logo
logo

4Front Ventures Announces $22 Million U.S. of New Funding

May 01, 2020•about 5 years ago

Amount Raised

$22 Million

PhoenixAlternative Medicine

Description

 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") announced reaching a significant milestone in becoming cash flow positive in 2H 2020 through a sale of non-core retail licenses netting in excess of $18 million U.S. and a private placement of convertible debentures of $4 million U.S. The Company expects these transactions will fulfill the Company's stated objectives of being fully-funded and achieving cash flow positivity in the second half of 2020.

Company Information

Company

4 Front Ventures Corp.

Location

Phoenix, Arizona, United States

About

4Front (CSE: FFNT) (OTCQX: FFNTF) is a national multi-state cannabis operator and retailer, with a market advantage in mass-produced, low-cost quality branded cannabis products. 4Front manufactures and distributes a portfolio of over 25 cannabis brands including Island, The Hunt, Legends, HiBurst, 1988, Marmas, Crystal Clear, Funky Monkey, KokoGemz, Verdure, and the Pure Ratios wellness collection, distributed through retail outlets and their chain of strategically positioned Mission Dispensaries stores. Headquartered in Phoenix, Arizona, 4Front has operations and manages facilities in Illinois, Massachusetts and Washington state. From plant genetics to the cannabis retail experience, 4Front’s team applies expertise across the entire cannabis value chain.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People