4Front Ventures ( (TSE:FFNT) ) has released a notification of late filing.
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4Front Ventures Corp. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The primary reason for this delay is financial constraints that have affected the company’s ability to pay its auditors. The company is actively working to secure additional financing and restructure its liabilities, though there is no guarantee of success. 4Front Ventures anticipates filing the report within sixty days after restarting the audit engagement, but it does not expect to meet the fifteen-day extension period. The company has reported a net loss from continuing operations of $42,572,000 for the year ended December 31, 2024, an increase of 13% from the previous year due to price compression in core markets. These figures are preliminary and subject to change upon audit completion. The notification was signed by Andrew Thut, the Chief Executive Officer, who emphasized ongoing compliance efforts.
More about 4Front Ventures
Average Trading Volume: 284,551
Technical Sentiment Signal: Buy
Current Market Cap: $9.59M
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