{"id":387575,"date":"2020-11-24T08:03:38","date_gmt":"2020-11-24T13:03:38","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387575"},"modified":"2020-11-24T08:03:38","modified_gmt":"2020-11-24T13:03:38","slug":"4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\/","title":{"rendered":"4Front Ventures to Complete 185,000 Square Foot Manufacturing Facility in Commerce, California"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n
\n First\u00a0Products\u00a0to Hit\u00a0California\u00a0Shelves\u00a0in\u00a0Q2\u00a02021<\/i>
\n <\/b>\u00a0<\/p>\n

\n PHOENIX, AZ<\/span>, Nov. 24, 2020<\/span> \/PRNewswire\/ –\u00a04Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front<\/b>” or the\u00a0“Company<\/b>“)\u00a0is pleased to\u00a0announce\u00a0that\u00a0its fully funded state of the art 185,000 square foot production facility\u00a0in\u00a0Commerce, California<\/span> is nearing completion and will be ready to serve the $3b<\/span>California<\/span> cannabis market\u00a0in Q2 2021. The project\u00a0is on target to be completed in\u00a0April 2021 with the Company planning for\u00a0the\u00a0first of its full line of edibles, tinctures and vape products to be on California<\/span> retail shelves by May. <\/p>\n

Leveraging the market dominating best practices of its Washington<\/span> facilities, 4Front has successfully introduced its products and brands into Massachusetts<\/span>, Illinois<\/span> and soon to be California.\u00a0The\u00a0automated state of the art Commerce<\/span> facility incorporates unprecedented capacity for finished goods manufacturing,\u00a0similar to\u00a0the scale seen in the traditional consumer packaged goods industry.\u00a0Commerce will have the ability to produce over ten times the current capacity of 4Front’s 40,000 square foot Washington<\/span> production hub, which is currently the number one producer of derivative cannabis products in Washington State<\/span>.<\/p>\n

The successful closing of\u00a0a C$17.25<\/span> million\u00a0bought deal financing\u00a0provides\u00a0the Company with all it needs to finish the\u00a0California\u00a0facility and to replicate its proven high quality \/low-cost production strategy that has been so successful in even the most competitive of cannabis markets such as Washington\u00a0State.\u00a0<\/p>\n

“We’re\u00a0thrilled\u00a0to\u00a0be\u00a0in California<\/span> and to\u00a0be completing our\u00a0largest\u00a0and most automated manufacturing facility yet,”\u00a0stated\u00a0Leo\u00a0Gontmakher, Chief Executive Officer of 4Front. “Our\u00a0experience in\u00a0Washington, Massachusetts\u00a0and Illinois<\/span>, where we excel\u00a0in low-cost manufacturing at scale,\u00a0uniquely positions us to successfully compete\u00a0in\u00a0one of\u00a0the largest,\u00a0if not\u00a0the\u00a0largest,\u00a0cannabis\u00a0markets in the world.”\u00a0<\/p>\n

Mr.\u00a0Gontmakher\u00a0continued, “This facility is almost finished and with our large-scale customized production line will produce\u00a0a minimum of ten times more product\u00a0per shift\u00a0than the largest of our other locations.\u00a0I am not aware of a production\u00a0facility in the country which will rival us in\u00a0either\u00a0size\u00a0or efficiency and we are poised\u00a0to attack\u00a0the\u00a0California\u00a0market\u00a0in a manner\u00a0that the rest of the industry has been unable to\u00a0do.\u00a0<\/p>\n

“In short,” said Gontmakher, “this facility is expected to produce quality product at scale and at a price point that\u00a0pleases\u00a0both\u00a0retailer\u00a0and consumer.\u00a0 Being the lowest cost producer\u00a0is our strategy for every state in which we operate, and I am excited to soon announce further capacity expansions in Illinois<\/span> and Massachusetts<\/span> as well.”<\/p>\n

To receive company updates and be added to the email distribution list please sign up here<\/a>.<\/p>\n

\n About 4Front Ventures Corp.<\/b>
\n \n <\/p>\n

4Front (CSE: FFNT) (OTCQX: FFNTF) is a national multi-state cannabis operator and retailer, with a market advantage in mass-produced, low-cost quality branded cannabis products. 4Front manufactures and distributes a portfolio of over 25 cannabis brands including Marmas, Crystal Clear<\/span>, Funky Monkey, Pebbles, and the Pure Ratios wellness collection, distributed through retail outlets and their chain of strategically positioned Mission branded dispensaries.<\/p>\n

Headquartered in Phoenix, Arizona<\/span>, 4Front has operations in Illinois<\/span>, Massachusetts<\/span>, California<\/span>, Michigan<\/span> and Washington state<\/span>. From plant genetics to the cannabis retail experience, 4Front’s team applies expertise across the entire cannabis value chain. For more information, visit 4Front’s website<\/a>.<\/p>\n

\n This news release was prepared by management of 4Front Ventures, which takes full responsibility for its contents. The Canadian Securities Exchange (“CSE”) has not reviewed and does not accept responsibility for the adequacy of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.<\/i>\n <\/p>\n

\n This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States<\/span>. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States<\/span> or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.<\/i>\n <\/p>\n

Forward Looking Statements<\/p>\n

\n Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in 4Front Ventures’ periodic filings with securities regulators. When used in this news release, words such as “will, could, plan, estimate, expect, intend, may, potential, believe, should,” and similar expressions, are forward-looking statements.<\/i>\u00a0<\/p>\n

