4Front Ventures Corp. (CNSX:FFNT) entered into a definitive agreement to acquire Certain Assets from California Loyal, Inc. for $7.1 million on August 15, 2022. The Company issued 3,750,000 SVS, was a deemed value of $0.56 per share, or a total estimated valuation of $2.1 million for the asset acquisition of certain assets of Bloom Farms. In addition to the consideration transferred, there is an earn-out consideration based on the actual revenue in excess of $2.1 million generated from the brands within California during the first 12 months after the closing. This earnout consideration cannot exceed $5 million.

4Front Ventures Corp. (CNSX:FFNT) completed the acquisition of Certain Assets from California Loyal, Inc. on August 19, 2022.