4Front Ventures Corp. (CSE:FFNT) (OTCQX:FFNTF) reported its financial results Wednesday for the quarter ended June 30, 2024. The Arizona-headquartered multi-state operator disclosed revenue of $18.7 million, compared to $27.2 million in the corresponding quarter of the previous year and $18.8 in the previous quarter. For the second quarter, its Illinois facility reported total revenue of $8.2 million, slightly down from $8.5 million in Q1. This decrease was primarily influenced by heightened competition and inconsistent in-store traffic. At the same time, wholesale revenue in Illinois improved 10%. Meanwhile, Massachusetts showed a positive trend, with total revenue increasing to $8.2 million in Q2 from $8.04 million in Q1. This growth was driven by strong wholesale demand, supply chain stability, and an optimized balance of own and third-party brands. “As I look back on our second quarter, I am incredibly proud of our team’s execution against our 2024 priorities," stated CEO Andrew Thut. "Despite increased competition and inconsistent foot traffic, our disciplined strategy has kept revenue steady, and our concerted efforts to strengthen our wholesale strategy are paying off with a 10% increase in Illinois and a substantial ...