Did you know that carpet wrinkles can be a fall hazard? Once you notice lumps on the surface of your carpet, you should have it stretched right away. Here are some of the top reasons why carpets buckle:
Improper Padding
Low quality carpet and padding may save you some money up front, but in the long run, it can cost you. It is a good idea to check the manufacture’s specifications for padding. This will vary depending on the type of carpet you purchase.
For example, if you are purchasing a cut pile carpet, you will want padding that is no greater than seven-sixteenths of an inch thick and no less than a six-pound density. Again, check with the manufacturer for the specs for your specific carpet. Selecting the improper padding can void the manufacturer’s warranty and lead to your carpet becoming wrinkled and rippled.Source:AngiesList
Heavy foot traffic or furniture
A carpet with no cuts or damage can still require a stretching. If you look down at the carpet, it may have visible lumps and wrinkles from years of use. For example, moving a long-standing piece of heavy furniture to another area can cause the carpet to warp in the original area. Lumps and wrinkles will appear throughout the rest of the carpet body in response to furniture and foot traffic. If necessary, you can crouch down and look at the top of the carpet; if it looks like a bumpy, mountainous surface, it will require stretching.Source:HomeGuides.SFGate
Water Damage
Just as too much moisture in the air can cause a carpet to buckle, so can too much moisture in the carpet itself. Carpet that has become overly wet, as the result of flooding or improper steam cleaning, is extremely susceptible to stretching. Because of the risk associated with over wetting, it is advisable to have your carpets professionally cleaned, rather than doing it yourself with a rented machine.Source:TheSpruce
Let us help you avoid any accidents by re-stretching your carpet back to its pristine condition. Call us today to book an appointment!
Company receives special use permit for additional Illinois retail location
Mission South Chicago will reopen with a rededication rally on Friday, July 31 at 9AM CT
PHOENIX, Ariz., July 30, 2020 – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company“) continues to focus its efforts in the Illinois market and is pleased to announce that its Mission dispensary located in Chicago’s South Chicago neighborhood will re-open to patients and customers on July 31, 2020. The store was temporarily closed on May 31st as the result of looting in the wake of the recent protests and unrest in Chicago.
Previously known as Mission South Shore, the dispensary will be renamed Mission South Chicago upon reopening as a dedication to the local community that has embraced and supported the retail location since its opening as a medical dispensary in 2017. Mission South Chicago, located at 8554 S. Commercial Ave., is the only cannabis retail store on the city’s Southeast Side.
“The reopening of Mission is not only a pivotal moment for our company but also the South Chicago community which has been incredibly generous in their support during this rebuilding process. South Chicago has long been overlooked and underserved and it was important for us to demonstrate that we are fully committed to being a contributing member of the community, and a part of the ongoing economic development in the neighborhood,” said 4Front and Mission President Kris Krane. “It is a testament to the drive and dedication of our staff that we are able to reopen our doors so quickly. We are grateful to serve this community and will not be deterred as we push forward in our mission to build a unique and inspiring place for our neighbors as the headquarters for all things cannabis.”
As part of the reopening, Mission South Chicago will be holding a rededication rally at the store beginning on Friday July 31st at 9 a.m. CT featuring community members and local officials. Speakers at the event will include:
State Representative. Kelly Cassidy (IL-14)
State Representative Kam Buckner (IL-26)
State Senator Robert Peters (IL-13)
Chicago Deputy Mayor Paul Stewart
Gabriel Mendoza, Vice President of Operations of Mission South Chicago
Following the rally, Mission South Chicago will officially reopen its doors to patients and customers at 10 a.m. CT.
Illinois Expansion Update
In addition to this reopening, 4Front is pleased to announce that it received its special use permit on July 22nd for an additional retail location in Calumet City, Illinois. The Company has submitted building plans to local officials and expects to break ground in the coming weeks, with the goal of opening its second Illinois retail location in Q4 2020.
To receive company updates and be added to the email distribution list please sign up here.
About 4Front Ventures Corp.
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, Funky Monkey, Pebbles, and the Pure Ratios wellness collection, distributed through retail outlets and their chain of strategically positioned Mission branded dispensaries.
