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Innovative Industrial Properties Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
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Rent not collected for the quarter totaled approximately $2.2 million, primarily relating to a previously disclosed, defaulted tenant SH Parent, Inc. (Parallel) at one of IIP’s properties in Pennsylvania.

Key Points: 
  • Rent not collected for the quarter totaled approximately $2.2 million, primarily relating to a previously disclosed, defaulted tenant SH Parent, Inc. (Parallel) at one of IIP’s properties in Pennsylvania.
  • Balance Sheet Highlights (at September 30, 2023)
    12% debt to total gross assets, with approximately $2.6 billion in total gross assets.
  • IIP paid a quarterly dividend of $1.80 per common share on October 13, 2023 to stockholders of record as of September 29, 2023.
  • Innovative Industrial Properties, Inc. will conduct a conference call and webcast at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) on Thursday, November 2, 2023 to discuss IIP’s financial results and operations for the third quarter ended September 30, 2023.

4Front Ventures Announces Issuance of Securities

Retrieved on: 
Wednesday, November 1, 2023
Bank of Canada, Bank, Predators Holdings LLC, CSE, Girls Venture Corps Air Cadets, Security (finance)

PHOENIX, Ariz., Nov. 1, 2023 /PRNewswire/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") announced today that it has agreed to issue 10,359,372 class A subordinate voting shares in the capital of the Company (the "Class A Shares") to settle payment obligations of 4Front Holdings LLC, a wholly owned subsidiary of the Company in the amount of US$1,992,186.88, based on the posted Bank of Canada exchange rate on September 29, 2023 of 1.352.

Key Points: 
  • PHOENIX, Ariz., Nov. 1, 2023 /PRNewswire/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") announced today that it has agreed to issue 10,359,372 class A subordinate voting shares in the capital of the Company (the "Class A Shares") to settle payment obligations of 4Front Holdings LLC, a wholly owned subsidiary of the Company in the amount of US$1,992,186.88, based on the posted Bank of Canada exchange rate on September 29, 2023 of 1.352.
  • The Class A Shares will be issued at a price of C$0.26 per Class A Share.

4Front Ventures to Report Third Quarter 2023 Financial Results on November 14, 2023

Retrieved on: 
Wednesday, November 1, 2023
CSE, Girls Venture Corps Air Cadets, Clothing, Electric power

PHOENIX, Ariz., Nov. 1, 2023 /PRNewswire/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company"), a vertically integrated multi-state cannabis operator and retailer, will report its financial and operating results for the third quarter ended September 30, 2023, on Tuesday, November 14, 2023, after market close.

Key Points: 
  • PHOENIX, Ariz., Nov. 1, 2023 /PRNewswire/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company"), a vertically integrated multi-state cannabis operator and retailer, will report its financial and operating results for the third quarter ended September 30, 2023, on Tuesday, November 14, 2023, after market close.
  • The Company will host a conference call to discuss the results and provide an update on current business trends on November 14, 2023, at 5:00 p.m. Eastern Time.

4Front Ventures Corp. Announces Issuance of Restricted Stock Units Following Recent Credit Facility Announcement

Retrieved on: 
Monday, October 23, 2023
LP, CAD, RSU, Primary Dealer Credit Facility, Creditor, Distribution, CSE, Canadian Securities Exchange, Girls Venture Corps Air Cadets, Credit, Distributed Event-Based Systems, Security (finance)

PHOENIX, Ariz., Oct. 23, 2023 /PRNewswire/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company"), a vertically integrated, multi-state cannabis operator and retailer, today announced that in connection with its US$10 million senior secured credit facility agreement (the "Credit Facility") previously reported on October 16th, the Company intends to enter into a restricted stock unit agreement (an "RSU Agreement") with ALT Debt II, LP, an affiliate of Altmore Capital (the "Lender"), to issue a total of 15,900,000 Restricted Share Units ("RSUs") to the Lender.

