FLUENT Corp. Announces Sale of Pennsylvania Operations Strengthening Balance Sheet and Sharpening Focus on Core Growth Markets

Core Viewpoint - FLUENT Corp. has completed the sale of its Pennsylvania operations to HIVE Holdings, Inc. for US$12.5 million in cash, which is expected to enhance its balance sheet and allow for a focus on core growth markets [1][2][3] Group 1: Transaction Details - The sale was finalized on December 31, 2025, for a total of US$12.5 million in cash [1] - Proceeds from the transaction will be used to reduce FLUENT's outstanding debt, significantly improving its balance sheet [2] - The transaction was conducted at arm's length, with no finders' fees payable [2] Group 2: Strategic Implications - The divestiture is seen as a strategic move to strengthen the company's balance sheet and reduce leverage, allowing for a sharper focus on markets with the greatest near and mid-term opportunities [3][4] - The timing of the sale coincides with a pivotal moment in the U.S. cannabis industry, as federal actions to reschedule cannabis may lead to a more rational regulatory framework [3] - FLUENT aims to simplify its business model and concentrate on scale and efficiency in strategic markets [4] Group 3: Company Overview - FLUENT is a national cannabis consumer packaged goods company and retailer, operating in Florida, New York, and Texas [5] - The company produces a variety of cannabis products under several brands and operates 8 cultivation and manufacturing facilities along with 34 retail locations [5] - FLUENT's common shares are traded on the Canadian Securities Exchange and the OTCQB Venture Market [6]