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4Front Ventures Corp. (C:FFNT)

Business Focus: Medical Farming

Sector:  Healthcare Industry:  Healthcare Facilities & Services
 
Company Contact
Address: 7010 E Chauncey Lane #235
PHOENIX AZ 85054
Tel: N/A
Website: https://4frontventures.com
IR: See website
Key People
Andrew Thut
Chief Executive Officer
Peter A. Kampian
Chief Financial Officer
 
Business Overview
4Front Ventures Corp. is a multi-state cannabis operator and retailer. The Company owns or manages licensed cannabis facilities in state-licensed markets in the United States. It manufactures and distributes a portfolio of over 25 cannabis brands including Marmas, Crystal Clear, Island, Verdure, and the Pure Ratios wellness collection, which is distributed through retail outlets, as well as the Company's chain of branded dispensaries. The Company's segments include THC Cannabis and CBD Wellness. The THC Cannabis segment is engaged in cultivation, production, manufacturing, and distribution of THC cannabis products to owned dispensaries and third-party retailers, ancillary services supporting wholesale operations, and retail sales direct to end consumers. It also leases real estate and sells equipment, supplies, and intellectual property to cannabis producers in the state of Washington. The Company's CBD Wellness segment sells non-THC hemp derived products across the United States.
Financial Overview
For the nine months ended 30 September 2023, 4Front Ventures Corp revenues increased 2% to $84.1M. Net loss before extraordinary items increased from $16.4M to $49.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Change in fair value of derivative liabi decrease from $3.5M (income) to $11.9M (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $225.81M as of Sep 30, 2023
Annual revenue (TTM): $156.96M as of Sep 30, 2023
EBITDA (TTM): -$35.95M as of Sep 30, 2023
Net annual income (TTM): -$101.94M as of Sep 30, 2023
Free cash flow (TTM): $8.83M as of Sep 30, 2023
Net Debt Last Fiscal Year: $107.04M as of Sep 30, 2023
Shares outstanding: 914,200,201 as of Feb 13, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization