Marijuana MSO 4Front enters $30M sale-leaseback deal to pay down debt

MJBizDaily
By John SchroyerOct 28, 2020, 3:00 pm236 pts
Multistate operator 4Front Ventures is utilizing a $30 million sale-leaseback transaction to rid itself of debt to a corporate lender, the company said. The all-cash deal with California-based Innovative Industrial Properties (IIP) involves the sale of cultivation and production facilities owned by 4Front in…

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