Cansortium Inc. (OTCMKTS:CNTMF) Sees Large Drop in Short Interest
by Renee Jackson · The Cerbat GemCansortium Inc. (OTCMKTS:CNTMF – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 2,951 shares, a drop of 92.6% from the August 15th total of 39,903 shares. Based on an average daily volume of 363,101 shares, the days-to-cover ratio is currently 0.0 days.
Cansortium Price Performance
Shares of CNTMF opened at $0.02 on Friday. The business’s 50 day moving average is $0.02 and its 200 day moving average is $0.03. Cansortium has a 12-month low of $0.00 and a 12-month high of $0.08.
About Cansortium
Cansortium, Inc (OTCMKTS:CNTMF) is a vertically integrated cannabis company engaged in the cultivation, manufacturing, distribution and retail of medical cannabis products in the United States. The company’s operations span from seed to sale, with dedicated cultivation facilities, extraction labs and a network of dispensaries serving registered patients.
Cansortium holds licenses and operates in multiple jurisdictions, including Florida, Pennsylvania, Louisiana, Texas and Puerto Rico. Its product portfolio encompasses cannabis flower, pre-rolls, concentrates, vape cartridges, oils, edibles and topicals, offered under brands such as The+Source, Chroma and Campfire, alongside its private-label formulations.
Founded in 2017 and headquartered in Miami, Cansortium began dispensary operations in Florida in 2018 and has since expanded its footprint into new markets.