4Front Ventures Corp. (CSE:FFNT) (OTCQX:FFNTF), a vertically integrated, multi-state cannabis operator and retailer, announced its financial results late Monday for the second quarter ended June 30, 2022. 4Front reported pro forma revenue (non-GAAP measure) was $34.5 million, an increase of 6% from the first quarter of 2022. Meanwhile, an adjusted EBITDA (also non-GAAP) of $9.2 million in the second quarter, represented an increase of 2% from the first quarter of 2022.
