Welcome to our dedicated news page for AYR WELLNESS (Ticker: AYRWF), a resource for investors and traders seeking the latest updates and insights on AYR WELLNESS.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AYR WELLNESS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) announced the relaunch of its flagship kynd brand through the 'Season of Kyndness' initiative, focusing on hyperlocal charitable giving during the holiday season. The campaign aims to spread positive impact and connection in communities across Florida, Massachusetts, New Jersey, Nevada, and Pennsylvania. AYR Wellness encourages customer participation by donating a portion of proceeds from kynd product purchases at AYR dispensaries to local charities, with triple matching of individual donations at point of sale.
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AYR Wellness Inc. (AYR, CSE: AYR.A, OTCQX: AYRWF) opens AYR Dispensary Dayton, the third AYR location in Ohio and first in the Dayton Metropolitan Region. The 5,500 sq. ft. store offers high-quality cannabis products and operates from Mon-Sat 9 a.m. to 9 p.m. and Sunday 10am-7pm. AYR is committed to expanding its presence in Ohio.
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AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) reports a 5% year-over-year revenue increase to $114.4 million, excluding discontinued operations, and a 92% year-over-year improvement in GAAP loss from operations to ($1.5) million. The company generated over $20 million of operating cash flow in the third quarter and saw a 52% year-over-year increase in adjusted EBITDA to $28.4 million, with an adjusted EBITDA margin of 25%. AYR's recent agreements with creditors will result in the extension of nearly $400 million of debt maturities by two years, providing financial stability. The company's focus on optimization initiatives and agreements to acquire new dispensary licenses position it for long-term growth. Despite pricing pressure and temporary cultivation challenges impacting inventory levels in Florida, AYR remains optimistic about future revenue growth, adjusted EBITDA margin expansion, and free cash flow generation in 2024.
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AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) announced that the Ontario Superior Court of Justice has granted an interim order authorizing various matters related to the Company’s plan of arrangement under the Canada Business Corporations Act. This involves a special meeting of holders of the Company’s senior notes to consider the transaction, subject to approval of at least 662/3% of the votes cast. Further details will be included in the management information circular to be mailed to Senior Noteholders.
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AYR Wellness, Inc. (CSE: AYR.A, OTCQX: AYRWF) launches Kiva Confections Camino Soft Chews in 62+ Florida dispensaries under an exclusive licensing and retail agreement, offering five popular flavors with more to come.
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AYR Wellness Inc. announces the opening of two retail locations in Ohio, with one already open in Woodmere and another expected to open later this week in Goshen. AYR is a leading U.S. multi-state cannabis operator and sees Ohio as a promising market with a growing medical program and potential adult-use legalization. The Woodmere store is 4,500 sq. ft. and conveniently located near a popular mall, while the Goshen location is 2,700 sq. ft. and situated in a Cincinnati suburb. AYR plans to offer its own brands as well as third-party brands in both stores. The company has also expanded its cultivation and production efforts in Ohio and has entered option agreements to acquire a third dispensary in Riverside.
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AYR Wellness Inc., a leading U.S. multi-state cannabis operator, has entered into a transaction support agreement with the holders of 75% of its senior notes. The agreement includes exchanging the senior notes for new senior secured notes, offering the opportunity for additional notes, and issuing new shares and warrants. The transactions are supported by 76% of senior noteholders and will result in the retirement or extension of nearly $400 million in debt, as well as $50 million in new debt financing. The company also announced an agreement to amend the terms of a promissory note related to a previous acquisition.
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AYR Wellness Inc. will hold a conference call on November 16, 2023, to discuss its Q3 financial results. The call will be hosted by President & CEO David Goubert and CFO Brad Asher. A telephonic replay will be available for one month.
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AYR Wellness Inc. reports financial results for Q2 2023, with revenue of $116.7 million, up 18% YoY. The company achieved a record adjusted EBITDA of $29.4 million, up 78% YoY, with an adjusted EBITDA margin of 25%. GAAP loss from operations improved by 81% YoY to $(4.5) million. AYR opened its 86th retail location and plans to exit 2023 with a total of 64 stores in Florida. The company also made progress on improving its liquidity profile and extended the payment terms of more than $120 million of obligations. AYR expects to generate revenue and adjusted EBITDA growth in the second half of 2023 and achieve positive GAAP cash flow from operations for the year.
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AYR WELLNESS INC
OTC:AYRWF
AYRWF Rankings
AYRWF Stock Data
288.37M
53.69M
2.77%
18.83%
Medicinal and Botanical Manufacturing
Manufacturing
United States of America
Miami