UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date
of earliest event reported): June 26, 2025 (
(Exact name of registrant as specified in its charter}
|
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices including zip code)
(
(Registrant’s telephone number including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(g) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Class A Subordinate Voting Shares, no par value | FFNTF | OTC Pink Markets | ||
| FFNT | CSE |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 1.03. | Bankruptcy or Receivership. |
On June 20, 2025, in the previously announced voluntary receivership proceedings titled In re 4Front U.S. Holdings, Inc. et al, case number 2584CV01405 in the Massachusetts Superior Court for Suffolk County, Business Litigation Session, an order was entered appointing Jacques Santucci of Opus Consulting LLC receiver (“Receiver”) over all the United States subsidiaries of 4Front Ventures Corp. (the “Company”).
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
With the appointment of the Receiver and the Company’s previously announced assignment pursuant to Canada’s Bankruptcy and Insolvency Act, on June 26, 2025, Kris Krane and David Daily resigned from the Company’s Board of Directors, effective that day. Mr. Krane was both the Chair of the Board and a member of the Audit Committee; Mr. Daily was a director and Chair of the Audit Committee. The resignations were not in connection with any disagreement with the Company about its operations, policies, or practices.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| 4FRONT | VENTURES CORP. | |||
| Date: June 26, 2025 | /s/ Andrew Thut | |||
| Andrew Thut | ||||
| Chief Executive Officer | ||||