4Front Ventures Enters into US$30 Million Sale-Leaseback Transaction Agreements

PHOENIX, October 27, 2020 – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company“) announced today that it has entered into definitive purchase and sale agreements with an affiliate of Innovative Industrial Properties, Inc., (IIPR) providing for the sale and leaseback of 4Front’s cultivation and production facilities in Tumwater, WA and Georgetown, MA (the “Transaction”).

The all cash sale price of US$30 million will be used by the Company to pay down the outstanding senior secured debt obligation to affiliates of Gotham Green Partners, and for other general corporate purposes. The Transaction is subject to various closing conditions, including standard property/title inspections and appraisals and is scheduled to close in early December.

“Entering this sale-leaseback transaction marks a significant milestone in our stated strategy to further strengthen our balance sheet, providing us greater flexibility to fund our growth initiatives.  The successful closing of this transaction positions us well as we enter 2021, with our laser focus on profitable growth within our core markets of Massachusetts, Illinois, California, Washington and Michigan,” said Leo Gontmakher, CEO of 4Front.

In accordance with the terms of the transaction, 4Front will occupy the Tumwater, WA and Georgetown, MA facilities pursuant to 20-year lease agreements, with two 5-year extensions exercisable at 4Front’s discretion. 4Front anticipates no disruption to its operations as a result of the Transaction.

The Company determined that an immediate announcement was appropriate given the material nature of the Transaction, and the Company’s binding nature of its obligations under the purchase and sale agreements.

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.

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, statements regarding when or if transactions will close or if/when required conditions to closing are attained, the impact of the transactions on the business of 4Front and other statements regarding future developments of the business. The closing of the transactions described in this news release 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 satisfying closing conditions, [obtaining regulatory approvals]; and engagement 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 post 4Front Ventures Enters into US$30 Million Sale-Leaseback Transaction Agreements appeared first on 4Front.

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5 Things You Must Do to Prevent Carpet Beetles from Coming Back

Have you started to notice bald patches on your carpet’s surface? The culprit might be the tiny insects that feed on its fibers. Get rid of them and stop future infestations by doing these simple tricks:

Keep your pet’s area clean

Furry pets are the first choice of carpet beetles. They feed on the dead skin of your pets and use their body as their hiding place. If you spot any carpet beetles on your pet’s bedding, clean and wash it in hot water to kill larvae or eggs. Don’t forget to give your pet a shampoo bath.

Don’t store fabrics or cloths for extended period

You must regularly clean and wash cloths, fabrics, rugs and carpets in hot water or dry clean them. This is particularly applicable for cloths and fabrics which were not used for some time. Source: DoItYourself

Watch out for dead bugs

Constantly be on the lookout for dead insects in the cracks of the walls and flooring of your home. Try removing dead bugs by vacuuming over them or picking them up with a paper towel. Cracks are one of the more subtle living spaces that carpet beetles can thrive within.

Go synthetic

Choose synthetic materials over organic fabrics when possible. Get products made of synthetic fibers instead of natural ones as often as you can. Carpet beetles don’t feed on synthetic fabric. Keep this in mind when purchasing furniture, rugs, and carpets. Source: WikiHow

Sprinkle boric acid

Boric acid, which acts as a poison on insect metabolism, is only hazardous to humans if ingested or inhaled in large quantities. Find it at pharmacies and sprinkle it in powder form lightly and evenly on carpet, then use a broom or brush to distribute it into the fibers. Wait several hours and vacuum thoroughly. You may also prepare a larvae-killing spray by adding one tablespoon of boric acid to two cups of hot water and stirring until the powder dissolves. Fill a plastic spray bottle with the solution and mist curtains, upholstery, baseboards, and dark nooks and crannies where carpet beetle larvae hang out. Source: BobVila

Let us help you repair those ugly spots on the carpet so you won’t have to look at them anymore. Call us anytime to get a free estimate!

The post 5 Things You Must Do to Prevent Carpet Beetles from Coming Back appeared first on Curlys Carpet Repair.

Improving painting skills – training never stops

We believe you never stop learning, which means our training never stops.

Recently our Growth & Training manager, Nestor, put 2 skilled foremen, 8 employees, and one older house together to give valuable training. We specialize in managed properties, so work on this single family home was an exception for training purposes. Nestor S and Jordan provided key skills training for proper surface preparation, priming, and painting. The challenges of COVID-19 and work scheduling delayed this training opportunity until fall.

