UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): December 1, 2023 (
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective November 30, 2023, Nicole Frederick resigned as Interim Chief Financial Officer of 4Front Ventures Corp. (the “Company”) to pursue another opportunity.
Effective December 1, 2023, the Company appointed Peter Kampian as Chief Financial Officer of the Company.
Mr. Kampian, 64, is a seasoned executive with over two decades of financial expertise gained through various roles, including his tenure as the Chief Financial Officer of Algonquin Power and Utilities Corp., where he led and supported debt and equity capital raising initiatives, along with numerous acquisitions. Mr. Kampian also held the role of CFO at Mettrum Health Corp., which was later acquired by Canopy Growth Corp., and serves as CFO at Electryon Power Inc. and Huxley Health Inc. In addition to his executive roles, Mr. Kampian has served on several boards, such as Aduro Clean Technologies Inc., Harborside Inc., Greenbutts Inc., Red Pine Exploration Inc., and as a director at Origin House, a cannabis branding and distribution company based in California. Most recently, he has applied his expertise as the Chief Restructuring Officer for the Canadian cannabis companies PharmHouse Inc. and Muskoka Grown Limited. He is a CPA and received a Bachelor of Business Administration from Wilfrid Laurier University
In connection with his appointment, the Company and Mr. Kampian entered into a Consulting Agreement effective December 1, 2023 (the “Agreement”). Pursuant to the terms of the Agreement, Mr. Kampian will receive a monthly payment consisting of (i) US$28,000 in cash and (ii) US$5,333 in restricted stock units of the Company. The terms of the RSUs will be agreed upon at a later date. . Mr. Kampian shall also be entitled to a bonus, the terms of which will be agreed upon by the Company and Mr. Kampian at a later date.
The summary above is not complete and is qualified in its entirety by the Agreement, a copy of which will be attached as an exhibit to the Company’s Annual Report on Form 10-K for the year ending December 31, 2023.
There are no arrangements or understandings between Mr. Kampian, and any other person pursuant to which Mr. Kampian was selected as an officer of the Company. Mr. Kampian does not have any family relationship with any director or executive officer of the Company. There are no related party transactions as of the date hereof between Mr. Kampian and the Company that would require disclosure under Item 404(a) of Regulation S-K.
Item 9.01 Exhibits
| Exhibit Number | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
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.
Dated: December 1, 2023
| 4FRONT VENTURES CORP. | |
| By: | /s/ Leonid Gontmakher |
| Leonid Gontmakher | |
| Chief Executive Officer and Director | |