Cannabis Company 4Front Announces Broker Offering Of Up To $3.6M In Units, Here's Where The Money Will Go
Portfolio Pulse from Jelena Martinovic
4Front Ventures Corp. (OTCQX: FFNTF) announced a broker offering to raise up to $3.65 million. The funds will be used for equipment, inventory, cultivation inputs, retail licenses, and new retail locations. The offering is expected to close around July 10, 2024, pending regulatory approvals.
June 27, 2024 | 12:59 pm
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4Front Ventures Corp. (OTCQX: FFNTF) is raising up to $3.65 million through a broker offering. The funds will be used for equipment, inventory, cultivation inputs, retail licenses, and new retail locations. The offering is expected to close around July 10, 2024, pending regulatory approvals.
The broker offering will provide 4Front Ventures with significant capital to invest in growth initiatives, which could positively impact its stock price. The successful closing of the offering and subsequent investments in equipment, inventory, and retail expansion are likely to be viewed favorably by investors.
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