4Front Ventures Corp. FFNTF, a national, vertically integrated multi-state cannabis operator that owns or manages operations and facilities in strategic medical and adult-use cannabis markets, is eyeing a major expansion drive next year.
With a new wave of licenses expected to kick in in Illinois next year, Andrew Thut, chief investment officer (CIO), 4Front Ventures, believes the new regulation could present opportunities for the company.
Speaking at the Benzinga Cannabis Capital Conference in Chicago, Thut said he believes the sweet spot in the value chain for cannabis “is really having being a wholesaler of products and being vertically integrated where we can.”
For 4Front’s plans next year, he explained that the company is “bringing on about 40,000 square feet of canopy in the first part of next year, but also, we’ve just been in this state with just flower with a smaller grow.”
“What we’re excited to do is, take all those brands that have been market share leaders in really, really competitive states and bring them into Illinois,” Thut added.
With a new facility coming online, and the expansion of additional retail, the company believes it has the opportunity to go up six-fold in this industry in this state as it also scales up the quality and quantity of its product offerings.
To date, 4Front has successfully brought more than 20 different cannabis brands and over 1800 products to market, strategically distributed through its wholly owned and operated “Mission Dispensaries” and retail outlets in its core markets.
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