PHOENIX — On April 16, 4Front Ventures Corporation submitted an application for a management cease trade order (MCTO) to the Ontario Securities Commission (OSC) under National Policy 12-203 – Management Cease Trade Orders (NP 12-203), in connection with the company’s delay in filing its audited annual financial statements for the year ended December 31, 2024, the related management’s discussion and analysis, and the required certifications.
On April 21, OSC staff advised the company that, based on their review of trading activity in the company’s securities, 4Front does not meet the eligibility criteria under NP 12-203 for an MCTO. As a result, the OSC has indicated it will not proceed with reviewing the MCTO application and will instead issue a failure-to-file cease trade order (FFCTO) following the April 30, 2025, filing deadline. In accordance with current OSC guidance, the filing of the outstanding documents within 90 days of the FFCTO date will constitute an application to revoke the order, with no separate application or fee required.
About 4Front Ventures Corp.
Front is a national, vertically integrated multi-state cannabis operator with operations in Illinois and Massachusetts and facilities in Washington. Since its founding in 2011, 4Front has built a reputation for its high standards and low-cost cultivation and production methodologies earned through a track record of success in facility design, cultivation, genetics, growing processes, manufacturing, purchasing, distribution, and retail. To date, 4Front has brought to market more than 20 different cannabis brands and over 1,800 products that are strategically distributed through its fully owned and operated Mission dispensaries and retail outlets in its core markets.
