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.
美國多州大麻運營商4Front Ventures Corp.（CSE: FFNT）（場外交易代碼：FFNTF）週四宣佈其2024年第三季度收入爲1710萬美元，低於上一季度的1,870萬美元。該公司強調了隨着馬特森工廠產量的增加，馬薩諸塞州取得了可觀的進展，伊利諾伊州的發展前景看好。
Q3 2024 Financial Highlights
2024 年第三季度財務摘要
- 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.
- 收入爲1710萬美元，較2023年第三季度的2300萬美元有所減少。
- 淨虧損爲640萬美元，較2023年第三季度的6,210萬美元淨虧損有所改善。
- 調整後的息稅折舊攤銷前利潤爲100萬美元，而2023年第三季度調整後的息稅折舊攤銷前利潤虧損爲480萬美元。
- 毛利爲370萬美元，低於2023年第三季度的930萬美元。
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.
馬特森工廠已接近滿負荷運轉，預計將解決伊利諾伊州的供應限制，提高4Front的市場份額。首席執行官安德魯·圖特強調了強勁的需求。「對馬特森製作的早期反應非常積極。」利用新的供應協議，該設施的可擴展性與戰略增長計劃一致。
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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.
在持續的高質量生產的推動下，馬薩諸塞州的批發收入同比增長了56％。同時，在華盛頓，4Front恢復了創紀錄的收入，展示了其在競爭激烈的市場中的適應能力。
New product launches, including the "Smoke Breaks" pre-rolls, expanded the company's offerings in Illinois and Massachusetts.
包括 「Smoke Breaks」 預卷在內的新產品的發佈擴大了該公司在伊利諾伊州和馬薩諸塞州的產品範圍。
4Front's CEO Optimistic Amid Regulatory Uncertainty
4Front 首席執行官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.
圖特說：「儘管聯邦大麻改革存在不確定性，但我們仍持樂觀態度，尤其是有跡象表明即將上任的政府中可能會有意想不到的擁護者。」該公司預計，其運營勢頭將持續到第四季度，目標是正現金流和擴大市場覆蓋面。
Read Also: Cannabis Stocks Pop Chris Christie's Prediction On Trump
另請閱讀：大麻股流行克里斯·克里斯蒂對特朗普的預測
Capital Optimization, Product Diversification To Drive Expansion
資本優化，產品多元化以推動擴張
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還聘請了Canaccord Genuity來優化其資本結構，此舉旨在確保增長資本和提高財務業績。隨着Matteson設施的擴大以及對產品線多元化的重視，該公司正朝着持續的運營增長和股東價值的方向發展。
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
週四收盤時，FFNTF的股價下跌了11.76％，至每股0.03美元。
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Image created using artificial intelligence with Midjourney
在 Midjourney 中使用人工智能創建的圖像
譯文內容由第三人軟體翻譯。
