Marijuana Retail Report

FLUENT Corporation announced Thursday that David E. Vautrin will step down as interim CEO effective June 12, 2026, as the company continues to advance its previously announced acquisition of Vireo Growth Inc.

The vertically integrated multi-state hemp company announced that Matt Mundy, FLUENT’s chief legal officer, has been named interim chief executive effective June 12. According to the company, Mandy played a key role in advancing the proposed transaction with Vireo and will provide leadership succession during the next phase of the process.

William Smith, executive chairman of FLUENT’s board of directors, thanked Vautrin for his work during what he described as a pivotal period for the company.

“Over the past year, FLUENT has successfully implemented many important strategic initiatives, strengthened operational execution and entered into an agreement to acquire Vireo Growth Inc. subject to the terms and conditions contained therein,” Smith said in a statement. “We are grateful for his service and contributions during this time with the company.”

Vautrin also reflected on his tenure as interim executive director.

“I appreciate the opportunity presented by the Board to serve as interim CEO during such an important time for FLUENT,” said Vautrin. “I’m proud of what our team has accomplished together, and I’d like to thank our employees for their dedication and commitment throughout this journey.”

The company said the leadership change comes as it works to finalize a previously announced deal with Vireo. FLUENT noted that the deal is still subject to the terms and conditions set forth in the agreement.

FLUENT describes itself as a national cannabis consumer products and retail company focused on excellence in cultivation, manufacturing, distribution and retail. The company produces cannabis products under several brands, including MOODS, Knack, Wandr, Bag-O and Hyer Kind.

The company operates in Florida, New York and Texas. Headquartered in Tampa, FLUENT employs approximately 580 people at eight growing and manufacturing facilities and 34 active retail locations.

FLUENT common stock trades on the Canadian Securities Exchange under the symbol FNT.U and on the OTCQB under the symbol CNTMF.