CANNEX CAPITAL HOLDINGS, INC.

4Front to Present at Upcoming New York Canaccord Genuity Cannabis Conference

Retrieved on: 
Monday, May 13, 2019
Genuity, Cannabis, OTC Markets Group, Medicine, Companies

PHOENIX, May 13, 2019 /PRNewswire/ -- 4Front Holdings, LLC ("4Front"), a diversified operator of strategically aligned cannabis-related businesses, including cultivation, production and retail operations, is pleased to announcethat Josh Rosen, Chief Executive Officer, will present at the Canaccord Genuity 3rdAnnual Cannabis Conference on Tuesday, May 14, 2019, at the Grand Hyatt in New York, N.Y. Mr. Rosen's presentation will begin at 1:00 p.m.

Key Points: 
  • PHOENIX, May 13, 2019 /PRNewswire/ -- 4Front Holdings, LLC ("4Front"), a diversified operator of strategically aligned cannabis-related businesses, including cultivation, production and retail operations, is pleased to announcethat Josh Rosen, Chief Executive Officer, will present at the Canaccord Genuity 3rdAnnual Cannabis Conference on Tuesday, May 14, 2019, at the Grand Hyatt in New York, N.Y. Mr. Rosen's presentation will begin at 1:00 p.m.
  • 4Front and Cannex Capital Holdings, Inc. ("Cannex")(CSE:CNNX; OTCQX:CNXXF) recently signed a definitive agreement whereby Cannex will acquire 4Front and where the resulting issuer will be 4Front Ventures.
  • The transaction was announced in late 2018 with a definitive agreement in place on March 1, 2019.
  • 4Front is building anext-generation company in the cannabis industry, based upon strategic andaligned leadership, battle-tested operating capabilities, transparent and principled governance, and a commitment to developing and supporting people and communities.

4Front Secures $50M Loan to Fund Real Estate-Related Development

Retrieved on: 
Friday, May 10, 2019
Corporate finance, Equity securities, Options, Warrant, Convertible security

Importantly, the Loan is non-dilutive, not convertible, does not include warrants or similar equity instruments nor a prepayment penalty.

Key Points: 
  • Importantly, the Loan is non-dilutive, not convertible, does not include warrants or similar equity instruments nor a prepayment penalty.
  • "We have had detailed discussions with several prospective lenders over the last two years, but LI Lending offered terms materially better than others," said Josh Rosen, CEO and co-founder of 4Front.
  • 4Front's anticipated business combination with Cannex has been approved by Cannex shareholders and is awaiting final approval from U.S. antitrust authorities.
  • The resulting combined entity is planned to be named 4Front Ventures.