MIAMI, Nov. 01, 2022 (GLOBE NEWSWIRE) — Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator (“MSO”), announces the opening of two new retail locations in Florida, located in Daytona Beach and Lake Worth, as well as expanding LEVIA water-soluble cannabis tinctures into its retail offerings in Florida.
Ayr’s newest stores in Daytona Beach and Lake Worth join more than 50 other retail locations across the state. With this robust retail footprint, Florida’s rapidly growing community of more than 761,000 qualified patients have access to Ayr’s growing cannabis product offerings.
“We are excited to see the results of the progress we have made in Florida since our acquisition of Liberty Health Sciences in 2021. We have opened more than 20 new locations, bringing our store count to 52, and introduced several brands from our national portfolio to the market ,” said Jonathan Sandelman, founder and CEO of Ayr. “On our mission to produce the highest quality hemp at scale, Florida has been instrumental in bringing that vision to life.”
At all Liberty Health Sciences locations, patients can now enjoy LEVIA Water-Soluble Cannabis Tinctures, the latest addition to their lineup following the recent introduction of HAZE’s Hydrocarbon Extracted Concentrates, as well as the award-winning premium whole flower brand Lost in Translation (LIT).
LEVIA tinctures come in three unique offerings: the indica Dream, the hybrid Celebrate and the sativa Achieve. Featuring high bioavailability and 300mg of THC per bottle, LEVIA tinctures are water soluble, allowing for flexible dosing and easy mixing with water and other beverages according to consumer preference. Tinctures are fast-acting and provide the consumer with the unique intended effect within minutes.
Now operating in eight states nationwide, Ayr continues its commitment to the state of Florida, employing more than 800 people at its headquarters in Miami, 52 retail locations across the state, a 745,000-square-foot grow facility in Gainesville, and other industry and company positions.
For more information about Ayr Wellness or to find your nearest pharmacy, please visit https://ayrwellness.com.
Certain information contained in this press release may be forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are often, but not always, identified by words such as “target,” “expect,” “anticipate,” “believe,” “anticipate,” “could,” “would,” “estimate,” “goal,” ” outlook”, “intend”, “plan”, “seek”, “will”, “may”, “follow”, “walk” and “should” and similar expressions or words indicating future results. This press release contains forward-looking information and statements regarding, among other things, Ayr’s future growth plans. Numerous risks and uncertainties could cause actual events and results to differ materially from the estimates, beliefs and assumptions expressed or implied in forward-looking statements, including but not limited to: anticipated strategic, operational and competitive advantages may not be realized; events or series of events, including events related to COVID-19, may cause business interruption; the required regulatory approvals cannot be obtained; laws or their interpretation, administration or enforcement may change; differing regulatory requirements across states may prevent Ayr from achieving economies of scale; favorable locations may be limited or difficult to reach; acquisitions may not be able to be completed on satisfactory terms or at all or, if completed, may not be successful; enforcement of contracts may be limited; scientific research on cannabis is still in its early stages and is subject to change as more research is completed; inherent risks of agricultural business; risks related to cyber security, shipping, recall, product liability and litigation; and Ayr may not be able to raise additional debt or equity capital if needed. Among other things, Ayr assumed that its businesses would perform as expected, that it would be able to complete acquisitions and acquire desirable retail locations on reasonable terms, and that all required regulatory approvals would be obtained on satisfactory terms and within the expected timeframes.
Estimates and assumptions involve known and unknown risks and uncertainties that could cause actual results to differ materially. Although Ayr believes there is a reasonable basis for these assumptions, such estimates may not be met. These estimates represent forward-looking information. Actual results may vary and may differ materially from estimates.
About Ayr Wellness Inc.
Ayr is an expanding vertically integrated US multi-state cannabis operator. Based on the belief that it all starts with the quality of the plant, the company’s mission is to grow the highest quality cannabis in bulk and provide remarkable experiences to its customers every day.
Ayr’s leadership team brings proven expertise in growing successful businesses through disciplined operational and financial management and is committed to driving positive impact on customers, employees and the communities they serve. More information can be found at www.ayrwellness.com.
VP, Corporate Communications
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Investor Relations Contact:
Sean Mansouri, CFA
T: (720) 330-2829
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