April 6, 2021 at 4:52 pm Published by NCV Newswire
4Front Announces Fourth Quarter and Fiscal Year 2020 Results and Provides Business Update
Q4 Systemwide Pro Forma Revenue increased to $25.0 million, with full year 2020 Systemwide Pro Forma sales of $88.1 million
Q4 Adjusted EBITDA increased 59% sequentially to $5.9 million, representing Adjusted EBITDA margin of 24%
Reiterated FY2021 guidance for Systemwide Pro Forma Revenue of $170-180 million and Adjusted EBITDA of $40-50 million
The Company’s existing licensed projects at maturity represent a long-term revenue and EBITDA opportunity upwards of $650 million and $250 million, respectively
PHOENIX, April 6, 2021 /PRNewswire/ – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company”) today announced its financial results for the fourth quarter and fiscal year ended December 31, 2020. All financial information is presented in U.S. dollars unless otherwise indicated.
4Front Announces Fourth Quarter and Fiscal Year 2020 Results and Provides Business Update
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4Front Announces Fourth Quarter and Fiscal Year 2020 Results and Provides Business Update
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4Front Announces Fourth Quarter and Fiscal Year 2020 Results and Provides Business Update
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.