FLUENT completes acquisition of RIV Capital, expanding its operations in New York
Acquiring Company
Fluent
Acquired Company
RIV Capital
Tampa
TorontoOtherAdvertisingHealth CareMedical DeviceFarmingMarketingDigital MarketingCannabisFinanceDescription
Cansortium Inc., operating under the FLUENT brand, has completed the acquisition of RIV Capital Inc., further expanding its presence in the cannabis market. This acquisition allows FLUENT to expand its retail door count, add its first wholesale division, and strengthen its balance sheet with approximately US$33 million in cash. The combined company will continue to operate under the FLUENT name, with Robert Beasley named as CEO.
Quick answer
Fluent is acquiring RIV Capital, announced December 19, 2024. Fluent is based in Tampa, Florida, United States.
- How much did Fluent pay for RIV Capital?
- The deal value was not disclosed.
- What does Fluent do?
- Fluent is a vertically integrated cultivator, processor, formulator, and retailer of premium medical cannabis.
- Where are Fluent and RIV Capital based?
- Fluent is based in Tampa, Florida, United States. RIV Capital is based in Toronto, Ontario, Canada.
- Who are the decision-makers at Fluent?
- Fundz holds 1 contact at Fluent. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired RIV Capital?
RIV Capital was acquired by Fluent, based in Tampa. The deal was reported on December 19, 2024. Fluent is a vertically integrated cultivator, processor, formulator, and retailer of premium medical cannabis. Fluent is publicly traded (CNTMF) and operates in Other.
When did Fluent acquire RIV Capital?
Fluent's acquisition of RIV Capital was reported on December 19, 2024. Cansortium Inc., operating under the FLUENT brand, has completed the acquisition of RIV Capital Inc., further expanding its presence in the cannabis market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does RIV Capital do?
RIV Capital is an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of cannabis brands in key strategic U.S. markets. It is privately held, operating in Finance, and is based in Toronto.
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