4Front Ventures Announces $22 Million U.S. of New Funding
05/01/20, 12:01 PM
Location
phoenixMoney raised
$22 million
Industry
alternative medicine
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 Info
Location
phoenix, arizona, united states
Additional Info
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.