4Front Ventures Announces Leadership Changes: CFO Transition Amid Ongoing Corporate Realignment

PHOENIX, Oct. 29, 2024 /PRNewswire/ – 4Front Ventures Corp. FFNT FFNTF (“4Front” or the “Company”), a multi-state cannabis operator and retailer, has announced the conclusion of Peter Kampian’s tenure as Chief Financial Officer (CFO). This change is part of the Company’s ongoing efforts to refine its capital structure and consolidate financial operations in Illinois. Importantly, the end of his contract was not a result of any disagreement regarding the Company’s operations or policies. Peter will remain available as a consultant when needed. The Company expresses gratitude for his key contributions during a challenging period of growth and restructuring.

Michael Kronberg, CPA, who has been serving as Controller at the Company’s flagship facility in Matteson, Illinois, will take over as Interim CFO. With significant experience in the cannabis sector and a crucial role in redefining the Company’s financial strategies, Michael is prepared to lead the finance department during this transition.

Peter stated, “It has been a privilege to be part of 4Front’s leadership team during such an important time for the company. I’m confident that Michael’s deep understanding of the business and his industry experience will ensure continued success. As 4Front transitions into its next phase of growth, the finance department is well-prepared to support the Company’s long-term objectives.”

About 4Front Ventures Corp.

4Front is a national, vertically integrated multi-state cannabis operator with operations in Illinois and Massachusetts, plus facilities in Washington. Established in 2011, 4Front has earned recognition for its high standards and cost-effective cultivation and production methods. It has launched over 20 cannabis brands and more than 1,800 products, distributed through its fully owned Mission dispensaries and retail outlets in key markets. The Company is dedicated to driving shareholder value, leveraging its decade of expertise across the cannabis industry value chain. For more details, visit https://4frontventures.com/.

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SOURCE 4Front Ventures Corp.