Headquartered in Phoenix, Arizona, 4Front has operations in Illinois, Massachusetts, California, Michigan and Washington state. 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 www.4frontventures.com.
4Front Investor Contacts Andrew Thut, Chief Investment Officer IR@4frontventures.com
602-633-3067
Phil Carlson / Elizabeth Barker 4FrontIR@kcsa.com
212-896-1233 / 212-896-1203
4Front Media Contacts
Anne Donohoe / Nick Opich
KCSA Strategic Communications adonohoe@kcsa.com / nopich@kcsa.com
212-896-1265 / 212-896-1206
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.
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. 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 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.
Forward Looking Statements
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.
Forward-looking statements may include, without limitation, statements related to future developments and the business and operations of 4Front Ventures, developments with respect to legislative developments in the United States, expectations regarding the COVID-19 pandemic, future revenue or Adjusted EBITDA expectations, statements regarding when or if any contemplated or in-progress transactions will close or if/when required regulatory approvals are attained, and other statements regarding future developments of the business. The closing of the transactions described in this news release, including the divesture of Pennsylvania and Maryland assets and the sale of convertible debt, is subject to customary conditions and there can be no guarantee that such transactions will close.
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 target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under U.S. federal laws; 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.
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. 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 Ventures disclaims any intention or obligation to update or revise such information, except as required by applicable law, and 4Front Ventures does not assume any liability for disclosure relating to any other company mentioned herein.
The strata owners of this eight floor, 1989 built condo building in Lower Lonsdale are undertaking an exterior repaint and colour change. Council provided owners with sample mock-ups of the colour options on the building so they could preview them before they made their final decision. You can see the modern greys that were selected already being applied to the higher areas on the left.
The Remdal team is carefully moving ahead with building cleaning and various concrete repairs using swing stages. COVID safety protocols continue to be a priority including twice daily temperature check and physical distancing.
Over the summer, we will see the dramatic transition from pastels to a modern, grey scheme that will rejuvenate and refresh this property.
This was an early season exterior painting & wood repair project across multiple buildings in Walnut Grove with a great deal of safe access requirements, including boom lifts, scaffolding, and traffic control.
It was a complicated project to coordinate but preparation and cooperation was rewarded with great results and an extremely happy group of strata council members and owners.
There were various challenging access areas but the project manager and foremen worked together to find the best solutions for the project and the strata. A great example of Your Project Done Right.
If you have a project that needs the right approach to access and traffic control challenges then contact us here, or at info@remdal.com or 604.882.5155.
It was time to change the colour on this three level commercial building painting project in Port Moody from yellow to modern grey tones.
The project was not without challenges. Boom lift access required extensive traffic control and permits. And close proximity to the hydro lines meant additional planning and coordination with BC Hydro and their contractor for cloaking of wires.
The team takes a short break but still maintains their physical distancing and COVID safety protocols.
Later in the project you can more clearly see final results. More great projects can be found here.
Maintaining a home is a chore, but being consistent with it can actually help you save thousands of dollars on repairs. As a homeowner, it’s best to avoid doing the following:
Ignoring leaks
The smallest plumbing leak can compound over time and lead to a costly repair. Water damagecan cause hardwood and laminate floors to warp, create a breeding ground for mold and mildew, and stain walls and ceilings.
If you suspect your pipes are leaking, you need to call a plumber to get the problem fixed before it leads to even bigger plumbing problems.
The same is true for roof leaks.If you notice any water dripping or stains on your ceiling, call a roofer to assess the situation. Source:AngiesList
Underestimating the project
Installing your own carpeting, hardwood, or ceramic tile may seem like an accessible DIY project, but it’s not as easy as it looks. You could run into rotted subfloor under the old flooring, or your measurements could be off by just a bit, leaving you with a floor that looks bad—or worse, one that’s not structurally sound. Source:BobVila
Damaging surfaces with incorrect cleaning supplies
Using these products in the wrong places could permanently damage fixtures and surfaces in your home:
Vinegar: People prefer using vinegar to clean their homes because it’s cheap and natural, but it can’t be used to clean all surfaces in your home. Using vinegar on surfaces like marble and limestone will dull it. Similarly, cleaning hardwood with vinegar can damage the finish. Do your research before scrubbing everything with a homemade vinegar solution.
