4Front Initiates Bankruptcy and Insolvency Act Proceedings in Canada

Rhea-AI Summary

4Front Ventures Corp. (CSE: FFNT) (OTC: FFNTF), a vertically integrated cannabis operator, has initiated bankruptcy proceedings in Canada under the Bankruptcy and Insolvency Act. This development follows the company's previously announced U.S. receivership petition. B. Riley Farber has been appointed as the trustee for the Canadian Bankruptcy Proceedings. Stakeholders can obtain additional information about the proceedings by contacting the trustee via email or visiting the dedicated case webpage.

Positive

• None.

Negative

• Company has filed for bankruptcy in Canada, indicating severe financial distress
• Follows U.S. receivership petition, suggesting comprehensive business failure across North American operations
• Potential total loss of shareholder value due to bankruptcy proceedings

PHOENIX, June 10, 2025 /PRNewswire/ - 4Front Ventures Corp. ("4Front" or the "Company") (CSE: FFNT) (OTC: FFNTF), a vertically integrated cannabis operator, announces that, following its previously announced U.S. receivership petition, it has made an assignment into bankruptcy pursuant to the Canadian Bankruptcy and Insolvency Act (the "Canadian Bankruptcy Proceedings").

B. Riley Farber has been appointed as the trustee in the Canadian Bankruptcy Proceedings. Further information may be obtained from the trustee at 4frontventures@brileyfin.com or on the case webpage www.brileyfarber.com/engagements/4frontventures/.

About 4Front Ventures Corp.

4Front is a national, vertically integrated multi-state cannabis operator with operations in Illinois and Massachusetts and facilities in Washington. Since its founding in 2011, 4Front has built a strong reputation for its high standards and low-cost cultivation and production methodologies earned through a track record of success in facility design, cultivation, genetics, growing processes, manufacturing, purchasing, distribution, and retail. To date, 4Front has successfully brought to market more than 20 different cannabis brands and over 1,800 products, which are strategically distributed through its fully owned and operated Mission dispensaries and retail outlets in its core markets. For more information, visit https://4frontventures.com/.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

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SOURCE 4Front Ventures Corp.

FAQ

What happened to 4Front Ventures (FFNTF) on June 10, 2025?

4Front Ventures filed for bankruptcy in Canada under the Bankruptcy and Insolvency Act, following their previous U.S. receivership petition

Who is the trustee for 4Front Ventures' Canadian bankruptcy proceedings?

B. Riley Farber has been appointed as the trustee for 4Front Ventures' Canadian bankruptcy proceedings

What does the bankruptcy filing mean for FFNTF shareholders?

The bankruptcy filing indicates severe financial distress and could potentially result in a total loss of shareholder value

How can stakeholders get information about 4Front's bankruptcy proceedings?

Stakeholders can contact the trustee at 4frontventures@brileyfin.com or visit www.brileyfarber.com/engagements/4frontventures/

Is 4Front Ventures bankrupt in both the US and Canada?

Yes, 4Front has filed for receivership in the U.S. and has now also initiated bankruptcy proceedings in Canada