PHOENIX, May 13, 2019 — 4Front Holdings, LLC (“4Front“), a diversified operator of strategically aligned cannabis-related businesses, including cultivation, production and retail operations, is pleased to announce that Josh Rosen, Chief Executive Officer, will present at the Canaccord Genuity 3rd Annual Cannabis Conference on Tuesday, May 14, 2019, at the Grand Hyatt in New York, N.Y. Mr. Rosen’s presentation will begin at 10:20 a.m. ET.
4Front and Cannex Capital Holdings, Inc. (“Cannex“)(CSE:CNNX; OTCQX:CNXXF), recently signed a definitive agreement whereby Cannex will acquire 4Front and where the resulting issuer will be 4Front Ventures. The transaction was announced in late 2018 with a definitive agreement in place on March 1, 2019. On April 26, 2019, the companies received conditional approval from the Canadian Securities Exchange for the transaction and trading resumed in Cannex on the CSE on April 29. The completion of the transaction is awaiting final approval from the U.S. Department of Justice Antitrust Division pursuant to the Hart-Scott-Rodino review process and a second request.
The business combination creates a U.S. multi-state operator with operations focused on the cultivation, processing and manufacturing of cannabis products, as well as multiple retail dispensaries. The combined entity currently has operations across seven states, as well as an active pipeline that is likely to provide more opportunities to enter select U.S. markets.
4Front is building a next-generation company in the cannabis industry, based upon strategic and aligned leadership, battle-tested operating capabilities, transparent and principled governance, and a commitment to developing and supporting people and communities. Led by a group of professionals with experience in strategy, manufacturing, distribution & logistics, finance, real estate, multi-location retail & hospitality operations and talent development & retention, 4Front has invested heavily to assemble a comprehensive collection of management skills and hands-on operating expertise that can support the rapid operational growth opportunity being afforded by the increased legalization of cannabis across the globe.