AYR Wellness Announces Changes to Management

Rhea-AI Summary

AYR Wellness (OTCQX: AYRWF) announced changes in its executive leadership team. Brad Asher has resigned from his position as Chief Financial Officer, effective March 23, 2025. The company has appointed Donna Granato as Interim Chief Financial Officer, effective immediately.

Granato brings over 25 years of experience in corporate finance and operations. Her most recent role was CFO at Vivvix, a global digital advertising company. She previously held senior finance positions at GTT Communications, Shutterstock, Tribune Media, and Omnicom Group.

Positive

• Appointment of experienced CFO with 25+ years of corporate finance expertise
• Smooth transition in financial leadership with immediate replacement

Negative

• Departure of CFO indicating potential leadership instability

MIAMI, March 24, 2025 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, announces today that, further to its press release dated February 3, 2025, Brad Asher’s resignation from his position as Chief Financial Officer of the Company is effective March 23, 2025.

The Board is pleased to announce the appointment of Donna Granato as Interim Chief Financial Officer of the Company, effective immediately. Ms. Granato brings more than 25 years in corporate finance and operations, most recently serving as CFO of Vivvix, a global digital advertising company. Before that she served in high level finance roles at GTT Communications, Shutterstock, Tribune Media, and Omnicom Group.

“We are excited to welcome Donna, whose deep expertise and proven track record make her exceptionally well-suited to lead AYR’s financial organization,” said Steven M. Cohen, Interim CEO of AYR.

About AYR Wellness Inc.
AYR Wellness is a vertically integrated, U.S. multi-state cannabis business. The Company operates simultaneously as a retailer with 90+ licensed dispensaries and a house of cannabis CPG brands.

AYR is committed to delivering high-quality cannabis products to its patients and customers while acting as a Force for Good for its team members and the communities that the Company serves. For more information, please visit www.ayrwellness.com.

Company/Media Contact:
Robert Vanisko
VP, Public Engagement
T: (786) 885-0397
Email: comms@ayrwellness.com

Investor Relations Contact:
Sean Mansouri, CFA
Elevate IR
T: (786) 885-0397
Email: ir@ayrwellness.com

FAQ

When did Brad Asher resign as CFO of AYR Wellness (AYRWF)?

Brad Asher's resignation as CFO of AYR Wellness became effective on March 23, 2025.

Who is the new interim CFO of AYR Wellness (AYRWF)?

Donna Granato has been appointed as the Interim Chief Financial Officer of AYR Wellness.

What is Donna Granato's professional background before joining AYRWF?

Granato has over 25 years in corporate finance and operations, previously serving as CFO of Vivvix and holding senior finance roles at GTT Communications, Shutterstock, Tribune Media, and Omnicom Group.

When was the AYRWF CFO change first announced?

The initial announcement of the CFO change was made in a press release dated February 3, 2025.