Description of 4front Ventures's Business Segments

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.

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