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Anyone explain why the spread is over $100?
It is one of my little hopefuls, that I have put a significant chunk into. They have said they are shooting to be cash+ some time this year.
I went into a local dispensary here in so cal. Their crystal clear live resin was $22 for a 1g tank. It was the most inexpensive live resins in the shop. Meanwhile Jetty Extracts live resin 1g tank was $35
The jetty extracts had nicer packaging and the mouthpiece was wood instead of plastic, but what was inside was virtually identical. I’d wager a lot of people will opt to save the $15.
The fact that they’re so focused on quality volume production makes me think this has the potential to be a monster or it will be acquired by someone given its low trading volume.
I am riding TILT from 0.20
Second choice CWEB.
Slow and steady wins the race!
MADLONG2029
4Front Bets Big on California with Massive Cannabis Processing Facility
June 10, 2021 at 1:50 pm
Exclusive Interview with 4Front Ventures CEO Leo Gontmakher by Carrie Pallardy
4Front Ventures (CSE: FFNT) (OTCQX: FFNTF) has taken its low-cost model of production, developed in Washington, to multiple states and continues to look for ways to expand. CEO Leo Gontmakher spoke with New Cannabis Ventures about the company’s footprint across the United States, its plans for the California market and how the company is positioning itself to be a long-term winner in the cannabis industry. The audio of the entire conversation is available at the end of this written summary.
The Big Five at 4Front
Gontmakher refers to the core leadership team at 4Front as “the big five.” He started his career working with his father’s seafood business, gaining experience in production management, accounting, sales, branding and logistics. He also has startup experience; Gontmakher always knew he would want to be involved in the cannabis industry when legalization began.
The other four members of the core leadership team include President Karl Chowscano, COO Joe Feltham, EVP of Finance Jake Wooten and CIO Andrew Thut.
4Front emphasizes the importance of culture, from its leadership team to the people working at the facility level, according to Gontmakher.
Washington
Washington does not allow out-of-state companies to own cannabis licenses. 4Front is involved in the market as a real estate owner. The company’s tenant, producer and processor Northwest Cannabis Solutions, has become the largest edibles player in the state and the second largest in flower, according to Gontmakher.
As a landlord, 4Front provides branding, SOPs and IP contracts to its tenant. Over the years of being in that challenging cannabis market, the company has honed its low-cost production strategy. Now, all of its facilities yield 400 grams per square foot per year or higher, according to Gontmakher.
Beyond cultivation, the company focuses on automation and packaging to help keep its cost of production low. 4Front has a centralized purchasing team that buys all non-cannabis inventory across its footprint to help push the price down, according to Gontmakher.
While this low-cost model has helped 4Front grow in other markets, the future of Washington remains uncertain. There is a push to allow out-of-state ownership in the state, but it has yet to come to fruition. As a result, the company is not currently looking at M&A in the state. Instead, it continues its strong tenant relationship.
Expanding Footprint
4Front is vertically integrated in Massachusetts and Illinois. It has three retail locations in Massachusetts and two in Illinois. Additionally, the company is building out phase one of a 90,000-square-foot grow and an 80,000-square-foot processing facility in Illinois. The company has also been in conversation with social equity partners in Illinois, looking for ways to honor its advocacy roots, according to Gontmakher.
The company also has a standalone retail store in Michigan.
California Plans
4Front sees California as a key market for long-term, large-scale success. It plans to open a 170,000-square-foot manufacturing facility in the state later this month. Given how much biomass is available in the state, the company opted to focus solely on manufacturing. The new facility has 10 times the production capacity of the company’s tenant in Washington, utilizing approximately a third of the people, according to Gontmakher. The facility is the next step in the company’s push for automation and low-cost production.
The company will be bringing 10 of its top brands to the California market. It already has a distribution license as a part of the facility, and it has chosen Nabis as its distribution partner.
Growth Strategy
4Front is approaching growth with an open mind. It has an application pending in New Jersey. It is considering the possibility of expanding its footprint in Michigan and going fully vertical. The Florida market is also of interest.
The current licensed portfolio offers 4Front plenty of opportunities, but it is open to the right kind of M&A. The company would be interested in deals that come with a good team and neutral or positive cash flow. 4Front would be open to deals that would take it into new markets or allow it to expand in its current markets.
Since its inception, the company has focused on low-cost operations. Whenever federal legalization comes to pass, Gontmakher anticipates that more competition will enter the market and prices will plummet. As the company continues to focus on lowering prices, increasing efficiency and ramping up scale, it is positioning itself to be a winner in that landscape, according to Gontmakher.
Fundraising Flexibility
The company is funded for all of its projects in 2021 and going into 2022, according to Gontmakher, and is cash flow positive. 4Front will continue to grow organically unless the right kind of M&A comes along.
If the company does decide to pursue a deal and more fundraising, it has options. Over the course of its history, 4Front has done equity deals, convertible debt and sale-leasebacks. It is still approximately 60 percent insider-held, and Gontmakher is confident in the company’s ability to raise capital.
