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4front Ventures's Business Segments
4front Ventures's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q3 FY2024
Reportable Segments
3
Largest Segment
Massachusetts
Total Revenue
$ 17
Regions Reported
-
Revenue Share by Reportable Segment - Q3 FY2024
- Massachusetts46%
- Illinois42.3%
- Corporate11.6%
Revenue by Reportable Segment - Q3 FY2024
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Massachusetts | $ 8 | 46% |
| Illinois | $ 7 | 42.3% |
| Corporate | $ 2 | 11.6% |
Description of 4front Ventures
4front Ventures Corp is a vertically integrated cannabis company that operates in the United States. With its headquarters in Phoenix, Arizona, the company focuses on developing, owning, and operating high-quality cultivation, production, and retail assets in strategic markets across the country.
In terms of cultivation, 4front Ventures utilizes advanced cultivation and growing techniques to produce premium cannabis flowers and other cannabis-based products. The company is known for its state-of-the-art, environmentally-friendly cultivation facilities that prioritize energy efficiency and sustainability.
In addition to cultivation, 4front Ventures is involved in cannabis production and processing. They have specialized extraction and manufacturing facilities to produce a wide range of cannabis-infused products such as oils, tinctures, edibles, and topicals. The company is committed to maintaining the highest standards of quality and safety in its production processes.
4front Ventures also operates a network of retail dispensaries, offering a diverse selection of cannabis products to customers. The company focuses on creating a welcoming and educational environment for consumers, with well-trained staff members who can provide guidance and recommendations based on individual needs and preferences.
One notable aspect of 4front Ventures is its strategic approach to business expansion. The company actively seeks opportunities to expand its operations into new markets through acquisitions and partnerships. They aim to establish a strong presence in states with favorable cannabis regulations and significant market potential.
Moreover, 4front Ventures places a strong emphasis on complying with regulatory requirements and maintaining strict governance standards. They work closely with local and state authorities to ensure compliance with all applicable laws and regulations governing the cannabis industry.
Overall, 4front Ventures Corp is a leading cannabis company that operates across various stages of the cannabis value chain. Through its cultivation, production, and retail operations, the company aims to provide high-quality cannabis products to consumers while maintaining a strong focus on sustainability and compliance.
In terms of cultivation, 4front Ventures utilizes advanced cultivation and growing techniques to produce premium cannabis flowers and other cannabis-based products. The company is known for its state-of-the-art, environmentally-friendly cultivation facilities that prioritize energy efficiency and sustainability.
In addition to cultivation, 4front Ventures is involved in cannabis production and processing. They have specialized extraction and manufacturing facilities to produce a wide range of cannabis-infused products such as oils, tinctures, edibles, and topicals. The company is committed to maintaining the highest standards of quality and safety in its production processes.
4front Ventures also operates a network of retail dispensaries, offering a diverse selection of cannabis products to customers. The company focuses on creating a welcoming and educational environment for consumers, with well-trained staff members who can provide guidance and recommendations based on individual needs and preferences.
One notable aspect of 4front Ventures is its strategic approach to business expansion. The company actively seeks opportunities to expand its operations into new markets through acquisitions and partnerships. They aim to establish a strong presence in states with favorable cannabis regulations and significant market potential.
Moreover, 4front Ventures places a strong emphasis on complying with regulatory requirements and maintaining strict governance standards. They work closely with local and state authorities to ensure compliance with all applicable laws and regulations governing the cannabis industry.
Overall, 4front Ventures Corp is a leading cannabis company that operates across various stages of the cannabis value chain. Through its cultivation, production, and retail operations, the company aims to provide high-quality cannabis products to consumers while maintaining a strong focus on sustainability and compliance.
The registrant operates two reportable business segments: THC Cannabis and CBD Wellness. The THC Cannabis segment comprises five cannabis dispensaries under the MISSION brand located in Massachusetts and Illinois, three cultivation and production facilities in Massachusetts, and one cultivation and production facility in Illinois. The company produces most products sold at its MISSION dispensaries in these states. The CBD Wellness segment includes Pure Ratios Holdings, Inc., a wholly owned subsidiary that sells non-THC CBD wellness products across the United States. The company has recently acquired Euphoria, LLC and Westside Visionaries, LLC, both holding conditional adult-use dispensary licenses in Illinois, pending regulatory approval. The company discontinued its THC cannabis cultivation and production operations in California during the fiscal quarter ended September 30, 2023, classifying related assets and liabilities as discontinued operations. Additionally, the company sold its retail dispensary in Ann Arbor, Michigan.