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After legacy market exodus, 4Front plans 10 Illinois stores by 2025

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After legacy market exodus, 4Front plans 10 Illinois stores by 2025


Since divesting its retail operations in Michigan and exiting the California market as part of its strategic reset, 4Front Ventures Corp. (OTCQX: FFNTF) has charted its path in newer regions, company executives said in a fourth-quarter 2023 earnings call.

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The multi-state cannabis operator is banking on its Matteson facility in Illinois to drive growth, with plans to gradually ramp up production capacity starting in the third quarter of 2024 and reaching full capacity by early 2025.

“By early 2025, it’s going to come online kind of one room at a time according to a schedule, as fast as we can safely bring it online,” operations VP Brandon Mills told investors on a call this week.

While management is optimistic about its expansion plans in Illinois, CEO Andrew Thut noted that the company remains cautious about the overall competitive landscape, given the tight capital conditions in the industry over the past three years.

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By the end of 2023, 4Front had two retail locations in Illinois — South Chicago and Calumet City. The company plans to open its third Illinois store in Norridge in May 2024, followed by a fourth location in Elston/Logan in the fourth quarter of 2024. Mills said the aim is to expand the retail footprint to 10 stores by 2025 through organic openings and strategic acquisitions.

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In Massachusetts, the shift is to focus on expanding its wholesale presence after heavily relying on its own retail outlets, such as its Brookline store, which has faced challenges due to increased competition in the area.

“We have had successes on wholesale, but the rubber’s just meeting the road,” Thut said, adding that he expects a “huge year for wholesale in Massachusetts.”

Last year, the Massachusetts market experienced price declines in flower (12.5% year-over-year) and derivative products like vape and edibles (approximately 15%). However, the price declines have stabilized late in the fourth quarter of 2023 and early 2024.

As 4Front’s manufacturing capabilities come online in May, the company is prioritizing its in-house brands before engaging in formal third-party supply agreements, according to Mills.

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The company’s balance sheet has seen recent improvements, including the conversion of $23 million in debt to equity. However, Thut acknowledged further access to capital markets is crucial to fund 4Front’s retail expansion plans in Illinois.

One way to stash more money away might be to follow in the footsteps of some of its peers in the industry when it comes to the 280E tax provision, which has burdened cannabis companies with hefty tax bills. The firm said it plans to pursue all avenues to secure eligible refunds.

Karl Chowscano, Consulting President at 4Front, said, “We clearly are aware of the trend, and I don’t want to say that we were suggesting that this should be the case about a year and a half ago almost, but we were. We will be actively pursuing all of our options in terms of the most efficient way for us to file taxes as well as to get any refunds, both from the state and federal perspective that we can.”



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Another Winter Storm Targets Central Illinois

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Another Winter Storm Targets Central Illinois


After a brief lull in the weather on Friday, now another winter storm is setting its sights on central Illinois. Come Saturday, our next round of Winter is set to arrive. A new weather maker sweeps across the Upper Midwest, causing more snow to develop by mid-morning on Saturday. A Winter Weather Advisory has been issued from 7AM Saturday through 8 PM Saturday evening. The snow will pick up intensity by late-morning and last through the afternoon into the early evening hours before ending. This new weather system will follow a path very similar to the previous storm system and spread a swath of moderate to locally heavy snow. Before the snow wraps up Saturday evening, expect another 2″-4″ for much of central Illinois, with afternoon high temperatures bitterly cold in the mid-teens.

But the worst blast of cold air comes in Saturday evening into Sunday. Frigid Arctic air surges down from Canada causing temperatures to really tumble, driving in the coldest weather we’ve had in a long time and certainly the coldest so far this season. A Cold Weather Advisory is issued from 8 PM Saturday through Noon on Sunday. Sunday morning will be dangerously cold with wind chills around 20 to 25 BELOW ZERO. With wind chills this extreme, it doesn’t take long to suffer from frostbite or hypothermia. Please stay inside to keep warm, but if you do need to venture out, limit the time you spend outdoors, and make sure to cover up all exposed skin by wearing a hat, scarf, and gloves. Sunday afternoon features lots of sunshine, but despite the sunshine, temperatures will be brutally cold and frigid with high temperatures stuck in the low single numbers while wind chills remain well below zero.

Expect more extremely chilly weather on Monday with wind chills still ranging from 5 to 15 BELOW ZERO in the morning and afternoon highs only reaching into the 20s. Then temperatures will finally start to warm up, and we should climb out of the deep freeze with highs in the mid to upper 30s on Tuesday.



