First Phase of the Multiphase Expansion Project includes 250K Sq. Ft. Backed by Innovative Industrial Properties, Inc. with Anticipated Construction to Be Completed in Q4 2022; Facility to Create 500 New Livable Wage Jobs in the Village of Matteson Region and Help Meet Demands in Fast-Growing Illinois Cannabis Market 4Front Ventures Corp . a vertically integrated, multi-state cannabis operator and retailer, …
First Phase of the Multiphase Expansion Project includes 250K Sq. Ft. Backed by Innovative Industrial Properties, Inc. with Anticipated Construction to Be Completed in Q4 2022;
Facility to Create 500 New Livable Wage Jobs in the Village of Matteson Region and
Help Meet Demands in Fast-Growing Illinois Cannabis Market
4Front Ventures Corp . (CSE: FFNT) (OTCQX: FFNTF) ( “4Front” or the “Company” ), a vertically integrated, multi-state cannabis operator and retailer, announced the first closing of a multiphase expansion project to build an up to 558,000 sq. ft. cultivation and production facility ( the “Facility” ) in the Village of Matteson Illinois located outside of Chicago . Under the previously announced agreement, the first phase of 4Front’s multiphase expansion project is anticipated to include a 250,000 sq. ft. building, including 65,000 sq. ft. of flowering canopy and 70,000 sq. ft. of manufacturing space, which has been backed by Innovative Industrial Properties, Inc. (“IIP”) (NYSE: IIPR), the first and only real estate company on the New York Stock...
Read Full Story: https://investingnews.com/news/cannabis-investing/4front-ventures-corp.closes-on-the-first-phase-of-an-up-to-558k-sq.ft.cultivation-and-production-facility-in-illinois/
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