4Front Ventures Corp. is a vertically integrated cannabis company with cultivation, production and retail facilities spread across certain states in the United States.

Share Classes

4Front has three classes of shares: Subordinate Voting Shares (“SVS”), Proportionate Voting Shares (“PVS”), and Multiple Voting Shares (“MVS”).

SVS are publicly traded on the CSE and are entitled to one vote.  PVS are not publicly-traded, however they can convert, subject to certain restrictions, to SVS at a ratio of 1 PVS to 80 SVS, and are entitled to 80 votes per PVS.  MVS are not publicly traded, can convert, subject to certain restrictions, to SVS at a ratio of 1 MVS to 1 SVS, and are entitled to 800 votes per MVS. A table summarizing rights of conversion and voting, in addition to total outstanding share counts on a current and as-converted basis is included below:

Accordingly, there are currently 120,408,927 SVS shares outstanding and 410,443,490 SVS shares reserved for the conversion of the PVS and MVS shares.

Please see Section 10 – Description of Securities, of 4Front Venture’s Form 2A Listing Statement for a further description of the SVS, PVS, and MVS .