[PRESS RELEASE] – PHOENIX, June 10, 2025 – 4Front Ventures Corp., a vertically integrated cannabis operator, announces that, following its previously announced U.S. receivership petition, it has made an assignment into bankruptcy pursuant to the Canadian Bankruptcy and Insolvency Act.
B. Riley Farber has been appointed as the trustee in the Canadian Bankruptcy Proceedings. Further information may be obtained from the trustee at [email protected] or on the case webpage www.brileyfarber.com/engagements/4frontventures/.
The first meeting of creditors will be held via Zoom videoconference at 11 a.m. PDT on June 26, 2025.
The company announced on May 23, 2025, that all its U.S. subsidiaries filed for a voluntary receivership in aid of liquidation under the laws of the Commonwealth of Massachusetts.
“The 4Front board made this decision only as a last resort,” Board Chairman Kris Krane said last month. “While we believe 4Front’s cultivation and manufacturing operations are standouts and its retail stores have found exciting new ways to engage consumers, the liabilities on the company’s balance sheet coupled with a lack of available financing for operations have forced us to file for a voluntary receivership in order to pursue an orderly sale of the company’s businesses.”
The vertically integrated multistate cannabis operator initiated the proceedings following its U.S. receivership petition. Read More
