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TORONTO, June 25, 2021 (GLOBE NEWSWIRE) — Ayr Wellness Inc. (CSE: AYR.A, OTC: AYRWF) (“Ayr” or the “Firm”), a number one vertically built-in hashish multi-state operator, introduced at present the launch of Huge Pete’s cookies in Florida on Saturday, June 26, and the deliberate opening of Liberty Well being Sciences (“LHS” or “Liberty”) Spring Hill, on Sunday, June 27, the Firm’s 36th open dispensary within the state.
Huge Pete’s is the primary of many edibles manufacturers Ayr will deliver to the Florida market following the approval and opening of its industrial kitchen and manufacturing facility earlier this month. Ayr plans to deliver a lot of its profitable product traces from different markets to broaden choices accessible to sufferers in Florida and to boost the shopper expertise.
The Spring Hill dispensary is positioned at 2356 Industrial Means, Spring Hill, FL 34606, simply off U.S. Route 19, a closely trafficked route alongside the Florida Suncoast in Hernando County, inhabitants ~195,000. The 4,600 sq. ft. facility has greater than 20 parking areas and contains two personal ready areas and a session room. The dispensary sits in one in all Spring Hill’s busiest purchasing areas and is down the road from the realm’s largest senior lively residing neighborhood.
Jonathan Sandelman, CEO of Ayr, mentioned, “I’m happy with the progress that our staff has made in Florida within the quick time we’ve owned the enterprise. For the reason that acquisition of Liberty was accomplished on the finish of February, we’ve opened 5 new dispensaries, whereas making substantial progress on the enhancements to the Gainesville cultivation facility and our product providing combine with the launches of Origyn and Huge Pete’s. We have now confirmed, by way of our Memorial Day sale earlier this month, that we’ve the flexibility to drive prospects again into our Liberty shops, and as soon as our product providing is as much as our excessive requirements, we are going to rename them and introduce the Florida market totally to the Ayr model. Within the meantime, we are going to proceed to open shops and broaden our presence within the state in order that we’ll be prepared when that day arrives.”
The Florida medical marijuana market continues to indicate strong progress with the Florida Workplace of Medical Marijuana Use reporting over 576,000 registered sufferers as of June 18, 2021, up 63% year-over-year.
Ahead-Trying Statements
Sure info contained on this information launch could also be forward-looking statements throughout the which means of relevant securities legal guidelines. Ahead-looking statements are sometimes, however not at all times, recognized by way of phrases resembling “goal”, “anticipate”, “anticipate”, “imagine”, “foresee”, “may”, “would”, “estimate”, “objective”, “outlook”, “intend”, “plan”, “search”, “will”, “might”, “monitoring”, “pacing” and “ought to” and comparable expressions or phrases suggesting future outcomes. This information launch contains forward-looking info and statements pertaining to, amongst different issues, Ayr’s future progress plans. Quite a few dangers and uncertainties may trigger the precise occasions and outcomes to vary materially from the estimates, beliefs and assumptions expressed or implied within the forward-looking statements, together with, however not restricted to: anticipated strategic, operational and aggressive advantages might not be realized; occasions or collection of occasions, together with in reference to COVID-19, might trigger enterprise interruptions; required regulatory approvals might not be obtained; acquisitions might not be capable of be accomplished on passable phrases or in any respect; and Ayr might not be capable of increase further debt or fairness capital. Amongst different issues, Ayr has assumed that its companies will function as anticipated, that it will likely be in a position to full acquisitions on affordable phrases, and that every one required regulatory approvals shall be obtained on passable phrases and inside anticipated time frames.
Estimates and assumptions contain recognized and unknown dangers and uncertainties that will trigger precise outcomes to vary materially. Whereas Ayr believes there’s a affordable foundation for these assumptions, such estimates might not be met. These estimates symbolize forward-looking info. Precise outcomes might range and differ materially from the estimates.
About Ayr Wellness
Ayr is an increasing vertically built-in, U.S. multi-state hashish operator, targeted on delivering the very best high quality hashish merchandise and buyer expertise all through its footprint. Based mostly on the assumption that all the things begins with the standard of the plant, the Firm is targeted on superior cultivation to develop superior branded hashish merchandise. Ayr strives to complement shoppers’ expertise every single day by the wellness and marvel of hashish.
Ayr’s management staff brings confirmed experience in rising profitable companies by disciplined operational and monetary administration, and is dedicated to driving constructive affect for patrons, staff and the communities they contact. For extra info, please go to www.ayrwellness.com.
Firm Contact:
Megan Kulick
Head of Investor Relations
T: (646) 977-7914
E mail: IR@ayrwellness.com
Media Contact:
Robert Vanisko
VP, Company Communications
E mail: robert.vanisko@ayrwellness.com
Investor Relations Contact:
Brian Pinkston
MATTIO Communications
T: (703) 926-9159
E mail: ir@mattio.com
E mail: ir@ayrwellness.com
