EXHIBIT 17.1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date
of earliest event reported):
(Exact name of registrant as specified in its charter}
|
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices including zip code)
(
(Registrant’s telephone number including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 16, 2023, Amit Patel, a member of the Board of Directors (the “Board”) of 4Front Ventures Corp. (the “Company”) and the Chair of the Board’s Audit Committee, notified the Company of his resignation from the Board effective immediately. Mr. Patel’s resignation was not in connection with any known disagreement with the Company on any matter relating to its operations, policies, or practices.
The Company will seek a replacement to fill Mr. Patel’s seat on the Board. Effective with Mr. Patel’s resignation, current Board Chair Robert Hunt joined the Audit Committee and resigned from the Compensation Committee; current Board member and Compensation Committee Chair David Daily became interim Chair of the Audit Committee and ceased to be Chair of the Compensation Committee; and current Board member Kris Krane replaced Mr. Hunt on the Compensation Committee and became its interim Chair.
Item 9.01 Exhibits
| Exhibit Number | Description | |
| 17.1 | Letter from Amit Patel, dated May 16, 2023 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| 4FRONT | VENTURES CORP. | |||
| Date: May 22, 2023 | /s/ Leonid Gontmakher | |||
| Leonid Gontmakher | ||||
| Chief Executive Officer | ||||
EXHIBIT 17.1
Cover |
May 16, 2023 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | May 16, 2023 |
| Entity File Number | 000-56075 |
| Entity Registrant Name | 4FRONT VENTURES CORP. |
| Entity Central Index Key | 0001783875 |
| Entity Tax Identification Number | 83-4168417 |
| Entity Incorporation, State or Country Code | A1 |
| Entity Address, Address Line One | 5060 N. 40th Street |
| Entity Address, Address Line Two | Suite 120 |
| Entity Address, City or Town | Phoenix |
| Entity Address, State or Province | AZ |
| Entity Address, Postal Zip Code | 85018 |
| City Area Code | 602 |
| Local Phone Number | 633-3067 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | true |
| Elected Not To Use the Extended Transition Period | false |
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