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Cannabis retail and brand development firm 4Front rakes in $31 mln

4Front, a U.S. cannabis retail and brand development company, has raised about $31 million in a private placement. Toronto-based investment banking firm Eight Capital was the lead agent and bookrunner on the transaction. 4Front will use the capital infusion for personnel hiring, the buildout of its dispensaries and cultivation facilities in multiple states and for M&A opportunities. 4Front has offices in Chicago, Phoenix, Boston, and Washington, DC.

Source: Press Release