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 as we speak the launch of Large 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.
Large Pete’s is the primary of many edibles manufacturers Ayr will convey to the Florida market following the approval and opening of its industrial kitchen and manufacturing facility earlier this month. Ayr plans to convey lots of its profitable product traces from different markets to develop choices out there to sufferers in Florida and to boost the client expertise.
The Spring Hill dispensary is positioned at 2356 Industrial Approach, 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 considered one of Spring Hill’s busiest procuring areas and is down the road from the world’s largest senior energetic dwelling neighborhood.
Jonathan Sandelman, CEO of Ayr, mentioned, “I’m pleased 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 Large Pete’s. We’ve got confirmed, by way of our Memorial Day sale earlier this month, that now we have the power 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 absolutely to the Ayr model. Within the meantime, we are going to proceed to open shops and develop 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.
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 means of phrases reminiscent of “goal”, “anticipate”, “anticipate”, “consider”, “foresee”, “might”, “would”, “estimate”, “aim”, “outlook”, “intend”, “plan”, “search”, “will”, “could”, “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 might 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 is probably not realized; occasions or collection of occasions, together with in reference to COVID-19, could trigger enterprise interruptions; required regulatory approvals is probably not obtained; acquisitions could not be capable to be accomplished on passable phrases or in any respect; and Ayr could not be capable to increase extra debt or fairness capital. Amongst different issues, Ayr has assumed that its companies will function as anticipated, that it will likely be capable of full acquisitions on affordable phrases, and that every one required regulatory approvals might be obtained on passable phrases and inside anticipated time frames.
Estimates and assumptions contain recognized and unknown dangers and uncertainties which will trigger precise outcomes to vary materially. Whereas Ayr believes there’s a affordable foundation for these assumptions, such estimates is probably not met. These estimates signify forward-looking info. Precise outcomes could differ 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 idea that every little thing begins with the standard of the plant, the Firm is concentrated on superior cultivation to develop superior branded hashish merchandise. Ayr strives to complement shoppers’ expertise daily 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 optimistic influence for patrons, staff and the communities they contact. For extra info, please go to www.ayrwellness.com.
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