SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Frederick Nicole

(Last)

(First)

(Middle)

C/O 4FRONT VENTURES CORP.,

7010 E. CHAUNCEY LANE STE. 235

(Street)

PHOENIX

85054

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/31/2023

3. Issuer Name and Ticker or Trading Symbol
4Front Ventures Corp. [ FFNTF ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	See Remarks

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Options (Right to Buy)	04/28/2023⁽¹⁾	04/28/2028	Class A Subordinate Voting Shares	100,000	$0.17⁽²⁾	D
Stock Options (Right to Buy)	07/19/2023⁽³⁾	07/19/2028	Class A Subordinate Voting Shares	75,000	$0.16⁽⁴⁾	D
Stock Options (Right to Buy)	07/24/2023⁽⁵⁾	07/24/2028	Class A Subordinate Voting Shares	30,000	$0.13⁽⁶⁾	D

Explanation of Responses:

1. This option was granted on April 28, 2023 and remains unvested until September 28, 2023. Thereafter, 1/24th of the option will vest monthly.

2. Converted from Canadian exercise price of C$0.23 using an exchange rate of C$1.35 = US$1.00.

3. This option was granted on July 19, 2023 and remains unvested until December 31, 2023. Thereafter, the option will be fully vested.

4. Converted from Canadian exercise price of C$0.21 using an exchange rate of C$1.35 = US$1.00.

5. This option was granted on July 24, 2023 and vests as follows: one-third on January 24, 2024, one-third on July 24, 2024, and one-third on January 24, 2025.

6. Converted from Canadian exercise price of C$0.18 using an exchange rate of C$1.35 = US$1.00.

Remarks:

Interim Chief Financial Officer

	/s/ Nicole Frederick	09/27/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.