Welcome to our dedicated news page for 4FRONT VENTURES (Ticker: FFNTF), a resource for investors and traders seeking the latest updates and insights on 4FRONT VENTURES.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect 4FRONT VENTURES's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of 4FRONT VENTURES's position in the market.
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4Front Ventures Corp. announces the issuance of securities to consultants, directors, and officers. The Company will issue 1,000,000 class A subordinate voting shares, 14,718,644 restricted share units, and 5,483,600 purchase warrants convertible into SVS. The securities are being issued in consideration for services provided and to settle obligations. The RSUs represent the right to receive one SVS under specific conditions.
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4Front Ventures Corp. reported FY 2023 revenue of $97.4 million, excluding discontinued operations, with adjusted EBITDA of $10.1 million. The company saw wholesale revenue growth of 75% in Illinois and 42% in Massachusetts. 4Front appointed Peter Kampian as CFO and is expanding its operations in Illinois.
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4Front Ventures Corp. will release its financial results for Q4 and full year 2023 on April 15, 2024. The company will host a conference call to discuss the results and business trends. Investors can access the webcast and dial-in for the call.
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4Front Ventures Corp. expands its vape product portfolio with Crystal Clear Blast in Massachusetts and Illinois. The company progresses in Illinois with a new Mission Dispensary store in Norridge and the Matteson facility. The Norridge store anticipates a grand opening soon, while the Matteson facility advances swiftly, offering new career opportunities. 4Front aims to maximize its retail footprint and serve the local communities effectively.
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4Front Ventures Corp. introduces Mission Cannabis, its premium flower brand, now available at all Mission Dispensaries in Massachusetts and soon in Illinois.
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4Front Ventures Corp. activates power at its 250,000 square foot flagship facility in Matteson, Illinois, and anticipates opening its third in-state retail dispensary in Norridge by the end of the quarter. The Matteson Facility is now one of the largest cultivation and manufacturing centers in Illinois, offering state-of-the-art production space and innovative technologies. The company plans to introduce its suite of award-winning brands and products to the Illinois market, including packaged flower, pre-rolls, infused products, edibles, and concentrates, through its Mission Dispensaries and partner dispensaries statewide. The Matteson Facility will power a full footprint of 10 retail stores in the state, with headroom for a significant wholesale channel, allowing the company to double its revenue in the next 12-18 months across an efficient, cash-flow positive operation.
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4Front Ventures Corp. announced the closing of its amendment to the loan and security agreement with its senior secured lender, LI Lending, LLC, under which the lender converted approximately 44% ($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 share. The terms of the remaining loan balance remained unamended. The company also granted the lender a restricted stock unit to maintain the lender's ownership percentage in the event of any financing. The board of directors has chosen to cap their annual remuneration and receive it in RSUs to align with the company's objective of long-term shareholder value creation.
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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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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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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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4FRONT VENTURES CORP
OTC:FFNTF
FFNTF Rankings
FFNTF Stock Data
63.48M
476.16M
20.78%
14.19%
Medicinal and Botanical Manufacturing
Manufacturing
United States of America
Phoenix
About FFNTF
4front is a leading investment and management firm in the u.s. cannabis industry. it has developed a national platform that consists of a multi-state retail footprint, a far-reaching network of partnership relationships, and operational efficiencies that allow it to take advantage of new opportunities as state-legal cannabis markets continue to open up. led by a group of professionals with experience in finance, real estate, manufacturing, and multi-location retail and hospitality operations, 4front brings to the table a comprehensive collection of management skills and hands-on operating expertise. it has invested heavily in its talent and capabilities in order to support the steep growth curve in front of it.