STAFF REPORT
4Front Ventures Corp. an operator of “strategically aligned cannabis-related businesses,” including a 100,000 square foot warehouse in Commerce, released its unaudited financial results for the quarter ended September 30, 2019.
The company’s reported loss was $6,864,420 after interest, taxes, depreciation, and amortization, known as EBITDA.
The company later announced it has signed a letter of intent to divest 100% of its economic interests associated with three dispensary licenses in Arkansas for a combination of cash and debt.
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All you have to do is go for a walk in a residential neighborhood, any city, residents have pot plants growing in their: front entryways, backyard patios, upstairs bathroom windows, and most fireplaces been converted to mini pot Farms.
Public is starting to grow their own pot resources on their property in order to evade that 16% sales tax. Residents who medically depend on pot products, are not going to pay exorbitant sales tax of 16%.
Invitation, next time you see some Real Estate open house signs, stop by and look, might not have pot growing on that property; look out the upstairs windows at the surrounding houses, sure you’ll see pot here and there and everywhere! When winter rains stop, pot siblings will be sprouting in concrete cracks everywhere.
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