4FRONT VENTURES CORP - FFNTF STOCK NEWS

4Front Ventures reported Q2 2021 Systemwide Pro Forma Revenue of $34.4 million, a notable 85% increase year-over-year and 10% sequentially. The company achieved an Adjusted EBITDA of $7.5 million, marking a 27% increase from Q1 2021, with an Adjusted EBITDA margin of 22%. 4Front reiterated its FY2021 guidance of $170-180 million in revenue and $40-50 million in EBITDA. Navy Capital will lead financing for an upcoming acquisition aimed at enhancing market presence. The company plans to open its third dispensary in Massachusetts on August 21, 2021.

4Front Ventures Corp has received a commencement letter from the Massachusetts Cannabis Control Commission, allowing it to open its third dispensary, Mission Brookline, on August 21 at 10 am. This new location, situated in the Allston Innovation Corridor, will serve adults 21 and older by appointment only. The company aims to provide a wide range of cannabis products, leveraging its established brands and retail expertise. With existing dispensaries in Georgetown and Worcester, 4Front is poised to enhance its market presence in Massachusetts.

4Front Ventures Corp (CSE: FFNT, OTCQX: FFNTF) has announced the closing of the first phase of a multiphase expansion project in Matteson, Illinois. The project will create a 250,000 sq. ft. cultivation and production facility, backed by Innovative Industrial Properties. The facility aims to generate over 500 jobs and meet the growing demand in Illinois's cannabis market. Expected to be completed by Q4 2022, this initiative marks a major step in establishing the largest cannabis cultivation site in the state, set to produce various cannabis products for consumers and partner dispensaries.

4Front Ventures Corp (CSE: FFNT, OTCQX: FFNTF), a multi-state cannabis operator, will report its second quarter financial results for the period ended June 30, 2021, on August 16, 2021, after market close. A conference call will be held at 5:00 p.m. ET for discussing the results and current business trends. Investors can join the call via dial-in or webcast. Since 2011, 4Front has established itself in the cannabis market with over 20 brands and nearly 2,000 products, focusing on delivering value and integrating operations across medical and adult-use markets.

4Front Ventures Corp. (CSE: FFNT, OTCQX: FFNTF) announced the immediate resignation of Co-Founder and President of Mission Dispensaries, Kris Krane, after nearly 11 years. Krane will transition to a strategic advisor role. 4Front has no immediate plans to replace him. CEO Leo Gontmakher praised Krane's contributions to the cannabis industry and expressed gratitude for his leadership. 4Front continues to operate in key cannabis markets, emphasizing its commitment to quality and value-driven products.

4Front Ventures Corp (CSE: FFNT, OTCQX: FFNTF) has launched its award-winning Terp Stix™ in Illinois, available in one-gram singles for $25 at the Mission Dispensaries in South Chicago and Calumet City. The product leverages proprietary infusion technology for a smooth consumption experience. Following significant pre-roll sales growth, 4Front aims to capture the Illinois market with affordable, high-quality pre-rolls tailored to consumer preferences. The company plans to expand Terp Stix™ availability to additional dispensaries across Illinois in the coming months.

4Front Ventures Corp (CSE: FFNT, OTCQX: FFNTF) has announced a $75,000 donation to Elk Grove Village, Illinois, aimed at enhancing community health and wellness programs. This contribution includes $30,000 for local community events and outreach, and $15,000 each for the Elk Grove Village Cares Program, the Police Drug Education Program, and the Kenneth Young Youth Center. The donation aligns with 4Front's development agreement for its cultivation and manufacturing facility in Elk Grove Village, emphasizing its commitment to community service and public health initiatives.

4Front Ventures Corp. (CSE: FFNT, OTCQX: FFNTF) announced its executive team's participation in two major conferences on June 3-4, 2021. The Piper Sandler 41st Annual Consumer Marketplace Conference will feature small group and one-on-one investor meetings. Additionally, Andrew Thut, Chief Investment Officer, will engage in a fireside chat during the Benzinga Cannabis Capital Conference on June 4, 2021, at 4:15 p.m. ET. 4Front, a multi-state cannabis operator, offers over 25 cannabis brands and operates in several states including Illinois and California.

4Front Ventures Corp. reported a Q1 2021 Systemwide Pro Forma Revenue of $31.4 million, a 26% increase from Q4 2020. The adjusted EBITDA was $5.9 million, with a margin of 19%. The company reiterated its FY2021 guidance, anticipating $170-$180 million in revenue and $40-$50 million in adjusted EBITDA. Long-term projections suggest potential revenue of $650 million and EBITDA of $250 million from existing licensed projects. Operational expansions are underway in California, Massachusetts, and Illinois, with a new facility set to open in Q2 2021.