Fluent Sells Pennsylvania Operations to Hive Holdings
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FLUENT is divesting its Pennsylvania operations to strengthen its balance sheet and focus on core growth markets. Interim CEO Dave Vautrin noted this decision aligns with recent federal developments in the U.S. cannabis industry. The company aims to simplify its business for long-term value creation. Moelis & Company LLC served as financial advisor, while legal counsel was provided by Weil, Gotshal & Manges LLP and Cassels Brock & Blackwell LLP for FLUENT, and Eversheds Sutherland LLP advised HIVE Holdings, Inc. on the transaction.
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