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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.

Massachusetts

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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New building owner addresses backlash over mural in downtown Springfield

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New building owner addresses backlash over mural in downtown Springfield


SPRINGFIELD, Mo. (KY3) – A long-standing mural honoring Robert E. Smith on the side of a building at Campbell and Walnut has been covered up, prompting community backlash against the building’s new owner.

David Pere, owner of FMTM LLC, purchased the building in downtown Springfield and said he intended it to reflect his business, which focuses on helping veterans with financial strategies and goals. Covering the mural was part of that plan.

Pere said he was out of town in Tennessee when painting began and learned about the community reaction through messages on his phone.

“I’m like, I was in Tennessee running an event. I didn’t even know he’d started painting until I got a bunch of really nasty messages on my phone,” Pere said. “And I go, oh, look, that’s our building getting painted. I guess he started.”

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Pere said he did not anticipate the response. “You know, we didn’t. I didn’t know how much of an impact this was going to make,” he said.

Jesse Tyler, co-owner of SGFCO, said he wanted the mural to stay and expressed concern about the lack of safeguards for publicly recognized works of art.

“To paint over that is to say, like, could be interpreted as saying that his work is no longer relevant or that his story is no longer relevant. I don’t think that’s true,” Tyler said. “Robert’s artwork needs to be part of downtown for as long as we can maintain that memory and maintain that legacy.”

Tyler said the community had hoped protections would be in place for the mural. “Maybe we didn’t have those protections that we hope there would be, that maybe the sort of legacy and awareness of Robert’s work that we hope there would be wasn’t there,” he said.

The City of Springfield posted online, acknowledging the artwork held deep meaning for many residents. Because the building is privately owned, however, Pere is within his rights to make changes to its exterior.

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Pere said he hopes to help relocate the mural to a more permanent location. “We want to help migrate that mural to a wall where it could be more permanent,” he said. “I’d love to help them find a space for it. I’d love to help. I’d love to see the city get involved to the point where that space could be a permanent space where it’s actually maintained because it is obvious now that it is very important to the city of Springfield.”

Pere is already working with an artist on a new mural for the side of the building, intended to represent veterans. That mural is expected to begin going up at the end of the month.

To report a correction or typo, please email digitalnews@ky3.com. Please include the article info in the subject line of the email.



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Missed the lunar eclipse? See when the next one will be over Illinois

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Missed the lunar eclipse? See when the next one will be over Illinois


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Millions across the United States who woke up early Tuesday were treated to a “blood moon,” the only total lunar eclipse occurring in North America in 2026, according to NASA.

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Illinois residents who missed it will be waiting some time for the next total lunar eclipse to shine above the U.S. — several years, in fact. But a partial lunar eclipse is coming sooner.

When is the next total lunar eclipse in Illinois?

After March 3, Illinois’ next visible total lunar eclipse won’t happen again until June 2029, writes Time and Date. There is a partial lunar eclipse coming sooner, however.

Others are reading: Free Full Moon Queso at Qdoba. How to get in Illinois

When is the next lunar eclipse?

A partial lunar eclipse will be visible in Illinois on Aug. 27-28, shining over the Americas, Europe, Africa and parts of Asia, according to NASA.

Provided you’re willing to stay up late to see it, the partial lunar eclipse will be at its maximum around 11:12 p.m., Thursday, Aug. 27, in Illinois.

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Until then, here’s what people in parts of the U.S. were seeing Tuesday morning.

See photos of the March 3 total lunar eclipse

Calendar of upcoming eclipses

When is the next solar eclipse?

The next solar eclipse will be visible to roughly 980 million people on Aug. 12, 2026, writes Time and Date.

A total solar eclipse will occur over Greenland, Iceland, Spain, Russia and a small area of Portugal, while a partial eclipse will be visible in Europe, Africa, North America, the Atlantic Ocean, Arctic Ocean and Pacific Ocean, NASA reports.

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Need help finding stars, planets and constellations? Try these free astronomy apps

The following free astronomy apps can help you locate stars, planets, and constellations.



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Illinois lawmakers consider tightening DUI law to 0.05 BAC

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Illinois lawmakers consider tightening DUI law to 0.05 BAC


COLLINSVILLE, Ill. (First Alert 4) – Right now, in Illinois, Missouri and most of the country, drivers must be at or over 0.08 to get a DUI. A proposal in the Illinois Statehouse would lower that threshold.

“Make it as safe as you possibly can out there,” said John Sapolis.

Collinsville resident John Sapolis said while lowering Illinois’ DUI threshold would not affect him, as he rarely drinks, he likes the idea of getting drinkers off the road.

“It’s bad enough out there driving around with people who are not drinking,” said Sapolis.

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If a bill passes in the Illinois House of Representatives, the blood alcohol limit would be lowered, meaning fewer drinks could put somebody over the line for a DUI.

Two Chicago-area lawmakers propose lowering the threshold from 0.08 to 0.05.

“Your body still is not in a proper state to really be behind the wheel,” said Erin Doherty, Regional Executive Director for Mothers Against Drunk Driving.

Doherty said even at 0.05, drivers are less coordinated and cannot track moving objects as well as when they are sober.

Utah is the only state in the country to have the 0.05 limit, and Doherty said one in five drivers there changed their behavior.

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“There are so many other options before getting behind the wheel,” said Doherty.

Sara Floyd used to live in Utah and now calls Collinsville home.

“The Midwest people like to have a few beers while they watch their Little League games

“In Utah, you can barely get alcohol at a gas station,” said Floyd.

She said the culture in Utah is very different and thinks there should be some wiggle room for drivers.

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“If one person had a beer within an hour period and then drove, they shouldn’t get a DUI for one drink,” said Floyd.

Doherty said they do not recommend driving even after a single drink.

“You really should not get behind the wheel when you’re any kind of impaired, one drink, five drinks, whatever that looks like, just don’t drive,” said Doherty.

While each body processes alcohol differently, according to the National Library of Medicine, in a two-hour period it takes a 170-pound man three to four drinks to reach 0.05, and it takes a 137-pound woman two to three drinks to reach the same state.

April Sage said she does not think this law would work, saying instead it would help more if the state added more public transit.

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“I could have three beers and get a ride home safely,” said Sage.

First Alert 4 reached out to a spokesman for the Illinois Department of Transportation to see if they had any comments on this bill. The spokesperson said they are not going to comment because it is pending legislation.

According to the Illinois Department of Public Health, fatal crashes involving one driver who had been drinking increased 4% from 2019 to 2022, despite multiple studies showing fewer Americans are drinking.



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