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4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF), a vertically integrated, multi-state cannabis operator and retailer and constituent in the munKNEE Pure-Play American MSO Pot Stock Index, today announced its financial results for the fourth quarter ended December 31, 2021. All financial information is presented in U.S. dollars unless otherwise indicated.

Q4 Financial Highlights

Today's release of its Q4 financial results was restricted to just a report that its:

• Total Revenues increased by +10% from the previous quarter and
• Adjusted EBITDA was up +76% during the same period.

Surprisingly, NO information was provided on its Gross Profit, Selling and Admin Expenses, Employee Compensation, Net Income (Loss) or its Income (Loss) per Share or any other pertinent data like it did in its Q3 report begging the question "What are they hiding?".

Q4 Operational Highlights

• announced its proposed acquisition of NECC, which was subsequently completed in late January 2022.
• commenced operations of its 170,000 square foot production facility in Commerce, California in November 2021.
• reported that its ongoing construction of its 250,000 square foot cultivation and production facility in Matteson, Illinois remains ahead of schedule with phase one on track to be completed in Q4 2022 with operations beginning in Q1 2023. 

Management Commentary

Leo Gontmakher, Chief Executive Officer, had nothing of any substance to report either, saying, in part:

• “Our fourth-quarter results showed strong year-over-year growth, representing steady execution in the face of macro headwinds and reinforcing our thesis of consistent, low-cost production at scale...
• We anticipate a very active first half of 2022, and we are more confident than ever that we are positioned with the tools, facilities, and teams in place to realize considerable growth and continue to build value for 4Front stakeholders for years to come.”

Stock Performance

The company's stock price has gone DOWN -22.8% YTD and is now DOWN -58.3% from its peak price in 2021.