Liquid drain cleaner: Liquid drain cleaners can be a godsend when it comes to pesky clogs, but it must be used sparingly. If your home has older pipes or pipes made of PVC, there’s a chance the cleaner will eat through those as well, leading to expensive leaks and repairs.
Magic erasers: These handy sponges are perfect for removing scuff marks from walls, but scrubbing them on the wrong surfaces will magically remove sealants and finishes. Avoid using them on stone surfaces, stainless steel, hardwoods, and screens in your home.Source:HomeLight
Carpet problems are difficult to deal with if you don’t have the right tools. And renting the equipment can be just as pricey as hiring a contractor. If you want a cheaper and a more hassle-free solution to your carpet needs, give us a call!
Do you hate the outdated carpet in your home, but can’t just rip it out because you’re only renting? Here are some things you can do to improve its look:
Have it deep cleaned
Check your landlord’s policy on how often cleaning is done. Most will guarantee that they are cleaned between tenants, and some have an additional every two year policy. So if you’re just moving in, do a sight and smell check (as in get down on your hands and knees and sniff!) to make sure they are in decent condition before unpacking all your gear. If your landlord refuses to step up to the cleaning plate, it’s worth shelling out the money to have it done yourself. If smells persist try back peeling back the carpet in an inconspicuous spot to check the carpet pad, which is often the source of the problem since it can’t be cleaned. If there is a serious layer of dirt-like substance, it might be the case that the carpet pad has broken down, in which case it’s back to the landlord.Source:ApartmentTherapy
Use an area rug
Cover all — or at least most — of that ugly carpet using an area rug. One large area rug per room can cover a majority of the carpeting beneath it. If the original carpeting still shows around the perimeter of the room, select rugs that contain neutrals or colors that coordinate with the original floor covering. For instance, if the carpeting is dark green, a beige area rug with a thin green line or vine pattern makes the carpet look a little less hideous. You can also make your own area rug large enough to fit the room by purchasing a carpet remnant, binding the edges with carpet binding and seam tape.Source:Hunker
Dye the carpet new
Covering, hiding, and camouflaging are great ways to salvage a distasteful carpet that you can’t replace, but there are other approaches you can take. For example, you can dye your carpet to restore faded color, fix spot and stains, or even change the color to a different shade or hue. Before considering this solution, make sure your carpet is made of the right fabric. Nylon and wool carpets can be dyed, but polyester, acrylic, and polypropylene cannot. While dyeing a carpet yourself will be lighter on the wallet, the project could have mixed results. For a quality finish, think about hiring a professional, which should set you back about a third of the cost of having the carpet replaced.Source:BobVila
We can help make any dingy carpet look new again. Call us for a free estimate!
Q1 2020 Systemwide Pro Forma Sales of $23.7m, an increase of 36% over Q4 2019.
Robust consumer demand continues across all operating markets despite COVID-19.
Company reaches final resolution with the Massachusetts Cannabis Control Commission with respect to legacy regulatory issues. The Company expects the agreement will clear the path for recreational licensing of its Massachusetts locations.
Funded expansion plans underway in both Massachusetts and Illinois production facilities expected to be completed by Q4 2020.
Company remains on pace to be cash flow positive in 2H 2020 and poised to show significant operating leverage in 2021.
Company is in progressive discussions to strengthen its balance sheet through a financing/sale leaseback of its affiliated facilities in Washington state.
PHOENIX, Ariz., July 14, 2020 – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company”) today announced its financial results for the First Quarter of 2020.
First Quarter 2020 Financial Results Highlights
Total Systemwide Pro Forma Sales for the first quarter 2020 increased 36% quarter-over- quarter to $23.7m.
IFRS Sales for the first quarter of 2020 increased 37% quarter-over-quarter to $17.7m.
Gross profit for the first quarter was $9.7m.
Adjusted EBITDA for the first quarter was a loss of $2.8m.
Business Update
Robust consumer demand continues across all operating markets despite COVID-19. All states where the Company operates have deemed cannabis operations as “essential businesses” during the pandemic.
Company reaches a resolution with the Massachusetts Cannabis Control Commission with respect to legacy regulatory issues. The Company expects the agreement will clear the path for recreational licensing of its Massachusetts locations.