Growth Drivers
The opening of the company’s second Illinois store late last year, the opening of its third store in Massachusetts this year and the soon-to-be-online manufacturing facility in California are key growth drivers in 2021.
Efficiency remains a vital theme for 4Front. The company monitors its cultivation and production metrics, looking for ways to drive more automation and innovation for new products. The company also carefully monitors its employee culture to ensure its people are engaged and helping to drive success.
That team factor will remain important as the company works to launch its California facility and move forward with its large construction project in Illinois.
MADMAFundraising Flexibility
The company is funded for all of its projects in 2021 and going into 2022, according to Gontmakher, and is cash flow positive. 4Front will continue to grow organically unless the right kind of M&A comes along.
If the company does decide to pursue a deal and more fundraising, it has options. Over the course of its history, 4Front has done equity deals, convertible debt and sale-leasebacks. It is still approximately 60 percent insider-held, and Gontmakher is confident in the company’s ability to raise capital.
Growth Drivers
The opening of the company’s second Illinois store late last year, the opening of its third store in Massachusetts this year and the soon-to-be-online manufacturing facility in California are key growth drivers in 2021.
Efficiency remains a vital theme for 4Front. The company monitors its cultivation and production metrics, looking for ways to drive more automation and innovation for new products. The company also carefully monitors its employee culture to ensure its people are engaged and helping to drive success.
That team factor will remain important as the company works to launch its California facility and move forward with its large construction project in Illinois.
MADLONG2029
COMPARISON 4FRONT VENTURES VS TILT HOLDINGS
4Front Ventures FFNTF
Last quarterly revenue $31.4M
Adjusted EBITDA $5.9M
Shares outstanding 566,186,697
Net loss/gain <$11,084,000 >
Cash and cash equivalent $17.8M
Price per share $1.25
TILT Holdings TLLTF
Last quarterly revenue $46.8M
Adjusted EBITDA $6.2M
Shares outstanding 325,668,294
Net loss/gain <$1,579,000>
Cash and cash equivalent $9M
Price per share $0.50
The O/S number is high. Otherwise good company.
Why do you say that John???
Makes no sense to me.....
Help me see the benefits?
MADLONG2029
They could use a 1 for 4 split.
Looking forward here chart looks good for a breakout 4Front!
Good News prior to earnings report!
https://finance.yahoo.com/news/4front-ventures-corp-receives-unanimous-190000410.html
Earnings Today! CEO said they are a “second half story”, but hopefully some upside growth and impressive forecasts / guidance!
Breakout is imminent IMO very soon. Accumulation is high.
I would agree with you and Steven on that!
I’ve been adding on the dips in anticipation of someone buying them!
MADLONG2029
I see someone buying 4front.
Volume picking up nicely. Something good is coming no doubt. Maybe just a good E.R.
Agree if not soon later for sure. An MSO will definitely buy this IMO. Agree they will be bought out soon.
Next buyout after Harvest Health.
Chart looks good.
I post this on my Twitter too. Let people know who we are.
Tomorrow should be very interesting to say the least. Wonder what the reason was for the volume spike today. Obviously something very positive.
I believe this can and will run very soon. So under valued and under followed IMO.
Added a bit here today...FFNTF!
I follow the TOS, regardless of the position of the poster
Finally checked out the dispensary, wow was it busy. Parking lot was completely full when I got there around 1 pm. I had pre ordered so I just buzzed the door and went inside. Very friendly staff even on this very busy day. Must of been like 20-30 people. I didn't have to wait the pre order line was free. I could not take pictures inside except the one wall logo. Anyway I was blown away how busy the store was and how fast they were. The walk in customers probably not as fast.
Definitely a keeper. I don't hold a lot 4k but going to keep it for a year or more as this is going to get a lot of attention especially as EBIDTA becomes a reality with the forecast projected which IMO doable.
Looking forward to it!!!
MADLONG2029
Press Release: 4Front Announces Fiscal Fourth Quarter and Full Year 2020 Earnings Date and Conference Call
8:30 am ET March 30, 2021 (Dow Jones)
4Front Announces Fiscal Fourth Quarter and Full Year 2020 Earnings Date and Conference Call
Canada NewsWire
PHOENIX, March 30, 2021
PHOENIX, March 30, 2021 /CNW/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") today announces it plans to issue its Fiscal Year 2020 earnings press release on Tuesday, April 6, 2021, after U.S. markets close, commensurate with the filing of its financial results.
The Company will also host a conference call and webcast on Tuesday, April 6, 2021 at 5:00 p.m. ET to review its operational and financial results and provide an update on current business trends.
To join the call, dial 1-877-407-0792 toll free from the United States or Canada or 1-201-689-8263 if dialing from outside those countries. The webcast can be accessed at this link.
The call will be available for replay until Tuesday April 13, 2021. To access the telephone replay, dial 1-844-512-2921 toll free from the United States and Canada, or 1-412-317-6671 if dialing from outside those countries, and use this replay pin number: 13717894.
