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4Front Ventures Reports Second Quarter 2021 Financial Results and Provides Business Update

4Front Ventures Reports Second Quarter 2021 Financial Results and Provides Business Update

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Systemwide Pro Forma Revenue1 of $34.4 million compared to $31.4 million in Q1 2021, an increase of 85% year over year and 10% over Q1 2021 Q2 2021 Adjusted EBITDA increased 27% sequentially to $7.5 million as compared to Q1 2021, representing an Adjusted EBITDA margin of 22% Navy Capital committed to lead financing of proposed accretive acquisition in core market Reiterated FY2021 guidance for Systemwide Pro Forma Revenue of $170-180 million and Adjusted EBITDA of $40-50 million The Company’s existing licensed projects at maturity represent a long-term revenue and EBITDA opportunity upwards of $650 million and $250 million Conference call to be held today, August 16, 2021 at 5:00 p.m. ET PHOENIX, Ariz.

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