Core Insights - FLUENT Corp. has rebranded its Kingston, New York dispensary, marking its first adult-use storefront in the state following the acquisition of RIV Capital [1][2] - The rebranding signifies FLUENT's strategic entry into New York's adult-use cannabis market, aiming for brand consistency and customer loyalty [3][4] Company Strategy - The rebranding of the Kingston location is part of a broader strategy to unify the FLUENT experience across its geographic footprint, with plans to rebrand three additional dispensaries in New York [3][4] - FLUENT's mission focuses on delivering a premium cannabis experience based on trust, quality, and education, ensuring customers know what to expect from the FLUENT brand [5] Product Offering - The Kingston dispensary now features FLUENT's premium in-house product lineup, including brands like MOODS, Knack, Wandr, Bag-O, and Hyer Kind [4][6] - The company operates across multiple states, including Florida, New York, Pennsylvania, and Texas, with a total of 42 active retail locations [6] Operational Excellence - FLUENT is committed to operational excellence in cultivation, production, distribution, and retail experience, employing 700 staff across 8 cultivation and manufacturing facilities [6]

Core Insights - FLUENT Corp. reported a Q1 2025 revenue of $26.7 million, reflecting a 5.9% year-over-year growth despite challenges in the Florida market [1][2] - The company ended the quarter with $30.7 million in cash and cash equivalents, a significant increase from $8.5 million a year ago [1][2] - Adjusted EBITDA for Q1 2025 was $3.5 million, down from $6.8 million in the previous year, primarily due to market conditions in Florida and the integration of RIV Capital assets in New York [2][4] Financial Performance - Revenue for Q1 2025 was $26.7 million compared to $25.2 million in Q1 2024 [4] - Florida revenue specifically was $19.2 million, down from $21.1 million in the prior year [4] - Gross profit before fair value adjustments was $12.5 million, representing 46.8% of revenue, compared to $12.3 million or 48.6% of revenue in the previous year [4] - The company reported a net loss of $8.75 million for Q1 2025, compared to a loss of $4.16 million in Q1 2024 [16][20] Operational Highlights - FLUENT operates 42 retail locations and 8 production facilities across Florida, New York, Pennsylvania, and Texas [4] - In New York, the integration of RIV Capital assets is progressing well, with the Buffalo cultivation facility nearing completion [2][11] - The company launched new products in Florida and completed construction of the Roza facility, enhancing production capacity [2][5] Market Position and Strategy - The company is focused on strengthening its core markets and managing costs amid macro and regulatory uncertainties [2] - FLUENT is actively monitoring legislative developments in Pennsylvania and Texas, which could serve as future growth catalysts [6] - The company has initiated a rebranding of its New York retail locations to FLUENT following the acquisition of RIV Capital assets [11]