PHOENIX, Ariz., August 4, 2020 -PRESS RELEASE- 4Front Ventures Corp. announced today that the Massachusetts Cannabis Control Commission has granted 4Front’s Mission dispensary and cultivation/processing facilities in Georgetown, Mass., authorization to commence adult-use retail and production operations. The company will host a grand opening for adult-use sales on Aug. 12, 2020.
4Front also announced that its Mission dispensary and cultivation/processing facilities in Worcester, Mass. are on the Massachusetts Cannabis Control Commission’s Aug. 6 agenda for final adult-use licenses. If approved, these facilities will be open for adult-use sales pending a final inspection and authorization by the commission.
Entry into the adult-use market significantly expands 4Front’s total addressable market and is expected to drive both top-line and bottom-line growth at the company in the second half of 2020 into 2021. Massachusetts is a core growth market for 4Front, with the company also executing its expansion plans that are underway at its Georgetown production facility, which are expected to significantly increase its output from this location to meet market demand.