4Front Ventures Corp. (TSE:FFNT) has released an update.
4Front Ventures Corp. has announced a substantial increase in their 2023 financial performance with $97.4 million in revenue and a 42% to 75% growth in wholesale revenue in key markets of Massachusetts and Illinois. Additionally, the appointment of Peter Kampian as CFO marks a strategic move as the company looks to further its expansion, particularly with the upcoming doubling of production capacity in Illinois. These developments signify a strong start to 2024, promising increased revenue and profitability.
For further insights into TSE:FFNT stock, check out TipRanks’ Stock Analysis page.