Cannabis Company, 4Front Ventures Corp., Named in Inc.’s First Annual Best Led Companies

First Ever Roundup of Companies that Proved Management Excellence across the Middle Market

PHOENIX, November 2, 2021 – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company”), a vertically integrated, multi-state cannabis operator and retailer, has been named in Inc.’s first annual Best Led Companies list – a select, data-driven list of the strongest U.S. firms across the middle market, with annual revenues of $50 million to $2 billion, evaluated on a  12-point measure of management excellence. This novel program is the first Inc. recognition list to honor both public and private companies.

The final list recognizes 250 companies that are agile enough to maneuver but also big enough to have a broad impact. In total, these companies employ 35 million people, about one-fourth of the US  workforce. All 250 have a successful track record of having leadership teams that spur solid performance, create value, penetrate markets, and engage with customers.

To be considered for the list, employees at each company had to fill out an application, answering questions about their company’s performance, executive team, and leadership. Applicants were then analyzed via an algorithm that identified the very best companies according to their leadership teams’ superlative accomplishments in four key areas: performance and value creation; market penetration and customer engagement; talent; and leadership team.

“This inaugural list represents the remarkable mid-sized companies, both public and private, often founder-led, that are at the vanguard of reinventing American business,” said Scott Omelianuk, editor-in-chief of Inc. magazine. “With their leadership, all businesses will benefit from an exciting, competitive future full of possibilities.”

“After putting in more than a decade of hard work and becoming one of the world’s most efficient cannabis companies out there, we are honored to be included in Inc.’s first annual Best Led Companies list,” said 4Front CEO Leo Gontmakher. “We have remained focused on our mission of developing and delivering an unmatched family of brands, superior cannabis genetics, and innovative production and cultivation methodologies. Most importantly, we’ve always stayed true to our belief of doing business the right way. Our people are our greatest asset. Not only are they great at what they do – they’re even better at who they are. As we continue to make strategic moves in the cannabis sector, we will continue to be fueled by our people’s leadership skills and passion and our shared support for the therapeutic potential of the cannabis plant.”

To compile the list, Inc. evaluated public and private U.S.–based companies with a 2020 revenue of $50 million to $2 billion or a valuation of $50 million to $10 billion, by using a proprietary 12-point measure of management excellence, which was  generated with input from partners at Pitchbook and Shango Labs.

Since it was founded, in 2011, 4Front’s team of experienced professionals, entrepreneurs, scientists, engineers, advocates, and out-of-the-box thinkers have been advancing the future of cannabis. With operations and facilities in California, Illinois, Massachusetts, Michigan, and managed facilities in Washington, the Company makes some of the world’s best cannabis products. In the last decade, 4Front’s R&D team has researched and developed more than 20 different cannabis brands and 1,800 different cannabis-infused products.

Recently, 4Front commenced operations at one of the largest, most efficient cannabis manufacturing facilities in the world, in Commerce, California. The 170,000 sq. ft. facility (the “Commerce Facility” or “Facility”) is manufacturing both in-house and partner brands, with product categories including infused pre-rolls, gummies, hard candies, fruit chews, caramels, mints, soft gel capsules, vapes, tinctures, and other manufactured infused products. Earlier this year, 4Front also closed the first phase of its multiphase expansion project to build an up to 558,000 sq. ft. cultivation-and-production facility (the “Facility”) in the Village of Matteson, Illinois, located outside of Chicago.

Gontmakher added, “Advancing cannabis is at the heart of everything we do. From superior genetics to proven cultivation and manufacturing methodologies to streamlined packaging and distribution to our consumer-first retail approach, we will continue to be committed to fostering a better cannabis industry for everyone.”

To see the complete list, visit https://www.inc.com/best-led-companies.

The November issue of Inc. magazine is available online now at https://www.inc.com/magazine and will be on newsstands beginning November 9, 2021.

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