Vertically built-in hashish firm Ayr Wellness Inc. (CSE:AYR) (OTCQX:AYRWF) confirmed that its native companion Sira Naturals can now promote leisure hashish at its Somerville and Watertown areas in Higher Boston.
Each dispensaries are able to serve medical sufferers and adult-use prospects, the corporate mentioned Thursday.
Aside from provisional licenses for the sale of adult-use hashish, the Massachusetts Hashish Management Fee additionally granted Sira Naturals a provisional license for cultivation and manufacturing for Ayr’s M3 cultivation facility, positioned in Milford.
The 90,000 sq. ft facility, which is at the moment below development, will triple Ayr’s cultivation capability within the Bay State, bringing it to the utmost 100,000 sq. ft of cover allowed below its license.
The brand new facility will “additional our main wholesale presence inside the state,” mentioned Ayr CEO
Jonathan Sandelman, stressing that the higher Boston space has been “drastically underserved” in entry to adult-use hashish.”
“As we frequently state, our objective is to be the most important scale cultivator of high-quality hashish in each market the place we function,” Sandelman added.
Ayr Wellness Pays Almost $300,000 High-quality To Massachusetts Hashish Authorities
In the meantime, Sira Naturals and one other hashish operator Tilt Holdings (OTCQX:TLLTF), not too long ago agreed to choose separate allegations of regulatory violations with the Massachusetts Hashish Management Fee.
Ayr’s subsidiary was accused of working an unlicensed supply service, Stalk & Beans, and offering hashish merchandise to third-party companies below Sira’s license.
Sira agreed to pay a $295,000 superb and have one in every of its Massachusetts licenses subjected to a one-year probationary interval.
Worth Motion: On the time of writing, Ayr Wellness’ shares had been buying and selling 2.63% decrease at $28.92 per share.
Picture by Mathematical Michael on Unsplash