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Cansortium Raises $12M To Boost Operations In Florida, Michigan And Pennsylvania

02:43 AM

Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF) has secured some $12 million in financing through a sale of roughly 17.14 million of its units at 70 cents per unit. The Miami company expects to close the private placement over the next few days. The financing will boost its operations in Florida, which includes two cultivation facilities and 24 retail dispensaries, with additional three stores poised to open soon.