Jordan brought his focus on details to the training, showing how small improvements like properly holding a brush helps create a clean line between soffits and siding, what’s known as ‘cutting in’. Painting paneled entry doors is a unique skill that takes patience and learning the right order to paint each component.

Using our know-show-do training method each employee had a chance to hear how to use a sprayer safely, see Nestor S spray a section, and then try their hand at spraying the siding of the house. With Nestor’s feedback, each one gained confidence and the first level of competence.

As an added bonus, we were able to provide the work at no charge, with valuable donations from Cloverdale Paint and Dulux Paints. And a shout out to Tony Orantes for many hours of hard work to help make this happen.

A big thanks to all of those involved for giving their time and effort. One small way we can give back to the communities in which we work, serving others and bringing beauty and renewal.

 

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4Front Ventures Corp. Announces C$15 Million Bought Deal Public Offering

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

PHOENIX, AZ – October 20, 2020 – 4Front Ventures Corp. (“4Front” or the “Company”) (CSE:FFNT) (OTCQX:FFNTF) is pleased to announce that it has entered into an agreement with Beacon Securities Limited (“Beacon” or the “Lead Underwriter”), on behalf of a syndicate of underwriters (together with the Lead Underwriter, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 21,430,000 units (the “Units”) in the capital of the Company at a price of C$0.70 per Unit (the “Offering Price”) for aggregate gross proceeds to the Company of C$15,001,000 (the “Offering”). (All figures are in Canadian dollars unless otherwise stated).

Each Unit shall consist of one Class A subordinate voting share (a “Unit Share”) in the capital of the Company and one-half (1/2) of one Class A subordinate voting share purchase warrant (each whole warrant, a “Warrant”) of the Company. Each whole Warrant shall entitle the holder thereof to acquire one Class A subordinate share of the Company (a “Warrant Share”) at an exercise price per Warrant Share of C$0.90 for a period of 24 months from the Closing Date (as defined below).

The closing of the Offering is expected to occur on or about November 12, 2020 (the “Closing Date”) and is subject to the completion of formal documentation and receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange. The net proceeds from the Offering will be used for working capital and general corporate purposes.

The Company has granted the Underwriters an option (the “Over-Allotment Option”), exercisable, in whole or in part, by Beacon, on behalf of the Underwriters, giving notice to the Company at any time and from time to time up to 30 days following the Closing Date, to purchase, or to find substituted purchasers for, up to an additional number of Units equal to 15% of the number of Units sold pursuant to the Offering at the Offering Price to cover over-allotments, if any, and for market stabilization purposes. The Over-Allotment Option shall be exercisable for Units, Unit Shares or Warrants (or any combination thereof).

The Units to be issued under the Offering will be offered by way of a short form prospectus to be filed in each of the Provinces of Canada, other than Quebec, and by private placement to eligible purchasers resident in jurisdictions other than Canada that are mutually agreed by the Company and Beacon, provided that no prospectus filing or comparable obligation arises and the Company does not therefore become subject to continuous disclosure obligations in such jurisdiction.

The Units, Shares and Warrants being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (“U.S. Securities Act”) and may not be offered or sold in the United States or to, or for the account or benefit of, “U.S. persons” (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements. The Units may be offered in the United States to Qualified Institutional Buyers (as defined in Rule 144A under the U.S. Securities Act) pursuant to exemptions from the registration requirements under rule 144A of the U.S. Securities Act. This news release will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

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

Cautionary Note Regarding Forward-Looking Information
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, the proposed Closing Date of the Offering, the listing of 4Front Ventures’ securities on the CSE, and other statements regarding future developments of the business and the Offering. The closing of the Offering is subject to customary conditions, including the negotiation and filing of customary documentation, and there can be no guarantee that the Offering 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 (including from the CSE and securities regulatory bodies); 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 post 4Front Ventures Corp. Announces C$15 Million Bought Deal Public Offering appeared first on 4Front.

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Replacing Your Carpet? Here Are 4 Ways to Reuse the Old One

Installing new carpet does not necessarily mean that you’re ditching the old one straight to the recycling facility. If you want other eco-friendlier ideas that you could use at home, here are some tips to consider:

Single-use beds for your fur baby

We sure do love them, but those furry friends at home can make quite a mess in their living space. While buying new beds and mats can become pricey over time, a quick and easy, money-saving solution is to cut up a few squares of your old carpet to change in and out of their pens or bedding.

