On March 18, 2026, FLUENT Corp., a vertically-integrated, multi-state cannabis company, announced that it has entered into an amendment to its existing senior secured credit agreement, originally dated as of November 26, 2024, by and among FLUENT, the lenders party thereto and Chicago Atlantic.
Among other things, the amendment permitted FLUENT to draw an additional $6 million, which bear a paid-in-kind interest rate of 13.00% per annum and is due to mature on December 31, 2026. FLUENT intends to use the net proceeds from the term loans for working capital and general corporate purposes.
Cassels acted for FLUENT with a deal team that included Daniel Cipollone, Carla Potter, Lauren White and Anna Glover (Baking & Financial Services and Cannabis), and Jonathan Sherman (Capital Markets and Cannabis).