4Front Ventures Corp. announced that it has entered into a $10 million senior secured credit facility agreement on October 16, 2023. The transaction will include participation from new lender, ALT Debt II, LP, managed by Altmore Capital Investment Management, LLC.

The funds will be disbursed in two tranches. The credit facility will bear simple interest at a rate per annum equal to the greater of (i) the WSJ Prime Rate plus 7% and (ii) 15.5%, payable monthly and the maturity date of the credit facility will be September 30, 2026.