After Reviewing Current Cannabis Market Conditions, 4Front Withdraws Brokered Offering
After Reviewing Current Cannabis Market Conditions, 4Front Withdraws Brokered Offering
Vertically-integrated cannabis company 4Front Ventures Corp. (CSE:FFNT) (OTCQX:FFNTF) announced Friday its withdrawal of the brokered offering that was previously announced on June 26th. This strategic decision comes after a comprehensive review of current market conditions, including recent controversies regarding the federal regulatory outlook.
综合考虑包括联邦监管前景的最新争议在内的当前市场状况后，大麻股垂直一体化公司4Front Ventures Corp. (CSE:FFNT) (OTCQX:FFNTF)于周五宣布撤回了此前于6月26日宣布的经纪发行申请。这是一个战略性决定。
Last Wednesday the company announced it is seeking to secure roughly CA$5 million ($3.65 million) in financing.
上周三，该公司宣布正在寻找约500万加元（365万美元）的融资。
The Arizona-based multi-state operator (MSO) said that it has entered into an agreement with Eight Capital, as lead agent and sole book-runner, on behalf of a syndicate of agents to be formed, to act as agents on a "best efforts" basis to sell up to 47,620,000 of its units at CA$0.105 per unit for gross proceeds of up to CA$5,000,100. After careful analysis of the current market state, the company decided to withdraw the offering.
这家总部位于亚利桑那州的多州运营商（MSO）表示，已与Eight Capital签订了协议，Eight Capital作为首席代理人和唯一的簿记员，代表一个即将组建的代理团体，以“尽力而为”的方式销售最多4762万个单位，每个单元价格为0.105加元，总收入高达5,000,100加元。经过对当前市场状况的仔细分析，公司决定撤回发行申请。
Read Also: Cannabis Company 4Front Reports 28% YoY Drop In Q1 Revenue While Net Loss Grows, CEO Optimistic With Biden's Marijuana Rescheduling News.
另外，大麻公司4Front报告称，第一季度营收同比下降28％，净亏损增加，但CEO基于拜登的大麻重新排班消息仍保持乐观。
Additionally, 4Front announced that current company director Kris Krane became chair of the Board in place of Robert Hunt, who is departing the board. Krane has extensive experience in the cannabis industry, having previously served as the company's president and played a key role in its growth and development. As a regulatory and business strategist, as well as a frequent speaker at cannabis conferences and events around the world, Krane has spent the last two decades working to advance the cannabis industry and movement. He has served as associate director of the National Organization for the Reform of Marijuana Laws (NORML) and executive director of Students for Sensible Drug Policy and is chair emeritus of the National Cannabis Industry Association board of directors.
此外，4Front宣布，现任公司董事Kris Krane接替即将离开董事会的Robert Hunt成为董事会主席。Krane在大麻行业拥有丰富的经验，曾担任公司总裁，并在其成长和发展中发挥了关键作用。作为一名监管和商业策略师，以及在世界各地的大麻会议和活动上的频繁演讲者，Krane在过去的二十年里一直致力于促进大麻行业和运动发展。他曾担任国家大麻法改组织（NORML）的副主任和有关明智药品政策的学生执行主任，并担任国家大麻行业协会董事会名誉主席。
Price Action:
价格行动：
4Front shares were trading 2.44% lower at $0.078 per share at the time of writing Friday morning.
截至周五上午撰写本文时，4Front公司股票以每股0.078美元的价格下跌了2.44％。
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To keep on top of what is happening with cannabis stocks and everything across the industry, join us at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices go up by following this link.
要了解大麻股票的最新动态以及行业内所有内容，请加入我们的第19届 Benzinga大麻资本会议查看有关大麻股票和整个行业正在发生的情况，在即将于今年10月8日至9日的芝加哥举行的第19届创业板大会上加入我们。现在按照此链接来购买门票，价格即将上涨。
Photo: Courtesy of 7raysmarketing from Pixabay
图片：来自Pixabay的7raysmarketing的名下。