SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person* KRANE KRISTOPHER (Last) (First) (Middle) C/O 4FRONT VENTURES CORP. 7010 E. CHAUNCEY LANE, SUITE 235 (Street) PHOENIX AZ 85054 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol 4Front Ventures Corp. [ FFNTF ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) President, Advocacy
	3. Date of Earliest Transaction (Month/Day/Year) 12/16/2024
	4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$0.01(1)	12/16/2024		A		400,000		(2)	12/16/2029	Class A Subordinate Voting Shares	400,000	(3)	4,729,840	D
Stock Option (right to buy)	$0.09(4)	12/16/2024		D			400,000	(2)	07/25/2029	Class A Subordinate Voting Shares	400,000	(3)	0	D
Stock Option (right to buy)	$0.01(1)	12/16/2024		A		600,000		(5)	12/16/2029	Class A Subordinate Voting Shares	600,000	(6)	4,729,840	D
Stock Option (right to buy)	$0.017(7)	12/16/2024		D			600,000	(8)	04/23/2028	Class A Subordinate Voting Shares	600,000	(6)	0	D
Stock Option (right to buy)	$0.01(1)	12/16/2024		A		1,000,000		(9)	12/16/2029	Class A Subordinate Voting Shares	1,000,000	(10)	4,729,840	D
Stock Option (right to buy)	$0.14(11)	12/16/2024		D			1,000,000	(12)	06/23/2028	Class A Subordinate Voting Shares	1,000,000	(10)	0	D
Stock Option (right to buy)	$0.01(1)	12/16/2024		A		2,729,840		(13)	12/16/2029	Class A Subordinate Voting Shares	2,729,840	$0	4,729,840	D

Explanation of Responses:

1. Converted from CAD$0.02 based on CAD-USD Bank of Canada exchange rate of 1.4239 on December 16, 2024.

2. No options vest until July 25, 2025, then 1/24th of the options vest each month.

3. The Reporting Person agreed to cancellation of an option granted on July 25, 2024, in exchange for a new option having a lower exercise price.

4. Converted from CAD$0.12 based on CAD-USD Bank of Canada exchange rate of 1.3819 on July 25, 2024.

5. The options vest in equal monthly increments at a rate of 1/24th per month, with all options vested on April 28, 2026.

6. The Reporting Person agreed to cancellation of an option granted on April 28, 2023, in exchange for a new option having a lower exercise price.

7. Converted from Canadian exercise price of C$0.23 using an exchange rate of C$1.3578 = US$1.00 as of April 28, 2023.

8. The option grant is subject to a one-year vesting cliff, thereafter the options will vest in equal monthly increments over a 24-month period.

9. Two-thirds of the options vested upon grant, and one-third of the options vest on December 31, 2024.

10. The Reporting Person agreed to cancellation of an option granted on June 23, 2023, in exchange for a new option having a lower exercise price.

11. Converted from Canadian exercise price of C$0.19 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.

12. The options vested one-third on December 23, 2023, one-third on June 23, 2024, and one-third on December 23, 2024.

13. Fully vested upon grant.

	/s/ Kris Krane	12/18/2024
	** 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 4 (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.