Key Points: 
  • PHOENIX, Ariz., Oct. 23, 2023 /PRNewswire/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company"), a vertically integrated, multi-state cannabis operator and retailer, today announced that in connection with its US$10 million senior secured credit facility agreement (the "Credit Facility") previously reported on October 16th, the Company intends to enter into a restricted stock unit agreement (an "RSU Agreement") with ALT Debt II, LP, an affiliate of Altmore Capital (the "Lender"), to issue a total of 15,900,000 Restricted Share Units ("RSUs") to the Lender.
  • Each RSU will settle into one Class A subordinate voting share (each a "Share") of the Company upon the earliest of certain specified conditions (the "Distribution Event"), each as more fully described in the RSU Agreement.
  • The issue price of the RSUs will be equal to CAD$0.31 per RSU.
  • The Company has also announced a restructuring of the convertible promissory note previously entered into with Navy Capital Green Fund, LP, Navy Capital Green Co-Invest Fund, LLC, and HI 4Front, LLC, on October 6, 2021.

4Front Ventures Secures US$10 Million Credit Facility

Retrieved on: 
Monday, October 16, 2023
Primary Dealer Credit Facility, WSJ, Girls Venture Corps Air Cadets, Development, Line of credit, Credit, CSE, Security (finance)

PHOENIX, Ariz., Oct. 16, 2023 /PRNewswire/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company"), a vertically integrated, multi-state cannabis operator and retailer, today announced that it has entered into a $10 million senior secured credit facility agreement (the "Credit Facility") with ALT Debt II, LP (the "Lender"), an affiliate of Altmore Capital.

Key Points: 
  • PHOENIX, Ariz., Oct. 16, 2023 /PRNewswire/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company"), a vertically integrated, multi-state cannabis operator and retailer, today announced that it has entered into a $10 million senior secured credit facility agreement (the "Credit Facility") with ALT Debt II, LP (the "Lender"), an affiliate of Altmore Capital.
  • "This additional capital will fuel our efforts to establish 4Front as a state leader across both our retail and wholesale channels in Illinois and position our operations for long-term, sustainable growth," said Leo Gontmakher, Chief Executive Officer of 4Front.
  • Michael Villapiano, Vice President at Altmore Capital, added "We're excited to partner with 4Front, as they have proven to be one of the most efficient operators in the industry.
  • Provided the Company extends the maturity of certain other subordinated debt, the maturity date of the Credit Facility will be September 30, 2026.

4Front Ventures Announces Agreement to Issue Warrants to Lender in Connection with Amendment to Previously Entered Promissory Note Agreement

Retrieved on: 
Tuesday, October 10, 2023
Canadian Securities Exchange, Agreement, Girls Venture Corps Air Cadets, Good, CSE, Security (finance), Warrant

(CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") announced today that it has agreed to issue 1,283,425 subordinate voting share purchase warrants (the "Warrants") pursuant to an amendment to a previously entered promissory note purchase agreement (the "Agreement").

Key Points: 
  • (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") announced today that it has agreed to issue 1,283,425 subordinate voting share purchase warrants (the "Warrants") pursuant to an amendment to a previously entered promissory note purchase agreement (the "Agreement").
  • Pursuant to the Agreement, the lender has agreed to extend the maturity date of its loan, which has a principal amount of US$2,000,000, with a payment of an extension fee of C$65,000, which is payable in Warrants.
  • Each Warrant will be exercisable at US$0.20 into one class A subordinate voting share of the Company for a period of four years.
  • In accordance with the policies of the Canadian Securities Exchange, the issuance of Warrants will not occur prior to five business days from the date of this announcement.

4Front Partners with The Weldon Project and Joins the Mission [Green] Alliance to Further Federal Cannabis Reform

Retrieved on: 
Tuesday, September 26, 2023
War, Mission, Organization, Roundup, Partnership, CSE, Girls Venture Corps Air Cadets, Social change, Sale, Drug

Through this partnership, 4Front has joined the non-profit's Mission [Green] Alliance , an industry-wide collaboration in support of the nationwide campaign Round Up for Cannabis Reform.

Key Points: 
  • Through this partnership, 4Front has joined the non-profit's Mission [Green] Alliance , an industry-wide collaboration in support of the nationwide campaign Round Up for Cannabis Reform.
  • The program allows customers to round up their purchase to the nearest dollar at the point of sale at all Mission dispensaries to donate to The Weldon Project and Mission [Green ], as of October 1, 2023.
  • Proceeds will go toward advocacy efforts for legislative reform at the federal level, including congressional outreach initiatives.
  • The Weldon Project was founded by leading criminal justice reform advocate Weldon Angelos, after serving 13 years for a low-level, non-violent cannabis-related offense.

