Cannabis Co. 4Front Sees Loss Narrow In Q3, Major Growth In MA, IL
Cannabis Co. 4Front Sees Loss Narrow In Q3, Major Growth In MA, IL
New product launches, including the "Smoke Breaks" pre-rolls, expanded the company's offerings in Illinois and Massachusetts.4Front Ventures Corp. (CSE:FFNT) (OTC:FFNTF), a U.S. multi-state cannabis operator, announced its Q3 2024 revenue Thursday of $17.1 million, down from $18.7 million in the previous quarter. The company highlighted substantial gains in Massachusetts and promising developments in Illinois as the Matteson facility ramps up production.
4Front Ventures Corp. (cse:FFNT) (場外交易:FFNTF)，一家美國多州大麻股運營商，週四公佈了2024年第三季度營業收入爲1710萬，較上一季度的1870萬有所下降。該公司強調了馬薩諸塞州的顯著增益以及伊利諾伊州的有希望的發展，因爲馬特森工廠正在加速生產。
Q3 2024 Financial Highlights
2024年Q3財務亮點：
- Revenue was $17.1 million, a decrease from $23 million in Q3 2023.
- Net Loss was $6.4 million, an improvement from a net loss of $62.1 million in Q3 2023.
- Adjusted EBITDA was $1 million, compared to an adjusted EBITDA loss of $4.8 million in Q3 2023.
- Gross Profit was $3.7 million, down from $9.3 million in Q3 2023.
- 營業收入爲1710萬，較2023年第三季度的2300萬減少。
- 淨虧損爲640萬，相較於2023年第三季度的淨虧損6210萬有所改善。
- 調整後的EBITDA爲100萬，而2023年第三季度的調整後EBITDA虧損爲480萬。
- 毛利潤爲370萬，較2023年第三季度的930萬下降。
Scalable Production, Strategic Expansion Powers Market Growth
可擴展的生產、戰略擴張推動市場增長
The Matteson facility, nearing full operational capacity, is expected to address Illinois' supply constraints, boosting 4Front's market share. CEO Andrew Thut stressed the strong demand. "Early responses to Matteson's production have been highly positive." The facility's scalability aligns with strategic growth plans, leveraging new supply agreements.
馬特森工廠即將達到全面運營能力，預計將解決伊利諾伊州的供應限制，提升4Front的市場份額。首席執行官安德魯·圖特強調了強勁的需求。"對馬特森生產的早期反饋非常積極。" 該工廠的可擴展性與戰略增長計劃相符，利用新的供應協議。
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Massachusetts saw a 56% quarter-over-quarter growth in wholesale revenue, driven by consistent high-quality production. Meanwhile, in Washington, 4Front returned to record revenues, showcasing its adaptability in competitive markets.
馬薩諸塞州的批發營業收入環比增長了56%，這得益於持續高質量的生產。同時，在華盛頓，4Front的營業收入創下新紀錄，展示了其在競爭市場中的適應能力。
New product launches, including the "Smoke Breaks" pre-rolls, expanded the company's offerings in Illinois and Massachusetts.
包括「煙休」預捲菸在內的新產品發佈，擴展了公司在伊利諾伊州和馬薩諸塞州的產品線。
4Front's CEO Optimistic Amid Regulatory Uncertainty
4Front的CEO在監管不確定性中保持樂觀
"Despite the uncertainties surrounding federal cannabis reform, we're optimistic, especially given signs that we may have unexpected advocates in the incoming administration," said Thut. The company expects its operational momentum to continue into Q4, targeting positive cash flows and expanded market reach.
「儘管聯邦大麻改革存在不確定性，但我們仍然樂觀，尤其是考慮到新政府可能會有意想不到的支持者，」 Thut說。公司預計其運營勢頭將在第四季度繼續，目標是實現正現金流和擴大市場覆蓋。
Read Also: Cannabis Stocks Pop Chris Christie's Prediction On Trump
另請閱讀：大麻股因克里斯·克里斯蒂對特朗普的預測而上漲
Capital Optimization, Product Diversification To Drive Expansion
資本優化和產品多樣化驅動擴張
4Front has also retained Canaccord Genuity to optimize its capital structure, a move aimed at securing growth capital and enhancing financial performance. With the scaling of the Matteson facility and a focus on diversifying its product lines, the company is heading for sustained operational growth and shareholder value.
4Front還保留了Canaccord Genuity來優化其資本結構，這一舉措旨在確保增長資本並提升財務表現。隨着Matteson工廠的擴展及其對多樣化產品線的關注，公司正朝着持續的運營增長和股東價值邁進。
FFNTF Price Action
FFNTF's shares were trading 11.76% lower at $0.03 per share at the time of market close Thursday.
FFNTF價格走勢
FFNTF的股票在週四市場收盤時交易價格爲每股$0.03，下降了11.76%。
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Image created using artificial intelligence with Midjourney
使用人工智能和Midjourney創建的圖片
譯文內容由第三人軟體翻譯。
