4Front partners with Tokyo Smoke in its first foray into the Canadian market
NOV. 29, 2017
4Front Advisors will support Tokyo Smoke in the pursuit of an operating license to open retail locations in Manitoba
PHOENIX, Ariz. — 4Front Advisors, a leading management consulting firm in the cannabis industry, has entered into a consulting engagement with Tokyo Smoke to support the latter in its application for one of Manitoba’s four master licenses to distribute cannabis through retail locations. 4Front Advisors is a wholly owned subsidiary of 4Front Holdings, LLC (“4Front”).
The engagement represents 4Front’s first foray into the Canadian market, which is heading toward full cannabis legalization in 2018.
Since 2011, 4Front Advisors has helped dozens of partners secure valuable operating licenses and establish world-class cannabis operations in the United States. Per a non-binding term agreement, it will now exclusively advise Tokyo Smoke on its bid in Manitoba. This agreement will provide Tokyo Smoke exclusive licensing rights in Manitoba to 4Front Advisors’ library of intellectual property, including SOPs, operating manuals, and a staff training program that has received Patient Focused Certification from Americans for Safe Access.
4Front has consistently led the cannabis industry in professionalizing operations in alignment with industry best practices, and World Health Organization and International Organization for Standardization (ISO) policy and protocol standards.
Through its chain of high-end coffee shops, Tokyo Smoke has cemented itself as one of the leading cannabis lifestyle brands in the Canadian market. Given its existing retail footprint and experienced staff, the company is ideally positioned to obtain one of Manitoba’s master licenses and continue its efforts to lead the evolution of the industry across Canada. It recently raised approximately $10 million in capital and has forged partnerships with Aphria Inc. and WeedMD.
About Tokyo Smoke
Tokyo Smoke is an award-winning lifestyle brand that brings sophistication and design to the cannabis space. With immersive experiences and design led retail spaces selling coffee, clothing and designer products, Tokyo Smoke is developing an international reputation as the go-to destination for luxurious, creative offerings within the industry. Tokyo Smoke will expand into Alberta in 2017 and throughout Canada in 2018.
4Front Holdings, LLC (“4Front”), is a leading investment and management firm in the U.S. cannabis sector. It has developed a national platform that consists of a multi-state footprint, including its Mission-branded retail operations, and a far-reaching network of partner relationships. Led by a group of professionals with experience in finance, real estate, manufacturing, and multi-location retail and hospitality operations, 4Front brings to the table a comprehensive collection of management skills and hands-on operating expertise. It has invested heavily in its talent and capabilities in order to support the rapid operational growth curve in front of it. For more information, visit www.4frontventures.com.
KCSA Strategic Communications