To receive company updates and be added to the email distribution list please sign up here.
About 4Front Ventures Corp.
4Front (CSE: FFNT) (OTCQX: FFNTF) 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, visit 4Front's website www.4frontventures.com.
This news release was prepared by management of 4Front Ventures, which takes full responsibility for its contents. The Canadian Securities Exchange ("CSE") has not reviewed and does not accept responsibility for the adequacy of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
SOURCE 4Front Ventures Corp.
MADLONG2029
4Front Ventures Secures Land and Funding for Massive New Cultivation and Production Facility in Illinois
More content below
Mon, March 15, 2021, 11:08 PM
More content below
FFNTF
+7.91%
PHOENIX, March 15, 2021 /CNW/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") announced today that it has entered into definitive agreements with both the land owner and an affiliate of Innovative Industrial Properties, Inc., ("IIPR") to build an up to 558,000 square foot cultivation and production facility in Illinois. This would mark the largest such facility in the state to date. In summary, the agreements provide for IIPR to acquire the land for $6.5m and fund the approximately $45m buildout of phase one of the facility which will be leased back to 4Front in the form of a 20-year lease with two five-year extensions at the Company's option. Closing of the transaction is subject to securing appropriate county and state incentives, completion of standard due diligence, and other customary closing conditions.
4Front continues to penetrate in key adult-use markets with its proven portfolio of high-quality, affordable products. While the Company has already experienced significant success in Illinois through their Mission-branded dispensaries and existing cultivation-only facility, it is excited with the scope and scale of this new facility which will enable it to now introduce its full array of products into the market and catapult it to a top player in the State.
"Our thesis is simple." noted 4Front CEO Leo Gontmakher, "Bring tried-and-true cultivation and manufacturing methods from Washington State to large adult-use markets like Massachusetts, Illinois and California. Washington State was and is a highly competitive battleground in which our facilities, over a six year period, honed processes to achieve significant efficiencies and cost savings across a wide array of products. It is over this period that our facilities were forced to learn how to make high quality product at below industry cost, enabling significant profitability despite plummeting wholesale prices. Over the last 18 months, we have had significant success transitioning our three cultivation/manufacturing facilities in Illinois and Massachusetts into the 'Washington Way'." Gontmakher continued, "Cultivation yields now meet or exceed those from our Washington facilities (greater than 370 grams/square foot and as high as 500 grams/square foot in Worcester) and our manufactured products have retained a similar cost structure to that of Washington. We are also thrilled with the demand for our high-quality, affordable manufactured products introduced in Massachusetts over the last year. We are incredibly excited and ready to compete at a larger scale in Illinois."
The first phase of the buildout will constitute 258,000 square feet of building, comprising 65,000 square feet of flowering canopy and approximately 70,000 square feet of manufacturing space for the development of 4Front's branded flower, edibles, tinctures, concentrates and other manufactured products. Phase 1 is expected to be operational by Q4 2022.
The subsequent phase(s) of the buildout will add an additional 300,000 square feet of facility to meet market demand. 4Front plans to hire more than 240 employees to its cultivation and production teams during Phase 1.
To receive company updates and be added to the email distribution list please sign up here.
About 4Front Ventures Corp.
4Front (CSE: FFNT) (OTCQX: FFNTF) 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, visit 4Front's website www.4frontventures.com.
This news release was prepared by management of 4Front Ventures, which takes full responsibility for its contents. The Canadian Securities Exchange ("CSE") has not reviewed and does not accept responsibility for the adequacy of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in 4Front Ventures' periodic filings with securities regulators. When used in this news release, words such as "will, could, plan, estimate, expect, intend, may, potential, believe, should," and similar expressions, are forward-looking statements.
Forward-looking statements may include, without limitation, statements related to future developments and the business and operations of 4Front Ventures, statements regarding when transactions will close or if/when required approvals are attained or conditions to closing are satisfied, the timing of buildout and hiring of new employees, the introduction of product into markets, market conditions, the Company's market share and demand for its products, the Company's ability to enter into and be successful in other markets, and other statements regarding future developments of the business.
Although 4Front Ventures has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals and satisfaction of conditions to closing; investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under U.S. federal laws; change in laws; limited operating history; reliance on management; requirements for additional financing including in connection with subsequent phases of the buildout, the availability of employees, market acceptance of and demand for the Company's products, the impact of COVID-19 on the proposed buildout and the Company's operations; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.
There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. 4Front Ventures disclaims any intention or obligation to update or revise such information, except as required by applicable law, and 4Front Ventures does not assume any liability for disclosure relating to any other company mentioned herein.
SOURCE 4Front Ventures Corp.
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View original content: http://www.newswire.ca/en/releases/archive/March2021/16/c9767.html
Good! At a good price point.
I live 30 minutes from the Mission Dispensary in Calumet City, Illinois. I am going to check it out soon. FYI
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