4Front Ventures Launches C$5M Capital Raise

4Front Ventures (TSE:FFNT) has released an update.

4Front Ventures Corp. has announced a brokered offering aiming to raise up to C$5 million through the sale of units at C$0.105 each. These units include a share and a warrant, with the latter allowing purchase of an additional share within 60 months at C$0.13. The proceeds will fund equipment purchases, inventory, and expansion of retail locations, with the offering expected to close around July 10, 2024.

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