Bankruptcy: 4Front Ventures Corp.

Form Type: 8-K

Filing Date: 2025-06-26

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000127956925000673

Filing Summary: On June 20, 2025, a voluntary receivership proceedings order was entered in the case titled In re 4Front U.S. Holdings, Inc. et al, appointing Jacques Santucci as receiver over all of 4Front Ventures Corp.'s U.S. subsidiaries. Following this development, directors Kris Krane and David Daily resigned from the Board of Directors on June 26, 2025, effective immediately. Their resignations were stated to not be a result of any disagreements regarding the company's operations or policies.

Form Type: 8-K

Filing Date: 2025-06-10

Corporate Action: Bankruptcy

Type: New

Accession Number: 000127956925000595

Filing Summary: On June 9, 2025, 4Front Ventures Corp. made an assignment under the Canadian Bankruptcy and Insolvency Act, indicating the initiation of bankruptcy proceedings. The case, titled 'In the Matter of the Bankruptcy of 4Front Ventures Corp.', was filed in the District of British Columbia, Vancouver Division, under case number 11-3233771. On the following day, June 10, 2025, B. Riley Farber Inc. was appointed as the trustee over the assets of the company, marking a formal step in the bankruptcy process.

Form Type: 8-K

Filing Date: 2025-05-27

Corporate Action: Bankruptcy

Type: New

Accession Number: 000127956925000538

Filing Summary: On May 23, 2025, 4Front Ventures Corp. announced that its U.S. subsidiaries had filed a petition for receivership in Massachusetts. The filing aims to address significant financial challenges faced by the company. This event marks a critical juncture for 4Front Ventures as it seeks to stabilize its operations and examines potential restructuring options. The details regarding the receivership petition were shared in a press release, attached as Exhibit 99.1, emphasizing the seriousness of the company's financial situation.