Mr. Matt Mundy reports

FLUENT CORP. ANNOUNCES PROPOSED DEBT SETTLEMENT

Fluent Corp. has entered into a credit conversion agreement with certain creditors to its existing senior secured credit agreement, dated Nov. 26, 2024, as amended on March 17, 2026, and April 17, 2026, by and among Fluent, its Canadian and U.S. subsidiaries, the lenders party thereto, and Chicago Atlantic Financial Services LLC, as successor administrative agent. Pursuant to the terms of the conversion agreement, an aggregate of approximately $5.7-million (U.S.) of outstanding indebtedness owing under the credit agreement will be settled through the issuance of 310,194,363 common shares in the capital of the company to the lenders, at a deemed price of 1.82 U.S. cents per common share, representing 11.8 per cent of the issued and outstanding common shares on a non-diluted basis immediately following the debt settlement. The issue price per common share is based upon the volume-weighted average trading price of the common shares on the Canadian Securities Exchange for the 20 consecutive trading days beginning on, and including, Oct. 2, 2026.

The debt settlement is subject to the approval of the CSE. The company intends to close the debt settlement immediately prior to the completion of the company's previously announced plan of arrangement with Vireo Growth Inc. All common shares to be issued pursuant to the debt settlement will be subject to a statutory hold period in accordance with applicable securities laws.

About Fluent Corp.

Fluent, a national cannabis consumer packaged goods company and retailer, is dedicated to being one of the highest-quality cannabis companies for the communities it serves. This is driven by Fluent's unrelenting commitment to operational excellence in cultivation, production, distribution and retail experience. Fluent produces an assortment of cannabis products under a diverse portfolio of brands, including MOODS, Knack, Wandr, Bag-O and Hyer Kind. Fluent operates in Florida, New York, and Texas.

Headquartered in Tampa, Fla., Fluent employs approximately 550 employees across six cultivation and manufacturing facilities and 34 active retail locations.

The common shares trade on the CSE under the symbol FNT.U and on the OTCQB Venture Market under the symbol CNTMF.

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