0000899243-22-021321.txt : 20220607
0000899243-22-021321.hdr.sgml : 20220607
20220607145347
ACCESSION NUMBER: 0000899243-22-021321
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220413
FILED AS OF DATE: 20220607
DATE AS OF CHANGE: 20220607
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GULATI CHETAN
CENTRAL INDEX KEY: 0001838456
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-56075
FILM NUMBER: 221000993
MAIL ADDRESS:
STREET 1: 28 REICHERT CIRCLE
CITY: WESTPORT
STATE: CT
ZIP: 06880
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: 4Front Ventures Corp.
CENTRAL INDEX KEY: 0001783875
STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833]
IRS NUMBER: 000000000
STATE OF INCORPORATION: A1
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2900-550 BURRARD STREET
CITY: VANCOUVER
STATE: A1
ZIP: V6C 0A3
BUSINESS PHONE: (602) 682-7037
MAIL ADDRESS:
STREET 1: 2900-550 BURRARD STREET
CITY: VANCOUVER
STATE: A1
ZIP: V6C 0A3
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-04-13
0
0001783875
4Front Ventures Corp.
FFNTF
0001838456
GULATI CHETAN
C/O 4FRONT VENTURES CORP.
5060 N. 40TH STREET, SUITE 120
PHOENIX
AZ
85018
1
0
0
0
Class A Subordinate Voting Shares
2022-04-13
4
P
0
5565563
A
27026008
I
Navy Capital Green Fund, LP
Class A Subordinate Voting Shares
2022-04-13
4
P
0
154038
A
27180046
I
Navy Capital Green Co-Invest Fund, LLC
Class A Subordinate Voting Shares
2022-04-13
4
P
0
41696
A
27221742
I
Navy Capital Green Holdings, LLC
Warrant
1.00
2022-04-13
4
P
0
2107311
A
2024-04-13
Class A Subordinate Voting Shares
2107311
2107311
I
Navy Capital Green Fund, LP
The Reporting Person acquired a total of 5,761,297 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.
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.
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.
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 an period of five consecutive months.
/s/Chetan Gulati
2022-06-07