Funded expansion plans underway in both Massachusetts and Illinois production facilities expected to be completed by Q4 2020. These upgrades represent Phase 1 of the Company’s expansion plans in two of its core markets which are expected to double the output of its Georgetown, Massachusetts facility and more than triple current output in Illinois.
Company remains on pace to be cash flow positive in 2H 2020 and is poised to show significant operating leverage in 2021. Having reduced corporate overhead expense by over 40%, the Company anticipates generating positive cash flow commensurate with final recreational licensing in Massachusetts and producing positive adjusted EBITDA in 2020.
Washington Financing/Sale Leaseback Update. As of May 31, 2020, 4Front’s balance sheet had cash and equivalents of $11.5m with total debt of $80.1m (excluding in-the-money convertible debt of $5.8m). The Company owns and controls highly attractive real estate in Washington state consisting of 176,000 square feet of state-of-the-art industrial space built for cultivation, production and distribution. The assets are encumbered by senior secured debt associated with Gotham Green Partners. A financing/sale and leaseback of these assets is expected to remove senior secured debt from its capitalization table, giving the Company flexibility to more freely pursue non or minimally dilutive project financing options. The Company is in progressive discussions with multiple partners on this transaction.
Management Commentary
Leo Gontmakher, CEO of 4Front, said, “Entering 2020, we have been laser-focused on leaning out and replicating our low-cost cultivation and production model in targeted states. We left the first quarter with a focused business model, streamlined cost structure and fortified balance sheet that has set the stage for us to accelerate growth across our core markets of Washington, Illinois, Massachusetts, Michigan and California.
Mr. Gontmakher added: “We are ecstatic to have reached resolution with the Massachusetts Cannabis Control Commission as it clears the way for our long-awaited approvals for adult-use licensing in the state. We continue to execute on our plans to not only flip to cash flow positive this year, but to set the stage to exit this year in a position to drive meaningful operating leverage in our business. With funded expansion already underway in Massachusetts and Illinois, we look forward to commencing construction of our Commerce, California facility before the end of the year. We are proving that our success in Washington can be replicated in every state in which we operate and are extremely confident in how the company is positioned as we enter this new season.”
(Please see Note Regarding Non-IFRS Measures, Reconciliation, and Discussion below.) (*Please see the Financial Statement section below, and the Company’s First Quarter 2020 Unaudited Condensed Consolidated Financial Statements and Management Discussion and Analysis (“MD&A”), available under the Company’s SEDAR profile, for more information.)
Additional Details
As of the date of the MD&A, there were the equivalent of 506,379,437 Class A Subordinate Voting Shares outstanding when calculated as if all share classes were converted to Subordinate Voting Shares. For further details regarding 4Front’s share structure, please see its profile at www.thecse.com.
Conference Call
The Company will also host a conference call and webcast on Tuesday, July 14, 2020 at 5:00 p.m. EDT to review its operational and financial results and provide an update on current business trends.
To join the call, dial 1-877-407-0792 toll free from the United States or Canada or 1-201-689-8263 if dialing from outside those countries. The webcast, which will include a slide deck, can be accessed at this link.
The call will be available for replay until Tuesday, July 21, 2020. To access the telephone replay, dial 844-512-2921 toll free from the United States and Canada, or 1-412-317-6671 if dialing from outside those countries, and use this replay pin number: 13706966.
Financial Statements
The condensed consolidated interim financial statements for the three months ended March 31, 2020 and 2019, have been prepared in accordance with IAS 34 – Interim Financial Reporting. These statements have not been reviewed by an auditor.
Note Regarding Non-IFRS Measures, Reconciliation, and Discussion
In this press release, 4Front refers to certain non-IFRS financial measures such as Systemwide Pro Forma Revenue and Adjusted EBITDA. These measures do not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other issuers. 4Front defines Systemwide Pro Forma Revenue as total revenue plus revenue from entities with which the Company has a management contract, or effectively similar relationship (net of any management fee or effectively similar revenue) but does not consolidate the financial results of per IFRS 10 – Consolidated Financial Statements. 4Front considers this measure to be an appropriate indicator of the growth and scope of the business.
