4Front Ventures Corp (“4Front” or the “Company”) completed a private placement of equity securities for gross proceeds of US$31 million. Due to strong investor demand, the offering size was increased from its initial amount of US$15 million.
4Front will use the proceeds of the offering to fund its ongoing investment in top-tier talent, the buildout in multiple states of its Mission-branded dispensaries and cultivation facilities, as well as for M&A opportunities.
Fort Capital acted as the Financial Advisor and Co-Agent to 4Front on the capital raise.
ABOUT 4FRONT VENTURES CORP.
4Front 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 Marmas, Crystal Clear, Funky Monkey, Pebbles, and the Pure Ratios wellness collection, distributed through retail outlets and their chain of strategically positioned Mission-branded dispensaries.
Headquartered in Phoenix, Arizona, 4Front has operations in Illinois, Massachusetts, California, Michigan, and Washington state. From plant genetics to the cannabis retail experience, 4Front’s team applies expertise across the entire cannabis value chain. For more information, please visit https://4frontventures.com/.