Is A Rally In Store? 4Front Ventures Corp (OTCMKTS:FFNTF)
4Front Ventures Corp (OTCMKTS:FFNTF) stock is moving in a narrow range since the opening session. The stock has been consolidating over the past few weeks after correcting 35% from its 52-week high. Nevertheless, the stock is still up 36% year-to-date.
Market Action
As of 12:32, FFNTF stock is unchanged to $1.2930 with more than 316K shares, compared to its average volume of 775K shares. The stock has moved within a range of $1.2500 – 1.3100 after opening the trade at $1.25.
Major Trigger:
4Front Ventures Corp. Makes $75,000 Contribution to Elk Grove Village, Illinois to Support Local Community and Its Health and Wellness Initiatives
Key Highlights:
- FFNTF announced it will contribute $75,000 to the Village of Elk Grove (“Elk Grove Village”), Illinois and three local community programs to support the Chicagoland community’s health and wellness initiatives.
- As part of the Company’s development and operating agreement for its 94,000-square-foot cultivation and manufacturing facility located in Elk Grove Village, Illinois, 4Front will present a $75,000 check to Elk Grove Village Mayor Craig B. Johnson during the Village Board Meeting on Tuesday, June 15, 2021 at 7:00 p.m. CT.
- 4Front’s generous contribution will include $30,000 to support the Elk Grove Village’s community events and outreach efforts, as well as $15,000 each to support the following organizations and programs:
- Elk Grove Village Cares Program (“EGV Cares”)”: This community-based strategy is focused on: tackling opioid addiction; helping those in need; and making Elk Grove Village a stronger, safer and healthier community.
- Elk Grove Village Police Drug Education: The Elk Grove Village Police Department Crime Prevention Unit is committed to establishing positive community relations through development, implementation, and perpetuation of comprehensive proactive crime prevention programs.
- Kenneth Young Youth Center (“KYC”): KYC Clinical Substance Use Prevention and Recovery Services provide clinical treatment interventions to people struggling with a wide range of substance use problems and disorders.
