Cannabis Co. 4Front Sees Loss Narrow In Q3, Major Growth In MA, IL
4Front Ventures Corp. (CSE:FFNT) (OTC:FFNTF), a U.S. multi-state cannabis operator, announced its Q3 2024 revenue Thursday of $17.1 million, down from $18.7 million in the previous quarter. The company highlighted substantial gains in Massachusetts and promising developments in Illinois as the Matteson facility ramps up production.
Q3 2024 Financial Highlights
- Revenue was $17.1 million, a decrease from $23 million in Q3 2023.
- Net Loss was $6.4 million, an improvement from a net loss of $62.1 million in Q3 2023.
- Adjusted EBITDA was $1 million, compared to an adjusted EBITDA loss of $4.8 million in Q3 2023.
- Gross Profit was $3.7 million, down from $9.3 million in Q3 2023.
Scalable Production, Strategic Expansion Powers Market Growth
The Matteson facility, nearing …