07:58 AM EDT, 05/17/2024 (MT Newswires) -- 4Front Ventures ( FFNTF ) , a cannabis retailer, said Friday that its first-quarter net loss widened as revenue fell, driven down in part by decreases in Massachusetts and Illinois.

The company reported a first-quarter net loss from continuing operations of US$18.3 million, or US$0.02 per share, wider than a loss of US$7.8 million, or US$0.01 per share, a year earlier.

Revenue for the quarter ended March 31 was US$18.8 million, down from US$26.3 million a year earlier. In Massachusetts, revenue dropped to US$8 million from US$9.3 million in the fourth quarter of 2023, influenced by seasonal trends and lower flower yields and pricing, the company said.

In Illinois, revenue dropped slightly to US$8.5 million from US$8.7 million, driven by similar seasonal factors and market price adjustments, the company noted.

Adjusted EBITDA for Q1 was US$2.5 million, down from US$5.9 million a year earlier.