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4Front Ventures Corp C.FFNT

Alternate Symbol(s):  FFNTF

4Front Ventures Corp. is a vertically integrated, multi-state cannabis operator and retailer with operations in Illinois and Massachusetts and facilities in Washington. The Company manufactures and distributes a portfolio of over 25 cannabis brands including Mission, the Hunt, Marmas, Crystal Clear, Legends, and Island. The Company distributes its products through third party retail outlets, as well as the Company's chain of branded dispensaries. It operates through two segments: THC Cannabis and CBD Wellness. THC Cannabis segment consists of five dispensaries and four production and cultivation facilities across Illinois and Massachusetts. Also, as part of its THC Cannabis segment, the Company leases real estate, sells equipment and supplies, and licenses intellectual property to cannabis producers in the state of Washington. Its dispensaries are branded under the MISSION retail brand. The Company’s CBD Wellness segment sells non-THC hemp derived products across the United States.


CSE:FFNT - Post by User

Post by Betteryear2on Mar 30, 2022 8:57pm
340 Views
Post# 34561214

Fourth Quarter and Full Year 2021 Financial Results

Fourth Quarter and Full Year 2021 Financial Results

2021 Systemwide Pro Forma Revenue1 increased 50% year-over-year to $132.7 million

2021 GAAP revenue increased 81% year-over-year to $104.6 million

2021 Adjusted EBITDA increased 479% year-over-year to $34.0 million

The Company's existing licensed projects at maturity represent a long-term revenue and EBITDA opportunity upwards of $650 million and $250 million, respectively

PHOENIX, Ariz.March 30, 2022 /PRNewswire/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company"), a vertically integrated, multi-state cannabis operator and retailer, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021 ("Q4 2021" and "FY 2021"). All financial information is presented in U.S. dollars unless otherwise indicated.

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