Durable car floor covers

No matter what kind of vehicle you are driving these days, consider cutting up your floor covering to use as mats inside your car. Help protect your existing mat by placing a freshly cut square on top. Plus, during the worst of weather seasons, which are always just around the corner, your old carpet will take the beating, leaving your car flooring unscathed. Source: RecycleNation

Welcome mat

Old carpets make the perfect material to create a new door mat. Cut the carpet into the size and shape you desire for a door mat. Then, you can even paint the carpet with latex paint in order to give it a whole new look. Use stencils to personalize it as needed. These even make great gifts for friends and family members moving into a new home, or you can easily create a holiday themed door mat on the cheap this way. Source: DoItYourself

Garage wall cushion

If you’ve been known to park a little too close to the wall of your garage, attach a strip of carpet to the wall so that you don’t ding up your car door when you swing it open. A simple solution to what could have otherwise been an expensive car repair. Source: LittleThings

Are you thinking twice about replacing your old carpet? We can still probably make it look as good as new. Let us take a look! Give us a call today for a free estimate.

The post Replacing Your Carpet? Here Are 4 Ways to Reuse the Old One appeared first on Curlys Carpet Repair.

Carpet Scams to Watch Out For

There are good and bad people in any industry or market. No matter how strict the regulations are, you have to be wary and cautious with every deal you’re signing so as to avoid getting ripped off. Keep your eyes peeled for the following scams when you’re buying carpet or having it installed.

Overpriced Quotations

You call a professional to give you a quote for your carpet installation. He starts measuring the surface that will be covered, while having a nice conversation with you.

After he’s done measuring, he will give you the quote: “let’s say a promotional $9/ square foot, for all your 200 coverable square feet. That means $1,800.”

You decide to be smart and think it is a good idea to shop around to see if there is a better best price, so after he leaves you start looking for another quote and find out the average price is $12/ square foot – so your man was the best!

What you haven’t realized is that your coverable space is only 100 square feet not $200, which means only $1,200 at the average price (the scammer is actually charging you $18/ square foot).

How to avoid:

Buy a tape measure and measure the length and breadth of the surface yourself (multiply them together to get the measurement in square feet). Then ask around for quotes for carpet installation for that measurement. Source: Scam-Detector

“Free” Installations

In this scam, carpet dealers advertise greatly reduced installation rates or even free installation. But the advertisements neglect to mention that this only apply to “basic” installations, which can mean as much – or as little work as dealers want. Any additional installation comes with hefty fees. Buyers should not sign anything until they know just what the basic installation entails – or the amount a dealer would impose for the rest of the installation process. Source: DoItYourself

The Private Label

It starts when you find a carpet sample you really like on a contractor’s board but think the price is just too high. You go looking for it elsewhere, but with no luck. He tells you the carpet is actually a “private label,” and no one else sells the exact same brand. In fact, he’s lying. The carpet is available at any retail or big-box store, just under another brand name. Because it’s been rebranded (sometimes by the suppliers themselves) finding a match becomes difficult.

Don’t believe any company that tells you they’re the only ones who can carry a specific color or type of carpet, unless you’re looking for something extremely specific and high-end. If you spot a bad rebrand, move on. Source: AngiesList

Have your carpet repaired or installed by someone who has a good track record and has been in the business for a long time. Give us a call to get a free and honest estimate of your carpet needs.

The post Carpet Scams to Watch Out For appeared first on Curlys Carpet Repair.

Mid-Rise Tower (updated): Exterior Painting and Building Repairs in North Vancouver

North Vancouver Mid-Rise Tower (updated with After photos)

The Remdal team worked hard this summer helping this North Vancouver / Lonsdale area strata complete their building exterior refresh and repair. The previous post showed many of the photos from early in the project. Here we showcase several significant before and after photos.

It’s amazing how quickly the outside of a building can change. The owners can now enjoy their refreshed and repaired exterior completed by one of our longest serving Restoration crews. Great work by everyone involved: the strata owners & council; the property manager; the building engineering company; and of course, the on-site Remdal crew and project managers.

One of the other challenges faced by the strata council was balcony repair. The solution here was installing a raised tile system over top of the renewed balcony membrane. The water still finds its way off the balcony but the tiles provide a cleaner, higher end look for the owners.

The council also provided owners with various colour schemes to choose from. You can see below how much more bright and clean the alley way entrance and ground level parking looks afterwards.

From July to October, this building underwent a dramatic transition rejuvenating and refreshing this property for many years to come.

The scope of work included:

• Building envelope renewal
• Concrete repairs
• Balcony urethane membrane renewal
• Stucco repairs
• Sealant replacement
• Exterior painting
• Swing stage access

If you have a building with similar needs, please contact us for a proposal, info@remdal.com or 604.882.5155.

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