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Howard Penney: "On to 4Front, we have three key points on that. Seasoned management team, Under Earnings assets, and the New Jersey Kicker. And I could add that to a NJ kicker/M&A kicker at the end.
But really what I like about 4Front is that you do have a seasoned management team that's been in Washington State that worked in a market, operated in a market, and became profitable in a market that has gone through a down cycle in Cannabis prices.
They've seen cannabis prices go from $1000 per pound, to $500 per pound, to now back up to $900 a pound. So they have literally had to become the low cost operator, and they're now taking that to other parts of the country in the other states they are operating in.
They come at the business knowing that profitability comes by being a great operator first. That's what I really like about this story."
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