https://www.profitconfidential.com/stock/4front-ventures-stock/bullish-upward-trend/ 4Front Ventures Corp: Bullish Upward Trend Points to Higher Gains George Leong, B.Comm. Profit Confidential 2021-02-02T07:30:07Z 2021-02-04 14:11:25 4Front Ventures Corp CNSX:FFNT OTCMKTS:FFNTF 4Front Ventures stock FFNTF stock 4Front Ventures Corp (CNSX:FFNT, OTCMKTS:FFNTF), a growing vertically integrated cannabis company, is set to significantly expand its capacity with the opening of its new California facility this year. FFNTF stock is already up 80% over the past three months, but the long-term potential is massive. 4Front Ventures Stock,Marijuana Stocks https://www.profitconfidential.com/wp-content/uploads/2021/02/the-cannabis-and-money-NWELZGU-300x191.jpg
Stock Market Volatility Affects Cannabis Stocks
As the stock market delivers one of the worst weeks of trading since October 2020 marijuana stocks have also suffered some losses during the week. Before Monday the 25th cannabis stocks were showing substantial gains in the market. But on Friday 29th most have not recovered to the highs established in trading last week.
As we head into February this recent drop could present the opportunity to get some of the best cannabis stocks to buy at a lower price point. One event that could stimulate the market next month would be the passing of a new stimulus bill. Currently, most cannabis companies are starting off in 2021 with more M&As and expansions into key cannabis markets. In reality, this could have a positive impact on future business growth.
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4Front Ventures Corp is a Canadian based company. It is engaged in the cultivation, processing, extracting, manufacturing, and distribution of cannabis products. It operates in five segments: Retail, Production, Pure Ratios, Real Estate, and Corporate. The majority of the firm s revenue comes from the Retail segment that engages in direct sales to end consumers in its retail stores. Retail sales are through owned or controlled licensed dispensaries in Illinois, Massachusetts, Michigan, Pennsylvania, Maryland, and Arkansas.
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Shawn “Jay-Z” Carter’s cannabis brand is now public.
The Parent Company (OTCQX:GRAMF, NEO: GRAM.U)) a vertically integrated cannabis operator focused on the California market, completed its merger with Subversive Capital Acquisition Corp. (formerly traded on OTCQX under the symbol of SBVCF) in mid-January. The $1.2 billion deal is the largest cannabis deal ever involving a Special Purpose Acquisition Company, and makes The Parent Company the largest vertically integrated operator in the state.
The Parent Company is the product of the combination between cannabis brand Caliva (which launched the hip hop mogul’s high-end cannabis line MONOGRAM in December), extraction and manufacturer Left Coast Ventures, and Shawn Carter Enterprises.
Sol Flower is kicking off recreational cannabis sales in Arizona on Thursday, Jan. 28.
The Phoenix-based dispensary brand received approval from the Arizona Department of Health Services to operate a recreational facility last week.
Sol Flower will continue to serve medical marijuana patients as well.
The retail brand is launched in 2019 by a vertically-integrated Arizona cannabis company, Copperstate Farms Management LLC.
The company has over 40 acres “under glass” and currently emoploys more than 600 people.
Arizona voters approved the use of recreational cannabis in November. According to the New York Times and The Associated Press, 59.9% of voters in the Grand Canyon State voted “yes” for Proposition 207, dubbed Smart & Safe.