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Illinois is newest state to allow medical assistance in dying after Pritzker signs bill

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Illinois is newest state to allow medical assistance in dying after Pritzker signs bill



Gov. JB Pritzker signed a new law Friday making Illinois the newest state allowing medically assisted dying in terminally ill residents.

Known as “Deb’s Law,” it allows eligible terminally ill adults with a prognosis to live six months or less to request a prescription from their doctor that would allow them to die on their own terms.

The legislation was narrowly approved by the Illinois Senate in October after the Illinois House passed it in May.

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People on both sides of the debate over the controversial legislation lobbied the governor up until the last minute. Medical aid in dying, also called assisted suicide or dying with dignity, is already legal in 12 states. Eight more are considering similar legislation.

“I have been deeply impacted by the stories of Illinoisans or their loved ones that have suffered from a devastating terminal illness, and I have been moved by their dedication to standing up for freedom and choice at the end of life in the midst of personal heartbreak,” Pritzker said in a news release after signing the bill.  

Pritzker’s signature makes Illinois the first state in the Midwest to allow medically assisted death.

Advocates for the law say it allows adults to die on their own terms when survival is already not an option. Opponents say the bill legalizes “state-sanctioned suicide.”

The law requires two doctors to determine a patient has a terminal disease and will die within six months. The medication provided would need to be requested both orally and in written documentation, and will have to be self-administered. The law also requires all patients opting into medical assistance in dying to have been full informed about all end-of-life care options, including comfort care, hospice, palliative care and pain control.

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The law is named for Deb Robertson, a former social worker from Lombard who had an aggressive case of neuroendocrine carcinoma. She began advocating for medical aid in dying in 2022 and has been a central figure in the movement. 

Please note: The above video is from a previous report



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Advocates, opponents seek to sway Gov. JB Pritzker on medical aid in dying legislation passed by Illinois General Assembly

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Advocates, opponents seek to sway Gov. JB Pritzker on medical aid in dying legislation passed by Illinois General Assembly


Illinois could soon join a growing list of states where terminally ill patients would be allowed to take life-ending medication prescribed by a doctor.

The Illinois Senate narrowly approved the “medical aid in dying” legislation in October, after the Illinois House passed it in May, and the legislation is now sitting on Gov. JB Pritzker’s desk.

Pritzker has not said if he’ll sign it, and the controversial legislation has people on both sides trying to bend the governor’s ear.

Medical aid in dying, also called assisted suicide or dying with dignity, is legal in 12 states, with eight others considering similar legislation.

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If Pritzker allows the “End-of-Life Options for Terminally Ill Patients Act” passed by the Illinois General Assembly to become law, Illinois could be the first state in the Midwest to allow medical aid in dying.

Suzy Flack, whose son Andrew died of cancer, is among the advocates urging the governor to sign the bill.

Diagnosed with terminal cancer in 2017 in his home state of Illinois, three years later Andrew moved to California, where medical aid in dying is legal, and chose to end his life in 2022.

“He died on his own terms, peacefully. We were all there to see it and embrace him at that moment, and it was really a beautiful thing,” Suzy said. “His last words were, ‘I’m happy. Please sign this. Allow people in Illinois this option.’”

Illinois is on the brink of joining a growing number of states that allow doctors to prescribe a mixture of lethal medication for terminally ill patients.

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Outside the governor’s Chicago office on Thursday, many disability advocates, religious leaders, lawmakers, and doctors have called on Pritzker to veto the bill that would legalize what they call state-sanctioned suicide

“The question becomes where do you draw the line in the medical ethics dilemmas?” one physician who identified himself as Dr. Pete said. “We don’t need to go to this crossing of a red line of actually providing a means to directly end life.”

Republican Illinois state Sen. Chris Balkema said he “would really appreciate it if the governor would veto this bill.”

“My plea is that we veto this; come back with language that is constructive on both sides,” he said.

Pritzker has he is reviewing the legislation and is listening to advocates on both sides before deciding whether to sign it.

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“It’s a hard issue, and I don’t want anybody to think making up your mind about this is very easy. It’s not. There’s a lot to consider, but most of all it’s about compassion,” he said. “There’s evidence and information on both sides that leads me to think seriously about what direction to go.”

The Illinois legislation would require two doctors to determine that a patient has a terminal disease and will die within six months. The medication provided to terminally ill patients would need to be requested both orally and in written form, and would have to be self-administered. 

The bill was sent to Pritzker on Nov. 25, and he has 60 days from then to either sign it, amend it and send it back to lawmakers, veto it, or allow it to become law without his signature.



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