4 Front Co-Founder, Board Chair Kris Krane Resigns as Liquidation Begins

*PHOENIX –* On May 22, 2025, all U.S. subsidiaries of 4Front Ventures Corp
filed for voluntary receivership in aid of liquidation under the laws of
the Commonwealth of Massachusetts. These filings were made in the Business
Litigation Session of the Superior Court for Suffolk County in case no.
2584CV01405.

On June 20, the Court entered an order appointing Opus Consulting Partners,
LLC, through its principal Mr. Jacques Santucci, as Receiver for the
Subsidiaries and their associated assets. The Receiver has been granted
broad authority to operate, manage, and pursue the orderly sale of the
Subsidiaries to maximize value for creditors and stakeholders. The Receiver
is also authorized to engage Stone Blossom Capital LLC, whose principal is
Richard Ormond, as a senior strategic consultant and advisor in connection
with the process.

With the appointment of the Receiver and 4Front’s previously announced
assignment pursuant to Canada’s Bankruptcy and Insolvency Act, Kris Krane,
Chairman of the Board, and David Daily, Director, have today tendered their
resignations from the Company’s Board of Directors effective immediately.

Additional information regarding the Receivership may be obtained from the
Receiver; additional information regarding the Bankruptcy may be obtained
from B. Riley Farber Inc., the trustee.

Legal counsel to the Company is Foley Hoag LLP.
About 4Front Ventures Corp.

4Front is a national, vertically integrated multi-state cannabis operator
with operations in Illinois and Massachusetts and facilities in Washington.
Since its founding in 2011, 4Front has built a strong reputation for its
high standards and low-cost cultivation and production methodologies earned
through a track record of success in facility design, cultivation,
genetics, growing processes, manufacturing, purchasing, distribution, and
retail. To date, 4Front has successfully brought to market more than 20
different cannabis brands and over 1,800 products, which are strategically
distributed through its fully owned and operated Mission dispensaries and
retail outlets in its core markets.