Ayr Wellness Inc - AYRWF stock
Company Profile[edit]
Ayr Wellness Inc. (OTC: AYRWF, CSX: AYR-A) is a multi-state cannabis consumer-packed goods company and retailer in the United States. The company engages in the cultivation and manufacture of branded cannabis products. It distributes the tailored products via a chain of owned cannabis retail stores under brand names including AYR, Liberty Health Sciences, and The Dispensary. It also uses third-party stores. Ayr’s portfolio of brands includes Origyn, Kynd, Levia, Wicked, Road Tripper, and Stix Preroll Co. Its pipeline of products comprises marijuana flower, concentrates, cartridges, vapes, seltzers, tinctures, topicals, and edibles. The firm was incorporated in 2019 and has its headquarters in Miami, Florida. Its shares trade on OTC markets under the AYRWF ticker symbol.[1]
Business Operations[edit]
The company is focused on producing and delivering the highest quality cannabis products and customer experience throughout its footprint. It believes that the quality of the final product heavily depends on the quality of the plant. It, therefore, focuses on superior cultivation to grow superior branded cannabis products. Its strategy is to s to vertically integrate through the consolidation of cultivating, producing, distributing, and dispensing cannabis brands and products at scale.[2]
As of February, 2025, the company has operations in eight U.S. markets, operates 90+ retail stores[3], has 11 brands in the national CPG portfolio, 1.2 million total square footage of cultivation and production facilities, and had its products in more than 570 licensed dispensaries across America. Ayr, through its subsidiaries and affiliates, holds, operates, and manages licenses and permits in the States of Arizona, Florida, Massachusetts, Nevada, New Jersey, Ohio, Pennsylvania, and Illinois.[2]
Ayr also owns stores under their previous names before the acquisition, though the company aims to unify its retail footprint under the AYR retail brand. Its retail stores primarily generate income from the sale of cannabis products, with an immaterial portion of income resulting from the sale of other merchandise (such as cannabis accessories).[2]
The company’s flower plant is generated from a smokable part of the cannabis plant. Its concentrates are products that have been refined to extract extraneous components, leaving active compounds, primarily cannabinoids and terpenes. Vapes are devices that are pre-filled with extracted cannabis oils. Its tinctures are alcohol or glycerol-based liquid cannabis extracts. Its topicals are cannabis-infused skin products, such as lotions, creams, and balms. The company, through Herbal Remedies Dispensaries, LLC, operates two licensed retail dispensaries in Quincy, Illinois.[4]
Legal Issues[edit]
Lawsuits[edit]
Toronto-based Ayr’s Massachusetts subsidiary, Sira Naturals and Tilt Holdings were fined $295, 000 and $275,000 respectively, payable to the Massachusetts Cannabis Control Commission (CCC) to settle separate allegations of regulatory infractions in 2021. The settlements were both approved on June 17, 2021, according to the legal news website Law360. Sira Naturals was alleged to have flagged off an unlicensed delivery service called Stalk & Beans to deliver cannabis products for unaffiliated businesses under Sira’s license. On top of the fine, Sira Naturals’ Massachusetts license was subjected to a one-year probationary period. Ayr, however, in a news release, said that Sira did not admit to any regulatory violations in reference to the settlement and that it “appreciates the important clarifications that the settlement provides.”[5]
- ↑ Ayr Wellness Inc. Management’s Discussion and Analysis for the Three and Six Months Ended June 30, 2022, and 2021. Page 2. - webfiles.thecse.com. Accessed on 10/22/2022.
- ↑ 2.0 2.1 2.2 ir.ayrwellness.com/ Company Overview – AYR Wellness website. Retrieved on 10/22/2022.
- ↑ GlobeNewswire. AYR Cannabis Dispensary Updates Retail Footprint. February 12, 2025.
- ↑ cnbc.com/quotes/AYRWF?tab=profile – CNBC News.
- ↑ Cannabis firms Tilt, and Ayr pays nearly $300,000 each in MA settlements – mjbizdaily.com. Retrieved on 10/23/2022.
OTC Symbol: AYRWF | OTC Tier: OTCQX International
