4Front Ventures Corp. is a vertically-integrated cannabis company with cultivation, production and retail facilities spread across several states in the US.
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, can convert 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 to SVS at a ratio of 1 MVS to 1 SVS, and are entitled to 800 votes per MVS.
There are 385,784,443 SVS outstanding, 1,842,119 PVS convertible to 147,369,520 SVS outstanding and 1,276,208 MVS convertible to 1,276,208 outstanding for a total outstanding SVS of 534,430,171 on an as-converted basis.
Please see Section 10 - Description of Securities of 4Front's Form 2A Listing Statement for a further description of the SVS, PVS and MVS.