Tag: CBT > Ayr Wellness Cannabis Company: Page 2

Finance

AYR Wellness Focusing on Sustained Growth, Profitability Amid Leadership Transition

The cannabis company reported $114 million in revenue and a $17 million operating loss for its third-quarter 2024 financial results.

November 14, 2024

Industry Headlines

AYR Wellness to Enter New York Cannabis Market Through Partner

Amethyst Health, a partnership between AYR Wellness and Black Star Wellness, was conditionally awarded a vertical medical license.

November 13, 2024

Florida

Support for Florida Cannabis Legalization Measure Eclipses $100 Million

Behind Trulieve’s contributions, Amendment 3 backers are outraising their opponents, 5 to 1, in the nation’s most well-funded legalization campaign.

September 23, 2024

Executive Leadership Team

AYR Wellness CEO David Goubert Steps Down Effective Immediately

The company’s board of directors approved the appointment of Steven M. Cohen as interim CEO.

September 18, 2024

Virginia

AYR Wellness Awarded Virginia’s HSA I Vertical Cannabis License

The publicly traded multistate cannabis operator will have exclusive medical cannabis licensing rights to the state’s Health Service Area in Northern Virginia.

September 5, 2024

Florida

AYR Wellness Expands Cannabis Retail Footprint in Florida With 2 New Dispensaries

The company is opening dispensaries in Jacksonville and Palm Beach Gardens, expanding its footprint to 66 locations in the state.

August 23, 2024

Cannabis Business Financial Report

AYR Wellness Reports Second Quarter 2024 Results

The company addresses 'near-term setbacks,' while highlighting how it is positioned both 'for growth and margin expansion in the second half of 2024,' following adult-use rollout in Ohio, and to capitalize on anticipated adult-use markets in Florida, and Pennsylvania.

August 7, 2024

Industry Headlines

AYR Wellness Executive Chairman Resigns

Jonathan Sandelman stepped down from his role after serving on the company’s board since 2017. Louis Karger replaced him.

July 31, 2024

Ohio

4 Ohio Cannabis Companies Appear to Gain Advantage in Lottery for Dispensary Site Selections

A change of ownership request allowed at least one of these companies to enter the lottery as both a cultivator and independent retailer for more draw balls.

July 2, 2024

Finance

AYR Wellness Reports $118M in Revenue for Q1 2024 Results

Cannabis rescheduling “validates” the company’s determination to build a “sustainable business that will win in the long-term,” CEO says.

May 15, 2024

Industry Headlines

AYR Wellness and Lake Erie College of Osteopathic Medicine Partner on Medical Research Studying ‘Quality of Life’ Benefits of Medical Cannabis

The organizations published the results of the first of five studies and co-hosted a Pennsylvania Medical Marijuana Program Research Summit.

April 30, 2024

Florida

6 MSOs Join Florida Adult-Use Legalization Campaign, Contribute $15 Million in New Funding

After receiving Supreme Court approval for its ballot language, Smart & Safe Florida is now focused on gaining 60% voter approval in November.

April 3, 2024