4Front Ventures Broadens Illinois Offerings with Expansion of Island Cannabis Co. Product Line

Retrieved on: 
Thursday, September 14, 2023
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Customers can now find the Island 7g flower offering at 4Front's Mission dispensaries in Calumet City and South Chicago , with further expansion into partner dispensaries throughout the state planned for the coming weeks.

Key Points: 
  • Customers can now find the Island 7g flower offering at 4Front's Mission dispensaries in Calumet City and South Chicago , with further expansion into partner dispensaries throughout the state planned for the coming weeks.
  • "Since its initial debut in Illinois, Island has been a flower category leader, standing out as an outlier for its quality and flavor," said Leo Gontmakher, Chief Executive Officer of 4Front.
  • As part of the launch, 4Front is proud to introduce the Island Adventure Pack promotion in celebration of National Public Lands Day on September 23rd.
  • With the purchase of Island flower and Island Classic Single Strain Pre-Rolls, customers will receive an Island Cannabis Co. t-shirt, perfect for an adventure in Indiana Dunes National Park, located near 4Front's Mission dispensaries in Calumet City and South Chicago .

Ellen Mellody and Maria Brasco Wurmbach Join KCSA Strategic Communications in Senior Leadership Roles

Retrieved on: 
Wednesday, September 6, 2023
Controlled Substances Act, Drug, White House, Comcast, General Electric, U.S. Department of Defense Strategy for Operating in Cyberspace, HHS, Health, KCSA, Codeine, Politics, Office of Inspector General, U.S. Department of Health and Human Services, Social media, Tylenol, Ground substance, Tech, Schedule, Ellen, DEA, Girls Venture Corps Air Cadets, Philippine Drug Enforcement Agency, The Ellen DeGeneres Show, Cannabis, Principal, Roger Clinton Sr., Emmy Awards, News, White House press corps

NEW YORK, Sept. 6, 2023 /PRNewswire/ -- KCSA Strategic Communications ("KCSA" or the "Firm"), a leading integrated communications firm, announced today an expansion of the senior leadership team within its cannabis and psychedelic practices. Ellen Mellody has joined the Firm as senior vice president of its Public Relations Team and Maria Brasco Wurmbach has joined as senior vice president of its Social Media Team. Both Ms. Mellody and Ms. Brasco Wurmbach previously served in senior leadership roles at MATTIO Communications ("MATTIO").

Key Points: 
  • NEW YORK, Sept. 6, 2023 /PRNewswire/ -- KCSA Strategic Communications ("KCSA" or the "Firm"), a leading integrated communications firm, announced today an expansion of the senior leadership team within its cannabis and psychedelic practices.
  • Ellen Mellody has joined the Firm as senior vice president of its Public Relations Team and Maria Brasco Wurmbach has joined as senior vice president of its Social Media Team.
  • Both Ms. Mellody and Ms. Brasco Wurmbach previously served in senior leadership roles at MATTIO Communications ("MATTIO").
  • "KCSA is bringing on the strongest talent and growing the best strategic communications, investor relations and digital and social media practices across the financial, healthcare, tech, cannabis and psychedelics industries.

4Front Ventures Announces Issuance of Warrants Under Consulting Services Agreement

Retrieved on: 
Friday, August 18, 2023
CSE, Canadian Securities Exchange, Girls Venture Corps Air Cadets, Security (finance)

PHOENIX, Aug. 18, 2023 /PRNewswire/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") announced today that it intends to issue 750,000 share purchase warrants to an arm's-length consultant under a consulting services agreement.

Key Points: 
  • PHOENIX, Aug. 18, 2023 /PRNewswire/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") announced today that it intends to issue 750,000 share purchase warrants to an arm's-length consultant under a consulting services agreement.
  • Each warrant will be exercisable at C$0.14 into one class A subordinate voting share of the Company for a period of 4 years.
  • In accordance with the policies of the Canadian Securities Exchange, the issuance of warrants will not occur prior to five business days from the date of this announcement.