4FRONT VENTURES CORP - FFNTF STOCK NEWS

4Front Ventures (CSE: FFNT, OTCQX: FFNTF), a vertically integrated multi-state cannabis operator, will report its third quarter 2024 financial results on November 14, 2024, after market close.

The company will host a conference call to discuss the results and provide an update on current business trends on the same day at 5:00 p.m. Eastern Time. Investors can join the call via a toll-free dial-in number or a webcast. The call will be available for replay by phone until November 28, 2024, and the webcast will be archived for 90 days on 4Front's Investor Relations website.

For more information or assistance, contact IR@4FrontVentures.com.

4Front Ventures Corp. (OTCQB: FFNTF) announced the official ribbon-cutting ceremony for its new 250,000 sq. ft. cultivation and production facility in Matteson, Illinois, scheduled for November 6, 2024. The facility features 47,000 sq. ft. of flowering canopy and 70,000 sq. ft. of manufacturing space, supporting the production of more than 10 in-house brands. The facility will serve Mission Dispensaries and wholesale partners throughout Illinois, producing flower, pre-rolls, concentrates, and cannabis-infused products. The operation has already created dozens of local jobs, with more expected as operations scale. The facility also offers white-label production services for other multi-state operators.

4Front Ventures announced the departure of CFO Peter Kampian as part of the company's efforts to streamline capital structure and consolidate financial operations to Illinois. The contract conclusion was amicable, with no disagreements regarding operations or policies. Michael Kronberg, CPA, currently serving as Controller at the Matteson Illinois facility, will assume the role of Interim CFO. Kampian will remain available as a consultant if needed. The transition aligns with the company's strategy to centralize operations and support long-term objectives.

4Front Ventures Corp. (CSE: FFNT) (OTCQB: FFNTF) has retained Canaccord Genuity Corp. to optimize its capital structure, focusing on refinancing existing debt and raising growth capital. The company also announced an amendment to its senior secured credit facility with ALT Debt II, LP, an affiliate of Altmore Capital. Key points include:

1. Lender advanced approximately $850,000 to the company
2. Additional $1.75 million available at lender's discretion
3. Interest rate: greater of WSJ Prime Rate plus 10% or 18.5%
4. Issuance of 49,957,714 Restricted Share Units (RSUs) to the lender

The company aims to align capital and operational partners with its long-term financial success, particularly as it scales its Matteson facility and expands Mission retail footprint in Illinois.

4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) reported Q2 2024 results with revenue of $18.7 million and Adjusted EBITDA of $2.6 million. Key highlights include:

- Wholesale revenue growth in Massachusetts (31%) and Illinois (10%) quarter-over-quarter
- Norridge, Illinois retail store now open
- Matteson, Illinois facility fully operational with 12,000 sq ft flowering canopy
- Introduced Crystal Clear Blast vape product in Massachusetts and Illinois
- Launched new brand 'Smoke Breaks' in Illinois and Massachusetts
- Worcester, Massachusetts cultivation facility back online with improved genetics

CEO Andrew Thut emphasized the company's focus on innovation, quality, and capitalizing on regulatory changes to drive shareholder value.

4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) has launched Smoke Breaks, a new line of mini pre-rolls in Illinois and Massachusetts. These 0.35g pre-rolls come in sleek, pocket-sized tins containing five units each, offering a convenient cannabis experience for various occasions. The product line includes five strains in each state: two Daytime, two Anytime, and one Nighttime.

CEO Andrew Thut highlighted that multi-packs of 0.35g pre-rolls represent nearly 10% of pre-roll sales in Massachusetts and Illinois, indicating a high-growth product segment. Smoke Breaks are now available across Mission stores in both states, demonstrating 4Front's commitment to innovation and meeting consumer demands in the cannabis industry.

4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF), a vertically integrated multi-state cannabis operator and retailer, has announced it will report its financial and operating results for the second quarter ended June 30, 2024, on Wednesday, August 14, 2024, after market close. The company will host a conference call to discuss the results and provide an update on current business trends on the same day at 5:00 p.m. Eastern Time.

Interested parties can join the conference call via webcast or dial-in. The call will be available for replay by phone until August 28, 2024, and the webcast will be archived for approximately 90 days on 4Front's Investor Relations website. For assistance, investors can contact IR@4FrontVentures.com.

4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) announced the withdrawal of its brokered offering, initially publicized on June 26, after reviewing market conditions and federal regulatory issues. Additionally, Kris Krane, who has extensive experience in the cannabis sector, has been appointed as the new Chair of the Board, succeeding Robert Hunt. Krane has been instrumental in the company's growth and has held significant positions, including the Associate Director of NORML and Chair Emeritus of the National Cannabis Industry Association Board. Hunt's departure is not due to any disagreements with the Company's policies or operations.

4Front Ventures, a vertically integrated, multi-state cannabis operator and retailer, has announced a brokered offering to sell up to 47,620,000 units at C$0.105 per unit, for gross proceeds up to C$5,000,100. Each unit includes one class A subordinate voting share and one warrant to purchase an additional share at C$0.13 within 60 months of closing. The offering, managed by Eight Capital, includes an option for agents to sell an additional 15% of the units. The units will be listed on the CSE, and the proceeds will fund equipment, inventory, cultivation inputs, retail licenses, and new retail locations. The offering closes on or around July 10, 2024, pending regulatory approvals.