimes.com/news/research-marijuana-not-associated-hypertension/

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Study Indicates Cannabis May Alleviate Neuropathic Pain Caused By Chemotherapy

A recently published Israeli study shows that chemotherapy-induced peripheral neuropathy may be effectively treated with cannabis.

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Difference and Between CBD Isolate and Full Spectrum CBD

There are two primary forms of cannabidiol (CBD) … CBD isolate and the full spectrum CBD. Click Here To See The #1 Rated “Best Value” Full Spectrum CBD – It’s Lab Verified for Purity and Authenticity The contrast between these two types of CBD is seen in the content that forms each type. A full-spectrum […]

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There are two primary forms of cannabidiol (CBD) … CBD isolate and the full spectrum CBD.

Click Here To See The #1 Rated “Best Value” Full Spectrum CBD – It’s Lab Verified for Purity and Authenticity

The contrast between these two types of CBD is seen in the content that forms each type. A full-spectrum CBD product contains several plant extracts such as terpenes, flavonoids, essential oils, and numerous other cannabinoids. Full-spectrum products comprise all-natural chemicals existent in the hemp plant or marijuana plant and in the case of the marijuana plant, there may be small traces of THC. But most CBD products on the market are made from hemp and have little of no THC. Since the full-spectrum CBD contains all combinations of cannabinoids, consuming it may provide a number of potential therapeutic benefits.

Most important to remember is that full-spectrum CBD provides what is known as an ‘entourage effect’, in order words all of the various cannabinoids along with terpenes work together to enhance the potential benefits of the ingredients in the plant. The hypothesis is that the entourage effect has greater impact that just the isolated cannabinoid such as CBD or CBG. It Full-spectrum CBD is being studied to determine if any purported therapeutic benefits such as antianxiety, pain relief, anti-seizure, treating psychotic conditions and such are in fact real..

On the other hand, the CBD isolate is a pure form of CBD without the other potentially beneficial cannabis plant compounds. It is extracted from hemp plants and all the other cannabinoids and terpenes are removed. CBD isolate comprises 99% pure CBD lacking in flavonoids and terpenes, so there is no entourage effect (McQuillan). Some of the extraction processes for CBD isolate are lipid extraction and steam distillation. Some are clean and some methods of extraction can use toxic substances.

Click Here To See The #1 Rated “Best Value” Full Spectrum CBD – It’s Lab Verified for Purity and Authenticity

REFERENCES:

Coelho, S. (2020, September 25). What’s the difference between CBD isolate and full-spectrum CBD? Retrieved March 05, 2021, from Medicalnewstoday: https://www.medicalnewstoday.com/articles/cbd-isolate-vs-full-spectrum-cbd
McQuillan, B. (2020, FEB 25). CBD isolate vs. full spectrum CBD oil: What’s the difference? Retrieved March 05, 2021, from https://stories.populum.com/articles/full-spectrum-cbd-vs-cbd-isolates

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Source: https://cbdrevu.com/difference-and-between-cbd-isolate-and-full-spectrum-cbd/

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