4Front Ventures Corp. (FFNTF) Financial Statements (2024 and earlier)

Company Profile

Business Address 7010 E. CHAUNCEY LANE STE. 235
PHOENIX, AZ 85054
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 2833 - Medicinal Chemicals and Botanical Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
3/31/2023
MRQ
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,60022,61018,932
Cash and cash equivalents4,60022,61018,932
Receivables8,6832,3445,492
Inventory, net of allowances, customer advances and progress billings27,38820,08718,037
Inventory27,38820,08718,037
Prepaid expense  2,2322,275
Disposal group, including discontinued operation   
Other undisclosed current assets5,3973,601 
Total current assets:46,06850,87444,736
Noncurrent Assets
Operating lease, right-of-use asset137,002 62,466
Nontrade receivables   7,595
Property, plant and equipment55,38242,63333,618
Long-term investments and receivables   91
Accounts and financing receivable, after allowance for credit loss   91
Intangible assets, net (including goodwill)84,18449,40151,945
Goodwill53,95523,15523,155
Intangible assets, net (excluding goodwill)30,22926,24628,790
Deposits noncurrent assets5,8685,3644,305
Other undisclosed noncurrent assets5,242107,267 
Total noncurrent assets:287,678204,665160,020
TOTAL ASSETS:333,746255,539204,756
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities51,22426,09916,224
Taxes payable23,96811,502
Accounts payable12,0482,1314,722
Accrued liabilities39,176  
Deferred revenue 682  
Debt  6,1975,024
Derivative instruments and hedges, liabilities 3,5025,807
Disposal group, including discontinued operation   
Business combination, contingent consideration, liability   2,393
Other undisclosed current liabilities23,12213,0408,336
Total current liabilities:75,02848,83837,784
Noncurrent Liabilities
Long-term debt and lease obligation41,721157,727113,536
Long-term debt, excluding current maturities41,72164,61661,991
Liabilities, other than long-term debt147,52710,2429,633
Deferred revenue 2,000  
Deferred income tax liabilities8,0247,8496,530
Operating lease, liability137,50393,11151,545
Business combination, contingent consideration, liability  2,3933,103
Other undisclosed noncurrent liabilities51,4911,2001,600
Total noncurrent liabilities:240,739169,169124,769
Total liabilities:315,767218,007162,553
Equity
Equity, attributable to parent, including:17,88137,46042,151
Additional paid in capital60,43152,19742,116
Accumulated deficit(347,152)(288,857)(250,548)
Other undisclosed equity, attributable to parent304,602274,120250,583
Equity, attributable to noncontrolling interest987252
Total equity:17,97937,53242,203
TOTAL LIABILITIES AND EQUITY:333,746255,539204,756

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
3/31/2023
TTM
12/31/2021
12/31/2020
Revenues117,337104,56657,635
Cost of revenue
(Cost of Goods and Services Sold)
(65,532)  
Other undisclosed gross profit  (55,170)(21,124)
Gross profit:51,80549,39636,511
Operating expenses(62,424)(63,502)(69,121)
Operating loss:(10,619)(14,106)(32,610)
Nonoperating income (expense)(1,189)6281
Investment income, nonoperating2215(682)
Other nonoperating income (expense)(1,211)47763
Interest and debt expense(13,391)(13,704)(14,181)
Loss from continuing operations before equity method investments, income taxes:(25,199)(27,748)(46,710)
Other undisclosed income from continuing operations before income taxes5,6343,3901,767
Loss from continuing operations before income taxes:(19,565)(24,358)(44,943)
Income tax expense(12,868)(13,931)(15,049)
Loss from continuing operations:(32,433)(38,289)(59,992)
Loss before gain (loss) on sale of properties:(21,041)(38,289)(47,005)
Income (loss) from discontinued operations  12,987
Net loss:(32,433)(38,289)(47,005)
Net loss attributable to noncontrolling interest(20)(20)(46)
Other undisclosed net income attributable to parent  76,618 
Net income (loss) available to common stockholders, diluted:(32,453)38,309(47,051)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
TTM
12/31/2021
12/31/2020
Net loss:(32,433)(38,289)(47,005)
Comprehensive loss:(32,433)(38,289)(47,005)
Comprehensive loss, net of tax, attributable to noncontrolling interest(20)(20)(46)
Comprehensive loss, net of tax, attributable to parent:(32,453)(38,309)(47,051)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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