4Front Announces Fiscal Year 2019 Fourth Quarter and Year End Financial Results, Preliminary First Quarter 2020 Results and Business Update

PRESS RELEASE

 Q4 2019 Systemwide Pro Forma Sales of $17.5m, an increase of 525% over Q4 2018.

2019 Full Year Systemwide Pro Forma Sales for 2019 of $63.5m, an increase of 786% over full year 2018.

 Q1 2020 Systemwide Pro Forma Sales of $23.8m, an increase of 36% over Q4 2019.

Robust consumer demand continues across all operating markets despite COVID-19.

 ​Company reaches a conditional…

COVID-19 & The Cannabis Industry: Ten Industry Leaders Share How Their Companies are Dealing With The Crisis

Over the last several weeks, CBE Press LLC (CBE) has been conducting research to learn from industry leadership how the COVID-19 Crisis is effecting their businesses and to learn how they are making adjustments to weather the short term storm while positioning their companies for the long-term until a vaccine is available to protect lives worldwide. In addition to the survey CBE is currently…

Customers line up outside 4Front’s Mission cannabis dispensary in Chicago on Jan. 1, 2020, the first day of legal adult-use sales in Illinois. Image provided by 4Front. 

4Front opened its Chicago Mission cannabis dispensary for adult-use cannabis sales with an overwhelming response from its customer base. In the first five days of its adult-use opening, the dispensary generated sales of more than $266,000 and served over 2,300 customers. 

Smith’s Act of Contrition and the Battle to be the “Voice of the Cannabis Industry”

Over the last few weeks, there have been a number of announcements and articles that are connected to the behind the scenes posturing taking place to determine the “Voice of the Cannabis Industry”. Two weeks ago, we all read about the deal struck between Trump and Cory Gardner of Colorado and CBE even posted an op-ed piece, “Is the end of Prohibition in sight or are we dealing with good old…