4front Ventures CORP

4Front Ventures Corp. announced that its U.S. subsidiaries have entered voluntary receivership, leading to the resignation of two key board members, Kris Krane and David Daily.

4Front Ventures Corp. has announced its assignment into bankruptcy proceedings under the Canadian Bankruptcy and Insolvency Act, with a trustee appointed to manage its assets.

4Front Ventures Corp. has been delisted from the OTCQB Venture Market and commenced trading on the OTC Pink Market effective May 19, 2025, following its failure to file audited financial statements for the year ended December 31, 2024.

4Front Ventures Corp. announced that all its U.S. subsidiaries have filed for voluntary receivership in Massachusetts due to significant liabilities and a lack of available financing, anticipating delisting from Canadian and OTC markets.

Michael Kronberg voluntarily resigned as Interim Chief Financial Officer of 4Front Ventures Corp., effective May 12, 2025, and will remain with the company as Director, Finance.

4Front Ventures Corp. received a cease trade order from the Ontario Securities Commission due to its failure to file required financial documents.

4Front Ventures experienced a decrease in revenue and a net loss in Q3 2024, while also making strategic moves including the opening of a new facility and changes in management.

4Front Ventures experienced a significant revenue decrease in the second quarter of 2024, alongside a net loss, while also making strategic moves including a debt conversion and a new dispensary opening.

4Front Ventures experienced a decrease in revenue and a net loss in the first quarter of 2024, while also completing a significant debt restructuring.

4Front Ventures Corp. has entered into a $10 million loan agreement and amended existing debt agreements to support its expansion and operations.

Michael Kronberg resigned as Interim Chief Financial Officer of 4Front Ventures Corp. effective May 12, 2025.

Director Kristopher Krane acquired 1,792,768 Class A Subordinate Voting Shares of 4Front Ventures Corp. through restricted stock units.

Director David Daily acquired 1,792,768 Class A Subordinate Voting Shares of 4Front Ventures Corp. through restricted stock units.

Roman Tkachenko resigned from 4Front Ventures Corp.'s board of directors, ceasing to be a Reporting Person under Section 16 of the Securities Exchange Act of 1934.

Leonid Gontmakher resigned from 4Front Ventures Corp.'s board of directors effective March 29, 2025.

Chetan Gulati resigned from 4Front Ventures Corp.'s board of directors on March 29, 2025, and is no longer a Reporting Person.

4Front Ventures Corp. will hold its annual general and special meeting on October 18, 2024, to address key items including director elections, auditor appointment, and approval of the restricted equity plan.

4Front Ventures Corp. will hold its Annual General and Special Meeting on October 18, 2024, to address key proposals including director elections, auditor appointment, and approval of a restricted equity plan.

Franklin Resources, Inc. and its principal shareholders have filed an amended Schedule 13G, reporting zero beneficial ownership in 4Front Ventures Corp.'s Class A Subordinate Voting Shares.

Franklin Resources, Inc. and its subsidiary Putnam Investment Management, LLC have disclosed a passive beneficial ownership of 6.7% in 4Front Ventures Corp.'s Class A Subordinate Voting Shares.