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4Front Ventures (FFNTF)
OTHER OTC:FFNTF
Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -33.33%
|Next Earnings Date:Mar 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for 4Front Ventures. There were significant achievements in wholesale growth and market expansion, particularly in Massachusetts and Illinois, and improvements in product quality. However, these positives were counterbalanced by declines in retail revenue, competitive challenges, and increased operational costs. The company is taking strategic steps to address these issues, indicating a cautiously optimistic future.Company Guidance
During the 4Front Ventures Third Quarter 2024 earnings call, management highlighted several key metrics reflecting the company's progress and strategic direction. Total revenue from Illinois and Massachusetts reached $17.1 million, with a notable 56% quarter-over-quarter increase in Massachusetts' wholesale operations. In Illinois, the Matteson facility, which features 24,000 square feet of flowering canopy with plans to expand to 34,800 square feet by mid-January 2025, is expected to produce 3,000 pounds of total biomass monthly by year-end. Washington reported a 6.6% quarter-over-quarter revenue growth, generating $9.72 million in sales, with record-breaking wholesale sales across multiple categories. Despite challenges, Massachusetts achieved a 100% pass rate on cultivation tests since the end of Q2. The company maintained a disciplined approach in optimizing its balance sheet, with $1 million in cash and total debt at $68 million, aiming to ensure stability and drive future growth. Management expressed optimism about the potential impact of federal reforms, such as rescheduling cannabis to Schedule 3 in 2025.Record Wholesale Growth in Massachusetts and Illinois
The wholesale operations in Massachusetts saw an impressive 56% increase quarter-over-quarter, while Illinois delivered steady results leading up to the potential full utilization of the Matteson facility. This reflects strong momentum in wholesale performance.
Washington Market Success
Washington achieved a 6.6% quarter-over-quarter revenue growth, with record-breaking sales across multiple product categories. The EZ Vape line and live resin products highlighted the success, with notable increases in sales.
Significant Expansion in Illinois
The Matteson facility is expected to significantly increase capacity, with 24,000 square feet of flowering canopy already active and plans to expand to 34,800 by mid-January 2025. This expansion is anticipated to drive substantial growth in the Illinois market.
Strong October Wholesale Performance
October was one of the strongest months for wholesale this year, with Massachusetts reporting a 91% year-over-year increase in wholesale revenue. Illinois also saw significant multi-store orders and promotions driving strong demand.
Quality Improvements in Product Lines
Massachusetts achieved a 100% pass rate on cultivation tests, reflecting significant improvements in flower quality and expanded product offerings, setting quality benchmarks even in a competitive environment.
Strategic Financial Adjustments
Efforts to streamline costs and enhance operational efficiencies are underway, with plans to raise additional capital and optimize the balance sheet to support long-term profitability and expansion.
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FFNTF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FFNTF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $0.03 | $0.03 | 0.00% |
| Aug 14, 2024 | $0.06 | $0.06 | 0.00% |
| May 17, 2024 | $0.13 | $0.13 | 0.00% |
| Apr 15, 2024 | $0.09 | $0.10 | +11.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does 4Front Ventures (FFNTF) report earnings?
4Front Ventures (FFNTF) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is 4Front Ventures (FFNTF) earnings time?
4Front Ventures (FFNTF) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FFNTF EPS forecast?
Currently, no data Available
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