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4Front Ventures Corp (FFNTF) is a leading investment and management firm in the U.S. cannabis industry, with a national platform that includes a multi-state retail footprint, extensive partnership relationships, and operational efficiencies. Led by a team of professionals with expertise in finance, real estate, manufacturing, and retail operations, 4Front offers a comprehensive set of management skills and operational expertise. The company has heavily invested in talent and capabilities to support its growth trajectory in the cannabis market.
4Front has successfully launched its Crystal Clear Blast vape product in Massachusetts and Illinois, expanding its product portfolio and operations in Illinois with the opening of a new Mission Dispensary store in Norridge and full commissioning of the Matteson facility. The company's ongoing focus on innovation and strategic expansion positions it at the forefront of industry trends, aiming for significant growth in the coming years.
As the company continues to achieve key milestones and drive value for shareholders, 4Front remains dedicated to providing high-quality products, expanding its retail presence, and seizing opportunities for market growth. With a strong leadership team and a commitment to operational excellence, 4Front is poised for sustained growth and success in the evolving cannabis industry.
4Front Ventures announces the opening of a new Mission Dispensary in Norridge, Illinois, on May 25th. This location enhances their retail footprint in Illinois, serving Norridge, Harwood Heights, Schiller Park, and nearby areas. The dispensary, located at 4113 N Harlem Ave, is strategically positioned near major routes and Interstates, offering ample parking.
Operating hours are 9 a.m. to 9 p.m. Monday through Saturday, and 10 a.m. to 7 p.m. on Sundays. The store will feature a range of premium cannabis products, including in-house brands like The Hunt, Mission Cannabis, and Crystal Clear, and other leading brands such as Lost Farm and Cresco. The opening weekend includes exclusive product drops and promotions, with customers encouraged to join the Mission High Rollers Club for additional benefits.
Andrew Thut, CEO of 4Front Ventures, highlights the dispensary's role in their Illinois expansion strategy, aiming to provide high-quality products and an exceptional retail experience.
4Front Ventures (OTCQX: FFNTF), a multi-state cannabis operator, reported a Q1 2024 revenue of $18.8 million, down from $26.3 million YoY. Adjusted EBITDA remained steady at $2.5 million. The company converted $23 million in debt to equity, reducing interest expenses by $3 million annually. Upcoming launches include 'The Hunt' in Illinois and 'Mission Flower' in Massachusetts and Illinois. CEO Andrew Thut highlighted operational improvements and strategic growth plans, including the nearing operational status of the Matteson facility and retail expansion in Norridge. Thut also noted the potential positive impact of federal cannabis policy changes.
4Front Ventures (CSE: FFNT, OTCQX: FFNTF), a vertically integrated multi-state cannabis operator and retailer, will report its Q1 2024 financial results on May 17, 2024, before the market opens.
The company will host a conference call at 8:30 a.m. ET to discuss the results and provide an update on current business trends. The conference call details include a North America toll-free dial-in number (1-888-664-6392) and a replay option available until May 31, 2024. The webcast will be archived for 90 days post-call on the company's Investor Relations website.
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