Adjusted EBITDA is defined by the Company as earnings before interest, taxes, depreciation and amortization less share-based compensation expense and one-time charges related to acquisition and financing related costs, excluding fair value adjustments for biological assets. 4Front considers these measures to be an important indicator of the financial strength and performance of our business. The following tables provide a reconciliation of each of the non-IFRS measures to its closest IFRS measure.
About 4Front Ventures Corp.
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, Funky Monkey, Pebbles, and the Pure Ratios wellness collection, distributed through retail outlets and their chain of strategically positioned Mission branded dispensaries.
Headquartered in Phoenix, Arizona, 4Front has operations in Illinois, Massachusetts, California, Michigan and Washington state. 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
4Front Investor Contacts
Andrew Thut, Chief Investment Officer IR@4frontventures.com 602-633-3067
Phil Carlson / Elizabeth Barker 4FrontIR@kcsa.com 212-896-1233 / 212-896-1203
4Front Media Contacts
Anne Donohoe / Nick Opich
KCSA Strategic Communications adonohoe@kcsa.com / nopich@kcsa.com 212-896-1265 / 212-896-1206
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.
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. 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 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.
Forward Looking Statements
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.
Forward-looking statements may include, without limitation, statements related to future developments and the business and operations of 4Front Ventures, developments with respect to legislative developments in the United States, expectations regarding the COVID-19 pandemic, future revenue or Adjusted EBITDA expectations, statements regarding when or if any contemplated or in-progress transactions will close or if/when required regulatory approvals are attained, and other statements regarding future developments of the business. The closing of the transactions described in this news release, including the divesture of Pennsylvania and Maryland assets and the sale of convertible debt, is subject to customary conditions and there can be no guarantee that such transactions will close.
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 target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under U.S. federal laws; 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.
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.
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 Ventures disclaims any intention or obligation to update or revise such information, except as required by applicable law, and 4Front Ventures does not assume any liability for disclosure relating to any other company mentioned herein.
PHOENIX, Ariz., July 13, 2020 – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company”) today announces it plans to issue its fiscal first quarter 2020 earnings press release on Tuesday, July 14, 2020, after U.S. markets close, commensurate with the filing of its unaudited financial results.
The Company will also host a conference call and webcast on Tuesday, July 14, 2020, at 5:00 p.m. EDT to review its operational and financial results and provide an update on current business trends.
To join the call, dial 1-877-407-0792 toll free from the United States or Canada or 1-201-689-8263 if dialing from outside those countries. The webcast, which will include a slide deck, can be accessed at this link.
The call will be available for replay until Tuesday, July 21, 2020. To access the telephone replay, dial 844-512-2921 toll free from the United States and Canada, or 1-412-317-6671 if dialing from outside those countries, and use this replay pin number: 13706966.
To receive company updates and be added to the email distribution list please sign up here.
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About 4Front Ventures Corp.
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, Funky Monkey, Pebbles, and the Pure Ratios wellness collection, distributed through retail outlets and their chain of strategically positioned Mission branded dispensaries.
Headquartered in Phoenix, Arizona, 4Front has operations in Illinois, Massachusetts, California, Michigan and Washington state. 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 www.4frontventures.com.
4Front Investor Contacts
Andrew Thut, Chief Investment Officer IR@4frontventures.com
602-633-3067
Phil Carlson / Elizabeth Barker 4FrontIR@kcsa.com
212-896-1233 / 212-896-1203
4Front Media Contacts
Anne Donohoe / Nick Opich
KCSA Strategic Communications adonohoe@kcsa.com / nopich@kcsa.com
212-896-1265 / 212-896-1206
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.
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. 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 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.
Forward Looking Statements
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.
Forward-looking statements may include, without limitation, statements related to future developments and the business and operations of 4Front Ventures, developments with respect to legislative developments in the United States, expectations regarding the COVID-19 pandemic, future revenue or Adjusted EBITDA expectations, statements regarding when or if any contemplated or in-progress transactions will close or if/when required regulatory approvals are attained, and other statements regarding future developments of the business.
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 target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under U.S. federal laws; 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.
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.
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 Ventures disclaims any intention or obligation to update or revise such information, except as required by applicable law, and 4Front Ventures does not assume any liability for disclosure relating to any other company mentioned herein.
