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.
綜合考慮包括聯邦監管前景的最新爭議在內的當前市場狀況後，大麻股垂直一體化公司4Front Ventures Corp. (CSE:FFNT) (OTCQX:FFNTF)於週五宣佈撤回了此前於6月26日宣佈的經紀發行申請。這是一個戰略性決定。
Last Wednesday the company announced it is seeking to secure roughly CA$5 million ($3.65 million) in financing.
上週三，該公司宣佈正在尋找約500萬加元（365萬美元）的融資。
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.
這家總部位於亞利桑那州的多州運營商（MSO）表示，已與Eight Capital簽訂了協議，Eight Capital作爲首席代理人和唯一的簿記員，代表一個即將組建的代理團體，以“盡力而爲”的方式銷售最多4762萬個單位，每個單元價格爲0.105加元，總收入高達5,000,100加元。經過對當前市場狀況的仔細分析，公司決定撤回發行申請。
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報告稱，第一季度營收同比下降28％，淨虧損增加，但CEO基於拜登的大麻重新排班消息仍保持樂觀。
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宣佈，現任公司董事Kris Krane接替即將離開董事會的Robert Hunt成爲董事會主席。Krane在大麻行業擁有豐富的經驗，曾擔任公司總裁，並在其成長和發展中發揮了關鍵作用。作爲一名監管和商業策略師，以及在世界各地的大麻會議和活動上的頻繁演講者，Krane在過去的二十年裏一直致力於促進大麻行業和運動發展。他曾擔任國家大麻法改組織（NORML）的副主任和有關明智藥品政策的學生執行主任，並擔任國家大麻行業協會董事會名譽主席。
Price Action:
價格行動：
4Front shares were trading 2.44% lower at $0.078 per share at the time of writing Friday morning.
截至週五上午撰寫本文時，4Front公司股票以每股0.078美元的價格下跌了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動態以及行業內所有內容，請加入我們的第19屆 Benzinga大麻資本會議查看有關大麻股票和整個行業正在發生的情況，在即將於今年10月8日至9日的芝加哥舉行的第19屆創業板大會上加入我們。現在按照此鏈接來購買門票，價格即將上漲。
Photo: Courtesy of 7raysmarketing from Pixabay
圖片：來自Pixabay的7raysmarketing的名下。