All 4Front U.S. subsidiaries file voluntary receivership in Massachusetts; intends to sell assets

4Front Ventures Corp.

Voluntary receivership in aid of liquidation filed May 22, 2025 in Suffolk County Superior Court.
Company cites liabilities and lack of available financing; board says decision was last resort.
Will continue operations during receivership; hopes to sell assets to generate stakeholder value.
Already subject to cease trade order in Canada for failure to file 2024 audited financials; expects delisting from CSE and OTCQB.
Foley Hoag LLP is legal counsel; receiver to be appointed.

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