Chetan Gulati - 13 Apr 2022 Form 4/A - Amendment Insider Report for 4Front Ventures Corp. (FFNTF)

Role: Director
Signature: /s/Chetan Gulati
Issuer symbol: FFNTF
Transactions as of: 13 Apr 2022
Net transactions value: $0
Form type: 4/A - Amendment
Filing time: 08 Jun 2022, 12:51:35 UTC
Date Of Original Report: 07 Jun 2022
Previous filing: 08 Oct 2021
Next filing: 08 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FFNTF	Class A Subordinate Voting Shares	Other		+5,565,563	+26%		27,026,008	13 Apr 2022	Navy Capital Green Fund, LP	F1, F2, F3, F4
transaction	FFNTF	Class A Subordinate Voting Shares	Other		+154,038	+0.57%		27,180,046	13 Apr 2022	Navy Capital Green Co-Invest Fund, LLC	F1, F2, F3, F4
transaction	FFNTF	Class A Subordinate Voting Shares	Other		+41,696	+0.15%		27,221,742	13 Apr 2022	Navy Capital Green Holdings, LLC	F1, F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FFNTF	Warrant	Other		+2,107,311			2,107,311	13 Apr 2022	Class A Subordinate Voting Shares	2,107,311	$1.00	Navy Capital Green Fund, LP	F1, F2, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 4 is being amended to correct the transaction code from "P" to "J". The Reporting Person acquired a total of 5,761,297 Class A Subordinate Voting Shares and warrants exercisable for up to 2,107,311 Class A Subordinate Voting Shares in connection with the Company's acquisition of Island Global Holdings, Inc.
F2	The Reporting Person acquired a total of 5,761,297 Class A Subordinate Voting Shares and warrants exercisable for up to 2,107,311 Class A Subordinate Voting Shares in exchange for consideration with a total fair market value of $4,192,562, or $0.73 per each share of Class A subordinate Voting Shares acquired, in connection with the Company's acquisition of Island Global Holdings, Inc.
F3	Does not include 2,107,311 Class A Subordinate Voting Shares underlying the warrants issued on April 13, 2022 held by the Reporting Person, which are reported on Table II of this Form 4.
F4	The Reporting Person has voting and dipositive control over these shares as he is Managing Member, Head of Research and sits on the investment committee of Navy Capital Green Management, LLC, the investment advisor to Navy Capital Green Fund, LP and Navy Capital Green Co-Invest Fund, LLC and manager of Navy Capital Green Holdings, LLC.
F5	The warrants become exercisable once the California business operations of the Company achieve a generate gross revenues in excess of $4,000,000 per month for at least three months in a period of five consecutive months.