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4Front Reaches Deal to Divest Arkansas Assets

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4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company“), has signed a letter of intent to divest 100% of its economic interests associated with three dispensary licenses in Arkansas for a combination of cash and debt.

The proposed transaction is expected to be completed in mid-December. Terms of the deal are confidential.

“Although we believe Arkansas is an attractive developing medical cannabis market, we are optimizing our footprint and focusing our resources—both capital and execution capabilities—on our most significant opportunities,” said Josh Rosen, CEO of 4Front. “We view this opportunity to divest our interests in Arkansas as consistent with our approach.”

Conference Call 
The Company will host its Q3 2019 earnings conference call with CEO Josh Rosen, CFO Brad Kotansky, and President Kris Krane today at 9 a.m. EST. Join by dialing 1-877-407-0792 toll free from the United States or Canada or 1-201-689-8263 if dialing from outside those countries.

The call will be available for replay if you’re unable to join. To access the replay, which will be available until December 9, dial 1-844-512-2921 toll free from the United States and Canada, or 1-412-317-6671 if dialing from outside those countries, and using this replay pin number: 13696657.

 

SOURCE 4Front

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