4Front Ventures Announces Update To Senior Management Team
Portfolio Pulse from Vuk Zdinjak
4Front Ventures Corp. (OTCQX:FFNTF) (CSE:FFNT) announced that CFO Keith Adams will leave the company effective July 31, 2023. Nicole Frederick will assume the CFO position on an interim basis. The company has recently reduced its annualized cost structure by approximately $9 million.
August 07, 2023 | 11:49 am
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4Front Ventures Corp.'s CFO Keith Adams is leaving the company, with Nicole Frederick stepping in as interim CFO. The company has also reduced its annualized cost structure by $9 million.
The departure of a CFO can create uncertainty, but the appointment of an interim CFO and the company's cost reduction measures may mitigate potential negative impacts. The long-term impact will depend on the successor and their ability to maintain the company's financial health.
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