4Front Ventures Corp. Closes Transformational Senior Secured Debt to Equity Conversion

PHOENIX, Jan. 31, 2024 /PRNewswire/ – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company”), a vertically integrated, multi-state cannabis operator and retailer, today announced the closing of its amendment to the loan and security agreement (collectively, the “Amendment“) with its senior secured lender, LI Lending, LLC (the “Lender“), as previously announced on January 8, 2024, under which the Lender converted approximately 44% ($USD 23,000,000) of the principal amount of its debt into class A subordinate voting shares of the Company (the “SVS“) at a conversion price of $CAD 0.125 ($USD 0.094) per SVS (the “Conversion Price“). The terms of the remaining loan balance with the Lender (the “Loan“) remained unamended.

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