Marijuana investment firm 4Front Holdings raises $6M for out-of-state growth

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Cannabis investment and management firm 4Front Holdings has raised $6 million toward its multiple-state expansion.

The funds were raised through the issuance of convertible notes.

According to a news release, 4Front manages operating licenses in emerging, state-legal medical cannabis markets.

Here’s what you need to know:

  • The company – which has offices in Phoenix and Boston – manages MMJ dispensaries carrying the Mission brand and also develops medical cannabis products.
  • 4Front, which opened the first Mission-branded dispensary last summer in Chicago, and its partners are building out dispensaries in Illinois, Massachusetts, Maryland and Pennsylvania.
  • Last spring, 4Front raised $4 million through convertible loans that convert into equity.