Ayr Wellness Announces Agreement to Sell Arizona Assets and Option to Acquire Ohio Dispensary Licenses

MIAMI, Feb. 09, 2023 (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”), has signed a Definitive Agreement to sell Blue Camo, LLC, (“Blue Camo”) which comprises the Company’s Arizona assets, to AZ Goat, LLC (“AZ Goat” or the “Buyer”). This strategic move marks a significant step for Ayr Wellness in reshaping its portfolio and focusing on key markets.

Expanding Horizons

The agreement to sell Blue Camo signals Ayr Wellness’ commitment to strategic growth and expansion. By divesting its Arizona assets, the Company is able to streamline its operations and allocate resources more efficiently to further develop its core markets. This move also provides Ayr Wellness with the option to acquire dispensary licenses in Ohio, offering new opportunities for growth and market penetration.

A Bright Future

With this latest development, Ayr Wellness is poised to strengthen its position as a leader in the cannabis industry. By focusing on key markets and leveraging strategic partnerships, the Company is well-positioned for continued success and growth in the evolving cannabis landscape.

How Will This Affect Me?

As a consumer, the sale of Ayr Wellness’ Arizona assets may result in changes to product availability and pricing in the market. The Company’s focus on key markets such as Ohio could lead to increased access to a wider range of cannabis products and services for consumers in the region.

How Will This Affect the World?

The sale of Ayr Wellness’ Arizona assets and potential acquisition of dispensary licenses in Ohio demonstrates the continued growth and evolution of the cannabis industry on a global scale. This strategic move by the Company could pave the way for new opportunities and partnerships in the emerging cannabis market, contributing to the industry’s overall expansion and development.

Conclusion

In conclusion, Ayr Wellness’ agreement to sell its Arizona assets and explore opportunities in Ohio marks a significant milestone for the Company’s growth and expansion strategy. By refocusing its efforts on key markets and seizing new opportunities, Ayr Wellness is poised for continued success in the dynamic cannabis industry.