\n Forward-looking statements may include, without limitation, statements related to future developments and the business and operations of 4Front, developments with respect to the Commerce<\/span> facility including the expected timeline for construction and opening and the capacity and capabilities of the facility, use of proceeds from the Offering and expectations with respect to the full funding of the facility from such proceeds,<\/i>
\n
\n \u00a0<\/u>
\n <\/i>
\n and other statements regarding future developments of the business. <\/i>\n <\/p>\n

\n Although 4Front Ventures has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in projects which have limited or no operating history and are engaged in activities currently considered illegal under U.S. federal laws; factors related to the COVID-19 pandemic; change in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry; and regulatory or political change, as well as the factors identified in the “Risk Factors” section of the Prospectus.<\/i>\n <\/p>\n

\n There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.<\/i>\n <\/p>\n

\n Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. 4Front disclaims any intention or obligation to update or revise such information, except as required by applicable law.<\/i>\n <\/p>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/4front-ventures-to-complete-185-000-square-foot-manufacturing-facility-in-commerce-california-301179383.html<\/a><\/p>\n

SOURCE 4Front<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire First\u00a0Products\u00a0to Hit\u00a0California\u00a0Shelves\u00a0in\u00a0Q2\u00a02021 \u00a0 PHOENIX, AZ, Nov. 24, 2020 \/PRNewswire\/ –\u00a04Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the\u00a0“Company“)\u00a0is pleased to\u00a0announce\u00a0that\u00a0its fully funded state of the art 185,000 square foot production facility\u00a0in\u00a0Commerce, California is nearing completion and will be ready to serve the $3bCalifornia cannabis market\u00a0in Q2 2021. The project\u00a0is on target to be completed in\u00a0April 2021 with the Company planning for\u00a0the\u00a0first of its full line of edibles, tinctures and vape products to be on California retail shelves by May. Leveraging the market dominating best practices of its Washington facilities, 4Front has successfully introduced its products and brands into Massachusetts, Illinois and soon to be California.\u00a0The\u00a0automated state of the art Commerce facility incorporates unprecedented capacity for finished goods … <\/p>\n

Continue reading “4Front Ventures to Complete 185,000 Square Foot Manufacturing Facility in Commerce, California”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-387575","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n4Front Ventures to Complete 185,000 Square Foot Manufacturing Facility in Commerce, California - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4Front Ventures to Complete 185,000 Square Foot Manufacturing Facility in Commerce, California - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire First\u00a0Products\u00a0to Hit\u00a0California\u00a0Shelves\u00a0in\u00a0Q2\u00a02021 \u00a0 PHOENIX, AZ, Nov. 24, 2020 \/PRNewswire\/ –\u00a04Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the\u00a0“Company“)\u00a0is pleased to\u00a0announce\u00a0that\u00a0its fully funded state of the art 185,000 square foot production facility\u00a0in\u00a0Commerce, California is nearing completion and will be ready to serve the $3bCalifornia cannabis market\u00a0in Q2 2021. The project\u00a0is on target to be completed in\u00a0April 2021 with the Company planning for\u00a0the\u00a0first of its full line of edibles, tinctures and vape products to be on California retail shelves by May. Leveraging the market dominating best practices of its Washington facilities, 4Front has successfully introduced its products and brands into Massachusetts, Illinois and soon to be California.\u00a0The\u00a0automated state of the art Commerce facility incorporates unprecedented capacity for finished goods … Continue reading "4Front Ventures to Complete 185,000 Square Foot Manufacturing Facility in Commerce, California"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-24T13:03:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA01928&sd=2020-11-24\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"4Front Ventures to Complete 185,000 Square Foot Manufacturing Facility in Commerce, California\",\"datePublished\":\"2020-11-24T13:03:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\\\/\"},\"wordCount\":1094,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=VA01928&sd=2020-11-24\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\\\/\",\"name\":\"4Front Ventures to Complete 185,000 Square Foot Manufacturing Facility in Commerce, California - 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(CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the\u00a0“Company“)\u00a0is pleased to\u00a0announce\u00a0that\u00a0its fully funded state of the art 185,000 square foot production facility\u00a0in\u00a0Commerce, California is nearing completion and will be ready to serve the $3bCalifornia cannabis market\u00a0in Q2 2021. The project\u00a0is on target to be completed in\u00a0April 2021 with the Company planning for\u00a0the\u00a0first of its full line of edibles, tinctures and vape products to be on California retail shelves by May. Leveraging the market dominating best practices of its Washington facilities, 4Front has successfully introduced its products and brands into Massachusetts, Illinois and soon to be California.\u00a0The\u00a0automated state of the art Commerce facility incorporates unprecedented capacity for finished goods … Continue reading \"4Front Ventures to Complete 185,000 Square Foot Manufacturing Facility in Commerce, California\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-24T13:03:38+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA01928&sd=2020-11-24","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"4Front Ventures to Complete 185,000 Square Foot Manufacturing Facility in Commerce, California","datePublished":"2020-11-24T13:03:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\/"},"wordCount":1094,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA01928&sd=2020-11-24","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/4front-ventures-to-complete-185000-square-foot-manufacturing-facility-in-commerce-california\/","name":"4Front Ventures to Complete 185,000 Square Foot Manufacturing Facility in Commerce, California - 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