4FRONT VENTURES CORP - FFNTF STOCK NEWS

4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) reported a 6% year-over-year increase in systemwide pro forma revenue, totaling $139.4 million for FY 2022 and $35.6 million for Q4 2022. The company achieved GAAP revenue growth of 13% to $118.5 million for FY 2022. However, Adjusted EBITDA decreased to $27.7 million from $33.9 million in FY 2021. As of December 31, 2022, cash reserves reached $15.2 million, and the company announced positive operational cash flow as of March 2023. 4Front has acquired a third retail license in Illinois, bolstering its strategy in the state.

4Front Ventures Corp. (CSE: FFNT, OTCQX: FFNTF) will announce its financial results for Q4 and the full year ending December 31, 2022, on March 30, 2023. The announcement will be followed by a conference call at 5:00 PM ET to discuss the results and current business trends. 4Front is a multi-state cannabis operator with a strong presence in states including California and Illinois, focusing on high standards and low-cost production. The company has successfully introduced over 20 cannabis brands and 1,800 products through its Mission dispensaries.

4Front Ventures Corp. (CSE: FFNT, OTCQX: FFNTF) announced the appointment of cannabis industry expert Kris Krane to its Board of Directors, filling a vacancy left by Kathi Lentzsch's resignation. Krane, a strategic advisor and former President of Mission Dispensaries, brings over two decades of industry experience. CEO Leo Gontmakher expressed enthusiasm for Krane's return, highlighting his pivotal role in the cannabis sector. 4Front Ventures, operating in states like California and Michigan, has established itself as a significant player in the cannabis market, offering more than 1800 products through its retail channels. The company seeks to leverage Krane's expertise to enhance its growth and strategic direction.

4Front Ventures Corp. has launched a new line of tobacco-free flavored blunts named 1988, featuring the company's top-tier cannabis flower. The product is currently available at Mission Dispensaries across Massachusetts, including locations in Georgetown, Worcester, and Brookline. This rollout will expand to partner dispensaries in Illinois later this year. The 1988 blunts come in various strains and flavors and are designed for a rich smoking experience without the hassle of rolling. The company plans to introduce infused versions in the near future, aiming to enhance consumer offerings.

4Front Ventures Corp (CSE: FFNT, OTCQX: FFNTF) has expanded its Island Cannabis Co. portfolio in Massachusetts with new product lines, including limited edition flower varieties and prerolls. The products will be available at Mission Dispensaries in Georgetown, Worcester, and Brookline, with wider distribution planned across Massachusetts. CEO Leo Gontmakher highlighted the brand's strong market reception and commitment to quality at competitive prices. The new offerings include premium strains in various packaging sizes and price points ranging from $13 for prerolls to $207 for larger flower jars.

4Front Ventures reported Q3 2022 financial results, showing $37.3 million in systemwide pro forma revenue, a 9% increase from Q2 2022 and 13% year-over-year. GAAP revenue rose 25% to $32.5 million, with adjusted EBITDA at $9.3 million, up 24% year-over-year. The significant growth was attributed to strong sales in Massachusetts, including a 65% increase in flower volume. The company anticipates achieving positive operational cash flow by December 2022. A conference call to discuss these results is scheduled for November 14, 2022.

4Front Ventures Corp. (CSE: FFNT, OTCQX: FFNTF) announced the acquisition of Bloom Farms, enhancing its portfolio in California's cannabis market. Bloom Farms, established in 2014, has generated over $100 million in consumer sales and contributed over 3 million meals to families in need. The company also launched Island Mini Infused Prerolls, offering six premium strains aimed at meeting rising consumer demand for higher potency products. This strategic expansion aims to reinforce 4Front's commitment to quality and community impact while leveraging partnerships for broader product availability.

4Front Ventures Corp. (CSE: FFNT, OTCQX: FFNTF) is set to announce its third quarter financial results for the period ending September 30, 2022, on November 14, 2022, after market close. The company will host a conference call at 5:00 p.m. ET to discuss these results and current business trends. 4Front operates in multiple states and has established over 20 cannabis brands with a strong focus on efficiency and low-cost production, positioning itself as a significant player in the cannabis market.