On November 9, 2026, FLUENT Corp. completed an equitization of approximately US$5.7 million of outstanding indebtedness under its senior secured credit agreement pursuant to a credit conversion agreement entered into with certain of its senior lenders on November 1, 2026. In connection with the equitization, FLUENT issued an aggregate of 310,194,363 common shares of FLUENT to such lenders, which shares were subsequently exchanged for subordinate voting shares of Vireo Growth Inc. under the plan of arrangement between FLUENT and Vireo Growth completed on November 9, 2026. The subordinate voting shares of Vireo Growth issued to FLUENT’s lenders are subject to lock-up agreements with Vireo Growth, pursuant to which such shares may not be sold or transferred for a period of six months following closing of the arrangement.
Cassels acted for FLUENT.
