4Front Ventures Announces Issuance of Securities to Consultants, Directors, and Officers
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Class A Shares
The Company has agreed to issue 1,000,000 class A subordinate voting shares in the capital of the Company ("SVS") to settle obligations of the Company pursuant to a Severance and Consulting Agreement effective January 8, 2024 between the Company and Leonid Gontmakher, the former Chief Executive Officer of the Company. The SVS will be issued at a price of
Restricted Share Units
The Company also announced that it has agreed to issue a total of 14,718,644 restricted share units ("RSUs") at a deemed issue price of
Warrants
Further, the Company has agreed to issue 5,483,600 purchase warrants convertible into SVS (each a "Warrant") to settle debt owed to a service provider. Each Warrant will be exercisable at
4Front is a national, vertically integrated multi-state cannabis operator with operations in
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SOURCE 4Front Ventures Corp.
FAQ
How many class A subordinate voting shares will be issued by 4Front Ventures Corp.?
What are the restricted share units (RSUs) being issued by 4Front Ventures Corp.?
How many purchase warrants convertible into SVS will be issued by 4Front Ventures Corp.?
What is the price at which the class A shares will be issued?
What do the restricted share units (RSUs) represent?