[PRESS RELEASE] – PHOENIX, June 10, 2025 – 4Front Ventures Corp., a vertically built-in hashish operator, pronounces that, following its in the past introduced U.S. receivership petition, it has made an task into chapter 11 pursuant to the Canadian Chapter and Insolvency Act.
B. Riley Farber has been appointed because the trustee within the Canadian Chapter Lawsuits. Additional data is also acquired from the trustee at [email protected] or at the case webpage www.brileyfarber.com/engagements/4frontventures/.
The primary assembly of collectors can be held by way of Zoom videoconference at 11 a.m. PDT on June 26, 2025.
The corporate introduced on Might 23, 2025, that each one its U.S. subsidiaries filed for a voluntary receivership in help of liquidation underneath the rules of the Commonwealth of Massachusetts.
“The 4Front board made this choice simplest as a final hotel,” Board Chairman Kris Krane stated closing month. “Whilst we consider 4Front’s cultivation and production operations are standouts and its retail shops have discovered thrilling new tactics to interact shoppers, the liabilities at the corporate’s stability sheet coupled with a loss of to be had financing for operations have compelled us to document for a voluntary receivership with a view to pursue an orderly sale of the corporate’s companies.”
