First overview of companies that have proven their management excellence in the middle market
PHOENIX, November 2, 2021 / CNW / – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company”), a vertically integrated multi-state cannabis operator and retailer, was appointed in Inc.the first annual list of the best-run companies in – a selected, data-based list of the strongest US companies in the mid-market, with annual revenues of $ 50 million To $ 2 billion, assessed on a 12-point measure of management excellence. This new program is the first Inc. recognition list to honor public and private companies.
The final list recognizes 250 companies agile enough to maneuver but also large enough to have a big impact. In total, these companies employ 35 million people, or about a quarter of the US workforce. All 250 have a successful track record of leadership teams that drive strong performance, create value, enter markets and interact with customers.
To be on the list, employees at each company were required to complete an application form and answer questions about their company’s performance, management team and leadership. The candidates were then analyzed via an algorithm that identified the best companies based on the exceptional achievements of their management teams in four key areas: performance and value creation; market penetration and customer engagement; Talent; and the management team.
“This inaugural list represents the remarkable mid-size companies, both public and private, often run by founders, who are at the forefront of reinventing American commerce,” said Scott Omelianuk, editor-in-chief of Inc. magazine. “Through their leadership, all businesses will enjoy an exciting, competitive and full of opportunity future.”
“After dedicating more than a decade of hard work to becoming one of the most successful cannabis companies in the world, we are honored to be included in Inc.the first annual list of best-run companies, âsaid 4Front CEO Leo Gontmakher. âWe have remained focused on our mission to develop and deliver an unrivaled family of brands, superior cannabis genetics, and innovative production and cultivation methodologies. Most importantly, we’ve always stuck to our belief in doing business the right way. Our people are our greatest asset. Not only are they great at what they do, they’re even better at what they are. As we continue to take strategic action in the cannabis industry, we will continue to be fueled by the leadership skills and passion of our employees and our shared support for the therapeutic potential of the cannabis plant. “
To compile the list, Inc. assessed public and private companies based in the United States with a 2020 turnover of $ 50 million To $ 2 billion or an assessment of $ 50 million To 10 billion dollars, using a proprietary 12-point measure of management excellence, which was generated with input from Pitchbook partners and Shango Laboratories.
Since its inception in 2011, the 4Front team of experienced professionals, entrepreneurs, scientists, engineers, advocates and original thinkers have been advancing the future of cannabis. With operations and facilities in California, Illinois, Massachusetts, Michigan, and facilities managed in Washington, the company makes some of the best cannabis products in the world. Over the past decade, the 4Front R&D team has researched and developed over 20 different cannabis brands and 1,800 different cannabis infused products.
Recently, 4Front started operations at one of the largest and most efficient cannabis manufacturing facilities in the world, in Commerce, California. The 170,000 square foot facility (the “Commercial Facility” or “Facility”) manufactures both internal brands and partner brands, with product categories including infused pre-rolls, gummy candies, hard candies, chews, toffees, mints, capsules, vapes, tinctures and other manufactured infused products. Earlier this year, 4Front also completed the first phase of its multi-phase expansion project to construct a growing and production facility of up to 558,000 square feet (the âFacilityâ) in the Matteson village, Illinois, located outside Chicago.
Gontmakher added, âPromoting cannabis is at the heart of everything we do. From superior genetics and proven cultivation and manufacturing methodologies to streamlined packaging and distribution to our consumer-centric retail approach, we will continue to be committed to fostering a better cannabis industry for all people. . “
To see the full list, visit https://www.inc.com/best-led-companies.
The November issue of Inc. the magazine is available online now at https://www.inc.com/magazine and will be on newsstands from November 9, 2021.
For more information visit https://4frontventures.com and https://missiondispensaries.com/.
The world’s most trusted business media brand, Inc., gives entrepreneurs the knowledge, tools, connections and community they need to build great businesses. Its award-winning cross-platform content reaches more than 50 million people each month across a variety of channels, including websites, newsletters, social media, podcasts and print. Its prestigious Inc. The 5000 list, produced annually since 1982, analyzes company data to identify the fastest growing private companies in United States. The global recognition that comes with inclusion in the 5000 allows founders of the best companies to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent. The partner Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information visit www.inc.com.
About 4Front Ventures Corp.
4Front Ventures Corp. (“4Front” or the “Company”) (CSE: FFNT) (OTCQX: FFNTF) is a vertically integrated, multi-state national cannabis operator that owns or manages operations and facilities in strategic markets for medical and adult cannabis, including California, Illinois, Massachusetts, Michigan and Washington. Since its founding in 2011, 4Front has built a solid reputation for its high standards and low cost cultivation and production methodologies, gained through successful experience in facility design, cultivation, genetics, process of cultivation, manufacturing, purchasing, distribution and retailing. . To date, 4Front has successfully marketed over 20 different cannabis brands and over 1,800 products, which are strategically distributed through its wholly-owned Mission dispensaries and outlets and operated in its major markets. As the Company continues to create value for its shareholders, its team applies its decade of industry expertise to the entire value chain and ecosystem of the cannabis industry. For more information visit https://4frontventures.com/.
Statements in this press release that are forward-looking statements are subject to various risks and uncertainties regarding specific factors disclosed here and elsewhere in 4Front Ventures’ periodic filings with securities regulatory authorities. When used in this press release, words such as “will, could, plan, estimate, expect, intend, may, potential, believe, should” and similar expressions, are forward-looking statements. .
Forward-looking statements may include, without limitation, statements relating to future developments and the activities and operations of 4Front Ventures, statements regarding when or if the transactions will be closed or if / when the conditions required for closing will be met, the impact of transactions on the business of 4Front and other statements regarding future business developments. Although 4Front Ventures has attempted to identify material factors that could cause actual results, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that may cause actual results, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that may cause that the results, performance or achievements are not as expected, estimated or expected, including, but not limited to: dependence on the satisfaction of closing conditions, [obtaining regulatory approvals]; and engaging in activities currently considered illegal under US federal law; modification of laws; limited operating history; dependence on management; additional financing needs; competetion; hamper market growth and state adoption due to inconsistent public opinion and perception of the medical and adult marijuana industry and; regulatory or policy change.
There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates regarding future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.
Therefore, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this press release are made as of the date of this press release. 4Front Ventures disclaims any intention or obligation to update or revise this information, except as required by applicable law, and 4Front Ventures assumes no responsibility for the disclosure relating to any other company mentioned herein.
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