4Front Ventures Corp - FFNTF stock
| OTC Tier: OTCQX International | Related ticker symbols: CSX: FFNT
Description[edit]
4Front Ventures Corp. is a company that owns and operates licensed cannabis facilities in state-licensed markets within the United States; it operates in two segments, THC Cannabis and CBD Wellness, with the THC Cannabis segment involved in cultivation, production, manufacturing, and distribution of THC cannabis products to owned dispensaries and third-party retailers, as well as providing ancillary services, selling equipment and supplies to cannabis producers, and leasing real estate properties; the company also operates dispensaries in Massachusetts, Illinois, and Michigan under the MISSION brand name; the CBD Wellness segment focuses on selling non-THC hemp-derived products; 4Front Ventures Corp. was founded in 2011 and is headquartered in Phoenix, Arizona.[1]
History[edit]
4Front Ventures Corp. has its origin in the U.S. cannabis industry and has undergone significant developments since its inception. The company was founded in 2011 by Kris Krane and Josh Rosen, who sought to capitalize on the growing legal cannabis market.[2]
The founders recognized the potential of the emerging cannabis industry as various states in the United States began to legalize medical and recreational cannabis use. They aimed to create a vertically integrated cannabis company that could operate in state-licensed markets and provide high-quality products and services to consumers. Initially, 4Front Ventures started as a consulting firm, offering its expertise to help cannabis businesses navigate the complex regulatory landscape and develop successful operations. As the legal cannabis industry expanded, the company adapted its business model and expanded its operations.[3]
Over time, 4Front Ventures diversified its activities to include various aspects of the cannabis supply chain, such as cultivation, production, manufacturing, and distribution of THC cannabis products. The company also ventured into the CBD wellness segment, focusing on non-THC hemp-derived products. With a focus on state-licensed markets, 4Front Ventures strategically acquired and developed cannabis facilities and dispensaries in states where cannabis had been legalized for medical or recreational use. The company's retail operations, primarily operating under the MISSION brand name, have gained recognition for providing consumers with a diverse range of cannabis products and a positive retail experience.[3]
- ↑ Yahoo Finance. FFNTF Stock Profile. Retrieved on 10/19/2023.
- ↑ SEC.gov. 4FRONT VENTURES CORP. Annual Information Form For the Fiscal Year Ended December 31, 2019. June 30, 2020.
- ↑ 3.0 3.1 4frontventures.com. About Us. Retrieved on 10/19/2023.
