04:45 PM EDT, 09/06/2024 (MT Newswires) -- Cansortium (TIUM-U.CN) on Friday issued 865,382 to certain of its directors in exchange for the cancellation of US$112,500 of director fees owing for the second quarter.

The debt shares are being issued at a price equal to the closing market price of the common shares on the Canadian Securities Exchange on June 30 US$0.13. In addition, each of the directors of the company have agreed to be paid in shares for the fourth quarter.

Cansortium, a cannabis company, has licenses and operations in Florida, Pennsylvania and Texas.