Cansortium (TSE:TIUM.U) has released an update.
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Cansortium Inc., a Florida-based cannabis company, has issued shares to its directors in lieu of cash payment for director fees, aiming to reduce its accrued liabilities. The shares were valued at the market price at the time of the agreement and the transaction is considered a ‘related party transaction’. This strategic move is part of the company’s commitment to operational excellence and financial prudence.
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