4FRONT VENTURES CORP - FFNTF STOCK NEWS

Welcome to our dedicated page for 4FRONT VENTURES news (Ticker: FFNTF), a resource for investors and traders seeking the latest updates and insights on 4FRONT VENTURES stock.

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.

01/08/2024 08:30 AM

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4Front Ventures Corp. Transforms Balance Sheet Through Conditional Senior Secured Debt Conversion into Equity and Announces Leadership Change

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4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) announced a conditional amendment to the loan and security agreement with its senior secured lender, LI Lending, LLC. The Lender will convert approximately 44% ($USD 23,000,000) of the principal amount of its debt into class A subordinate voting shares of the Company at a conversion price of $CAD 0.125 ($USD 0.094) per SVS. The Amendment also includes 15% warrant coverage with an exercise price of $CAD 0.144 (USD$ 0.108). The company also appointed Andrew Thut as the new CEO, succeeding Leo Gontmakher, who will remain on the Board as a director and consultant.

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12/11/2023 08:00 AM

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4Front Ventures Corp. Debuts Cannabis Flower Brand The Hunt, Expanding Massachusetts Product Portfolio

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4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) announced the launch of cannabis flower brand, The Hunt, expanding the Company's brand portfolio in Massachusetts and adding to its growing offering of high quality, affordable flower. The Hunt's product lineup features exclusive offerings of rare, limited, and small-batch phenotypes, now available at Mission Dispensaries in Massachusetts and coming soon to Illinois. The company aims to deliver a premium consumer experience with unique and proprietary strains, utilizing rare, heritage genetics, and creative crossbreeding.

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11/29/2023 08:00 AM

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4Front Ventures Announces Appointment of New Chief Financial Officer

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4Front Ventures Corp. (FFNT) appoints Peter Kampian as Chief Financial Officer to enhance finance and accounting functions. Kampian brings over two decades of financial expertise from leading roles in various companies, including Algonquin Power and Utilities Corp. and Mettrum Health Corp. His appointment aims to solve challenges and capitalize on opportunities in the rapidly changing cannabis industry, adding value to shareholders.

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11/20/2023 04:30 PM

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4Front Ventures Reports Third Quarter 2023 Financial Results

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4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) announced its financial results for Q3 2023, revealing systemwide pro forma revenue of $28.0 million, GAAP revenue of $23.0 million, and adjusted EBITDA of $3.5 million. The company ceased California operations, focusing on Illinois, Massachusetts, and Washington, achieving a 40% sequential and 178% year-over-year growth in Illinois wholesale revenue, and is on track for a flagship facility launch in Matteson, IL. The company also secured funding for retail network expansion and is targeting five operational stores in Illinois by fall 2024.

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11/13/2023 05:00 PM

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4Front Ventures Announces Revised Third Quarter 2023 Results and Conference Call Date of November 20, 2023 at 5:00 PM ET

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4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) has rescheduled the release of its third quarter 2023 results and conference call due to delays related to the Company's audit. The conference call to discuss the results and provide an update on current business trends will now take place on November 20, 2023, at 5:00 p.m. Eastern Time.

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11/01/2023 06:49 PM

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4Front Ventures Announces Issuance of Securities

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4Front Ventures Corp. announced that it will issue 10,359,372 class A subordinate voting shares to settle payment obligations of its subsidiary, 4Front Holdings LLC, amounting to US$1,992,186.88. The shares will be issued at a price of C$0.26 per share.

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11/01/2023 08:00 AM

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4Front Ventures to Report Third Quarter 2023 Financial Results on November 14, 2023

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4Front Ventures Corp. will report its financial and operating results for Q3 2023 on November 14, 2023, after market close. The company will host a conference call to discuss the results and provide an update on current business trends.

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10/23/2023 05:00 PM

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4Front Ventures Corp. Announces Issuance of Restricted Stock Units Following Recent Credit Facility Announcement

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4Front Ventures Corp. announces plans to issue 15.9 million Restricted Share Units (RSUs) to ALT Debt II, LP, in connection with its $10 million senior secured credit facility agreement. The RSUs will settle into Class A subordinate voting shares upon certain conditions. The issue price of the RSUs is CAD$0.31 per RSU. The company also restructures its convertible promissory note with Navy Capital Green Fund, LP, Navy Capital Green Co-Invest Fund, LLC, and HI 4Front, LLC.

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10/16/2023 05:00 PM

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4Front Ventures Secures US$10 Million Credit Facility

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4Front Ventures secures $10 million credit facility for retail expansion in Illinois

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10/10/2023 08:00 AM

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4Front Ventures Announces Agreement to Issue Warrants to Lender in Connection with Amendment to Previously Entered Promissory Note Agreement

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4Front Ventures Corp. agrees to issue warrants to lender as part of promissory note agreement amendment.

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FAQ

What is the current stock price of 4FRONT VENTURES (FFNTF)?

The current stock price of 4FRONT VENTURES (FFNTF) is $0.019 as of December 23, 2024.

What is the market cap of 4FRONT VENTURES (FFNTF)?

The market cap of 4FRONT VENTURES (FFNTF) is approximately 22.7M.

What is 4Front Ventures Corp's core business?

4Front Ventures Corp is a leading investment and management firm in the U.S. cannabis industry, with a national platform that includes a multi-state retail footprint, partnership relationships, and operational efficiencies.

What recent achievements has 4Front Ventures Corp made?

4Front Ventures Corp recently expanded its vape product portfolio with the introduction of Crystal Clear Blast in Massachusetts and Illinois, along with launching a new Mission Dispensary store in Norridge and fully commissioning the Matteson facility.

What expertise does the leadership team of 4Front Ventures Corp bring?

The leadership team of 4Front Ventures Corp consists of professionals with experience in finance, real estate, manufacturing, and retail operations, providing a comprehensive set of management skills and operational expertise.

How is 4Front Ventures Corp positioned in the cannabis market?

4Front Ventures Corp is positioned at the forefront of industry trends with a focus on innovation, strategic expansion, and high-quality products, aiming for significant growth and success in the evolving cannabis industry.