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Cannabis Multi-State Operator Ayr Wellness Seeks New CEO After David Goubert's Departure: 'Next Phase Of Growth' Coming?
Thursday, September 19, 2024 - 5:15pm | 420David Goubert has resigned as president and CEO of Ayr Wellness Inc. (CSE:AYR) (OTC:AYRWF), a Miami-based cannabis multistate operator, after less than a year in the role. Goubert, who joined the company as president in October of 2022 and took over as CEO in February 2023, is the latest in a...
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AYR Wellness' Conditional Approval For Medical Marijuana Operations In Virginia, What It Means For Investors
Friday, September 6, 2024 - 12:28pm | 478Ayr Wellness Inc. (OTC:AYRWF) (CSE:AYR), a U.S. multi-state cannabis operator, announced Thursday it has secured conditional approval from the Virginia Cannabis Control Authority to establish vertical medical marijuana operations in Virginia's Health Service Area 1. This area includes...
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Is Ayr Wellness Cannabis Stock Overvalued? Betting On Growth Despite Profitability Challenges
Tuesday, August 27, 2024 - 9:18am | 564Despite a tumultuous quarter, the U.S. multi-state cannabis operator (MSO) Ayr Wellness Inc. (OTC:AYRWF) has provided shareholders with a notable return over the past year. The stock, which surged an impressive 136% over the last twelve months, has recently experienced a downturn, shedding 15% of...
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Ayr Wellness Reports QoQ Drop In Q2 Revenue & Gross Profit But Plans To Make The Most Of Ohio Cannabis Sales
Wednesday, August 7, 2024 - 10:13am | 574Vertically integrated U.S. multi-state cannabis operator AYR Wellness Inc. (CSE:AYR) (OTCQX:AYRWF) reported second-quarter results for the three months ended June 30, 2024. The Miami-based company reported a 16.6% year-over-year and 6.9% sequential drop in gross profit to $47.2 million. David...
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AYR Wellness Improves Financial Position YoY, Q1 Revenue And Gross Profit In Anticipation Of OH, FL And PA Cannabis Market Launches
Wednesday, May 15, 2024 - 11:31am | 625Cannabis multi-state operator (MSO) AYR Wellness Inc. (CSE:AYR) (OTCQX:AYRWF) reported on Wednesday the first quarter financial results for the three months ended March 31, 2024. "2024 continues to be about execution for AYR, furthering the progress we made in 2023 by focusing on improving product...
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Eclipsing Prohibition: US Cannabis Industry Report Shows Growth Amid Regulatory Anticipation
Tuesday, April 9, 2024 - 3:32pm | 1105In the latest report from Water Tower Research (WTR) published Monday, seasoned industry analyst Jesse Redmond provides a comprehensive overview of the most recent investment trends and legal shifts in the cannabis sector. Redmond’s analysis will doubtless trigger conversation at the...
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AYR Wellness 2023 Financial Harvest: 10% Revenue Boost & Adjusted EBITDA Jumps 51%
Wednesday, March 13, 2024 - 10:27am | 535AYR Wellness Inc. (OTCQX:AYRWF) (CSE:AYR), a multi-state cannabis operator, revealed Wednesday its financial outcomes for Q4 and the entirety of 2023. The company reported a 10% revenue increase to $463.6 million and a significant uptick in adjusted EBITDA by 51% to $114.0 million. Q4 2023...
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Cannabis Industry Responds To Biden's Historic State Of The Union Call For Cannabis Reform
Friday, March 8, 2024 - 2:42am | 721President Joe Biden’s historic remarks about cannabis reform in Thursday’s State of the Union speech sparked widespread discussion across the industry, which many cannabis companies shared with Benzinga. Ayr Wellness (OTCQX: AYRWF) president & CEO David Goubert “As a...
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Ayr Wellness Tackles Restructuring: A New Dawn for Cannabis Investors?
Wednesday, March 6, 2024 - 1:35pm | 658David Goubert, president and CEO of Ayr Wellness Inc., will speak at the upcoming Benzinga Cannabis Capital Conference. He will analyze the latest economic indicators to assess the cannabis market’s health, trends, and investment opportunities. His participation comes at a crucial time for...
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Cannabis Company's Optimization Plan Results In Over 50% YoY Increase In Adjusted EBITDA, Q3 Revenue
Thursday, November 16, 2023 - 10:14am | 916AYR Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF) reported its third quarter financial results on Thursday for the three months ended Sept. 30, 2023. “We continued to execute on our optimization initiatives during the quarter, as reflected by another strong period of year-over-year adjusted...
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EXCLUSIVE: The SAFER Banking Act Is A Long-Awaited First Step Towards The Economic Legitimacy Of The Cannabis Industry, Says Benzinga Cannabis Capital Conference Panelist
Wednesday, September 27, 2023 - 7:40pm | 1009“We are thrilled that the Senate Banking Committee has approved the SAFE Banking Bill,” said Boris Jordan, founder and chairman of Curaleaf Holdings, Inc. (OTCQX: CURLF), reflecting the sentiments of cannabis industry stakeholders following the historic approval of the...
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This Cannabis MSO's Q2 Results Reflect Healthy Momentum Amid Industry Headwinds
Thursday, August 17, 2023 - 9:07am | 581Vertically integrated cannabis company AYR Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF) reported its financial results for the second quarter ended June 30, 2023 on Thursday, revealing a 0.8% sequential decrease and 18% year-over-year increase in revenue to $116.7 million. Q2 2023 Financial...
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This Cannabis Company Continues To Focus On Building A Vertical Presence In Ohio
Thursday, July 13, 2023 - 8:28am | 424AYR Wellness Inc. (OTCQX: AYRWF) (CSE:AYR.A) has entered an option agreement that provides AYR with the future ability to acquire 100% of the equity interests of Twice the Wellness, LLC, an entity provisionally licensed to operate a medical marijuana dispensary in Ohio. Terms of the agreement were...
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AYR Wellness Q1 Revenue Grows 18.3% YoY, What About Adjusted EBITDA?
Tuesday, May 16, 2023 - 7:29am | 430AYR Wellness Inc. (OTCQX: AYRWF) (CSE:AYR.A) released its financial results for the first quarter ended March 31, 2023. The following financial measures are reported as results from continuing operations due to the sale of the company’s business in Arizona, which are reported as discontinued...
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Ayr Wellness Acquires Tahoe Hydroponics
Tuesday, April 11, 2023 - 7:43am | 343AYR Wellness Inc. (OTCQX: AYRWF) (CSE:AYR.A) has closed the acquisition of Tahoe Hydroponics Company, LLC. On July 19, 2021, Ayr announced a definitive purchase agreement to acquire Tahoe Hydro, and on February 7, 2022, Ayr and Tahoe Hydro entered into an interim management services agreement. With...