If you’ve been thinking for a while whether it’s time to install new carpet at home, you might want to look out for these signs:
Irregularities in shape
If your carpet’s pile once stood tall but now looks flat and matted in some areas no matter how hard you try to remedy the situation, the carpet may be past its prime. Polyester and olefin fibers are prone to matting, especially in the areas walked upon the most. Even Berber carpeting made from looped fibers may succumb to matting over time. If you’ve cleaned, combed and done all you could to fluff old carpeting back up, but nothing seems to help, it’s time to replace the carpet. A carpet that seems stretched beyond its original shape, creating ripples, warps and tripping points throughout the room, is also ready for replacement.Source:Hunker
Allergies getting worse
It can be difficult to remove dust, pet dander and pollen that embeds in carpet fibers over time. If you or your loved ones notice more sneezing, itchy eyes or coughing, it may be that the problem is beneath your feet. The Mayo Clinic recommends using a vacuum with a high-efficiency particulate air (HEPA) filter or opting for linoleum or hardwood if you’re truly concerned.Source:SeattleTimes
Foul odor despite deep cleaning
If you notice that deep cleans just aren’t banishing the bad smells, that likely means the issue isn’t in your carpet alone — it could be in the padding or floor beneath the carpet. How you handle the problem depends on the type of smell. If your pet is the root cause of the issue, you’ll likely need a full replacement. If you notice a musty smell, that could mean you have a water or mold problem. In that case, carpet replacement may be necessary after a mold remediation specialist takes a look at things.Source:HomeGuides.SFGate
If you’re still a little hesitant due to the price tag that comes with replacing your old carpet, give us a call and let’s see whether we can still make it look like new!
Settlement Clears Way for Company to Seek Final Adult-Use Licensure
PHOENIX, Ariz., July 9, 2020 – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company“) announced that it has reached an agreement with the Massachusetts Cannabis Control Commission (CCC) to resolve all legacy regulatory issues related to its acquired Georgetown Mission facility.
“Once the Company understood the violations, we worked quickly to correct them and have implemented procedures to prevent them from happening again,” said Leo Gontmakher, CEO, 4Front Ventures. “We are happy to be through the process and appreciate the CCC’s diligence. Patients were protected and no one was harmed.”
Mr. Gontmakher continued, “We thank the Massachusetts Cannabis Control Commission for working together with us on resolving all outstanding issues. We have a common goal of putting the health and safety of Massachusetts patients first and we are excited to move forward to the final steps of the process to open for adult-use customers.”
To be added to the email distribution list, please email 4FrontIR@kcsa.com with “4Front” in the subject.
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About 4Front Ventures Corp.
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, Funky Monkey, Pebbles, and the Pure Ratios wellness collection, distributed through retail outlets and their chain of strategically positioned Mission branded dispensaries.
Headquartered in Phoenix, Arizona, 4Front has operations in Illinois, Massachusetts, California, Michigan and Washington state. 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 www.4frontventures.com.
4Front Investor Contacts
Andrew Thut, Chief Investment Officer IR@4frontventures.com
602-633-3067
Phil Carlson / Elizabeth Barker 4FrontIR@kcsa.com
212-896-1233 / 212-896-1203
4Front Media Contacts
Anne Donohoe / Nick Opich
KCSA Strategic Communications adonohoe@kcsa.com / nopich@kcsa.com
212-896-1265 / 212-896-1206
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.
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. 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 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.
Forward Looking Statements
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.
Forward-looking statements may include, without limitation, statements related to future developments and the business and operations of 4Front Ventures, developments with respect to legislative developments in the United States, expectations regarding the COVID-19 pandemic, future revenue or Adjusted EBITDA expectations, statements regarding when or if any contemplated or in-progress transactions will close or if/when required regulatory approvals are attained, and other statements regarding future developments of the business. The closing of the transactions described in this news release, including the divesture of Pennsylvania and Maryland assets and the sale of convertible debt, is subject to customary conditions and there can be no guarantee that such transactions will close.
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 target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under U.S. federal laws; 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.
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.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 Ventures disclaims any intention or obligation to update or revise such information, except as required by applicable law, and 4Front Ventures does not assume any liability for disclosure relating to any other company mentioned herein.
