MIAMI, Dec. 06, 2021 (GLOBE NEWSWIRE) — Ayr Wellness, Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Firm”), a vertically built-in U.S. multi-state hashish operator (MSO) targeted on turning into probably the most trusted producer of high-quality hashish at scale, at present introduced that it has acquired a Non permanent Certificates of Occupancy (“TCO”) to start operations in its Phoenix, Arizona cultivation facility.
Jonathan Sandelman, Founder, Chairman and CEO of Ayr Wellness, mentioned, “Ayr continues to execute on its plan for progress, with this Phoenix cultivation facility being the newest challenge to come back on-line. Our proficient cultivation workforce has already acquired nice evaluations for the Kynd premium flower being grown in our Chandler, Arizona facility, and we stay up for scaling manufacturing with this bigger area. The flower produced will provide our three Oasis dispensaries, in addition to our rising wholesale enterprise within the state.”
The primary crop was planted over the weekend, with its first harvest projected for mid-March 2022.
The Firm anticipates receiving native and regulatory approvals for extra sections of the cultivation facility within the coming weeks.
Sure info contained on this information launch could also be forward-looking statements inside the that means of relevant securities legal guidelines. Ahead-looking statements are sometimes, however not all the time, recognized by means of phrases similar to “goal”, “anticipate”, “anticipate”, “imagine”, “foresee”, “may”, “would”, “estimate”, “objective”, “outlook”, “intend”, “plan”, “search”, “will”, “could”, “monitoring”, “pacing” and “ought to” and comparable expressions or phrases suggesting future outcomes. This information launch contains forward-looking info and statements pertaining to, amongst different issues, Ayr’s future progress plans. Quite a few dangers and uncertainties may trigger the precise occasions and outcomes to vary materially from the estimates, beliefs and assumptions expressed or implied within the forward-looking statements, together with, however not restricted to: anticipated strategic, operational and aggressive advantages is probably not realized; occasions or sequence of occasions, together with in reference to COVID-19, could trigger enterprise interruptions; required regulatory approvals is probably not obtained; legal guidelines or the interpretation, administration or enforcement thereof could change; differing regulatory necessities throughout states could stop Ayr from attaining economies of scale; favorable places could also be restricted or troublesome to acquire; acquisitions could not be capable of be accomplished on passable phrases or in any respect, or if accomplished is probably not profitable; the enforcement of contracts could also be restricted; scientific analysis concerning hashish remains to be in its early levels and is topic to vary as additional analysis is accomplished; the inherent dangers of an agricultural enterprise; cyber-security, transportation, recall, product legal responsibility and litigation associated dangers; and Ayr could not be capable of elevate further debt or fairness capital if required. Amongst different issues, Ayr has assumed that its companies will function as anticipated, that it is going to be capable of full acquisitions on affordable phrases, and that every one required regulatory approvals will probably be obtained on passable phrases and inside anticipated time frames.
Estimates and assumptions contain identified and unknown dangers and uncertainties that will trigger precise outcomes to vary materially. Whereas Ayr believes there’s a affordable foundation for these assumptions, such estimates is probably not met. These estimates symbolize forward-looking info. Precise outcomes could fluctuate and differ materially from the estimates.
About Ayr Wellness Inc.
Ayr is an increasing vertically built-in, U.S. multi-state hashish operator, targeted on delivering the very best high quality hashish merchandise and buyer expertise all through its footprint. Primarily based on the idea that all the things begins with the standard of the plant, the Firm is concentrated on superior cultivation to develop superior branded hashish merchandise. Ayr strives to complement shoppers’ expertise on daily basis by means of the wellness and marvel of hashish.
Ayr’s management workforce brings confirmed experience in rising profitable companies by means of disciplined operational and monetary administration, and is dedicated to driving optimistic affect for purchasers, workers and the communities they contact. For extra info, please go to www.ayrwellness.com.
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