08:33 AM EDT, 05/23/2025 (MT Newswires) -- 4Front Ventures ( FFNTF ) , a multi-state cannabis retailer, on Friday said that all its U.S. subsidiaries filed for a voluntary receivership ahead of liquidation on May 22.

The company intends to continue operating during the receivership process.

"The 4Front Board made this decision only as a last resort," said Chairman Kris Krane. "While we believe 4Front's cultivation and manufacturing operations are standouts and its retail stores have found exciting new ways to engage consumers, the liabilities on the company's balance sheet coupled with a lack of available financing for operations have forced us to file for a voluntary receivership in order to pursue an orderly sale of the company's businesses."