Rapidly growing cannabis investment firm and multi-state operator
4Front is a leading investment and management firm in the U.S. cannabis sector. It has developed a national platform that consists of a multi-state retail footprint, a far-reaching network of partnership relationships, and operational efficiencies that allow it to take advantage of new opportunities as state-legal cannabis markets continue to open up. Led by a group of professionals with experience in finance, real estate, manufacturing, and multi-location retail and hospitality operations, 4Front brings to the table a comprehensive collection of management skills and hands-on operating expertise. It has invested heavily in its talent and capabilities in order to support the steep growth curve in front of it.
Demonstrated Success in Winning Licenses
Originally founded as a consulting firm, 4Front is designed from the ground up to successfully navigate disparate and complex regulated markets. Since 2011, it has quietly racked up successes while others have sought the limelight. To date, the 4Front team has obtained 50 operating licenses for partners in some of the country’s most competitive state-legal markets, including Massachusetts, Maryland, and Pennsylvania.
4Front is Obtaining Scarce Operating Licenses in New Markets
Beginning in 2015, 4Front began to evolve its business model beyond just consulting. It started to leverage its team’s unparalleled expertise—and supplemented it with new team members from the finance, real estate, multi-state retail and hospitality, and agricultural industries—to obtain controlling stakes in scarce operating licenses in attractive, often new, medical markets via de novo opportunities and acquisition. 4Front currently controls cannabis licenses permitting dispensary operations in Maryland and Pennsylvania and cultivation, processing and dispensary operations in Massachusetts and Illinois.
Medicinal Cannabis Operations under the Mission brand
4Front operates its brick-and-mortar medical cannabis operations under the Mission brand. Mission embodies the best practices developed by the 4Front team over several years operating in the industry, coupled with team members’ expertise honed at companies like Sweetgreen, Hillstone Restaurant Group, and Pulte Homes. With Mission, 4Front has developed an industry model for how to operate medical cannabis retail, processing, and cultivation facilities in a safe, secure, and professional manner.
4Front believes companies that control and manage market-protected cannabis operations in multiple states are likely to generate among the highest, risk-adjusted returns in the industry.
Significant Capital Raised to Date
4Front leadership holds 53.5% ownership and has raised over
$23mm in equity and convertible debt from both management and outside investors.
Experienced Management Team
CEO & Co-Founder
Josh provided seed capital to Kris Krane to form 4Front Advisors in 2011 and joined as a full-time team member in 2014 when 4Front Ventures was formed. Previously, he spent 13 years as an equity analyst and portfolio manager in the financial services industry, during which time he became one of the youngest vice presidents in Credit Suisse’s history. Josh moved into private equity in 2008 because he wanted to have a more meaningful impact on companies.
President & Founder
Having founded 4Front Advisors in 2011, Kris now serves as president of 4Front Ventures. Prior to forming 4Front, Kris served as director of client services for CannBe, a pioneer in developing best practices within the medical cannabis industry. Kris has dedicated his career to reforming the nation’s misguided drug policies, having served as associate director of NORML from 2000-2005 and executive director of Students for Sensible Drug Policy from 2006-2009. He currently serves on the NCIA board of directors.
Chief Operating Officer
As Chief Operating Officer, Leise helps coordinate and manage the company’s many projects around the country. She brings to the COO role more than a decade of experience managing strategy and operations for leading public policy organizations. She joined 4Front in 2013. As an integral member of the early 4Front Advisors team, she has helped dozens of prospective medical cannabis dispensary and cultivation businesses successfully navigate state-managed competitive application processes in several states.
Chief Investment Officer
Andrew joined 4Front in 2014 and has immersed himself over the past three years in every facet of the medical cannabis industry. Prior to his role at 4Front, Andrew was managing director of the BlackRock Small Cap Growth Fund at BlackRock Advisors LLC. During his 11-year involvement, the $2 billion fund ranked in the top five percent of all domestic small cap growth funds. He also had past stints at MFS Investment Management and BT Alex Brown.
As Controller, Clay is responsible for accounting and finance at 4Front. Clay has 20 years of experience in accounting and finance at companies ranging from Fortune 500s to startups. Prior to 4Front, Clay was Controller for a digital marketing agency startup. In addition to accounting and finance, Clay also brings experience in consulting, private equity, retail, consumer products, and real estate. Clay earned a degree in economics and business at UCLA.
Director of Retail Operations
Don is responsible for the retail development and roll-out of dispensaries that 4Front either controls or manages for partners. Don is an Army vet with U.S. and overseas assignments under his belt. After the military, Don applied his team-building experience to the retail & hospitality sector, where he helped best-in-class brands like Hillstone Restaurants, Starwood, and Le Pain Quotidien develop their cultures. As former VP of Ops for Sweetgreen, Don helped expand from 1 location to 30. He joined 4Front in early 2014.