Ayr Strategies (CSE: AYR.A) (OTCQX: AYRSF) Investor Dashboard


Ayr Strategies
CSE Ticker: AYR.A
OTCQX Ticker: AYRSF
Market Focus: United States
Classification: Vertically Integrated
Country: United States
Employees: ~650
Established: 12/31/17
CEO: Jonathan Sandelman

Summary

Fiscal Year-End: December
Auditor: MNP LLP
Exchanges: CSE, OTCQX
Sector:  Consumer Staples
State operations: 3
Headquarters: New York City

Financials (9/30/20)

Cash on hand: $23.2
Fixed Investment: $39.4 million
Shareholders’ Equity: $165.4 million
Revenues – Last Quarter: $45.5 million
Adj. Gross Margin : 60.2%
EPS : -$0.96

Capital Structure (11/17/20)

Last Financing: SPAC IPO
Shares: 28.9 million
Warrants: 14.9 million
Options:  0 million
Diluted Shares: 44.0 million

Company Brief

Ayr Strategies (Follow Company) is an expanding vertically integrated, U.S. multi-state cannabis operator, focusing on high-growth markets. With anchor operations in Massachusetts and Nevada and with recent entry into Pennsylvania, Ohio and Arizona through acquisitions, the company cultivates and manufactures branded cannabis products for distribution through its network of retail outlets and through third-party stores. The company has a focus on limited license & highly populated states and has a robust pipeline of expansion opportunities by virtue of being the acquire of choice.

Ayr’s leadership team brings proven expertise in growing successful businesses through disciplined operational and financial management, and is committed to driving positive impact for customers, employees and the communities they touch.

Featured Video

Jennifer Drake, COO of AYR Strategies explains the focus on expanding the company’s operations


Highlights

  • One of the most profitable MSOs
  • #1 share in MA according to BDS in flower, vapes and concentrates
  • The most productive dispensaries in NV, with average annual revenue of $4,700/sf
  • Expanding operations to its fifth state with pending acquisitions in Arizona, Ohio and Pennsylvania

Growth Strategy

  • Patient and disciplined M&A focused on clustering in adjacent states
  • Leverage best practices of portfolio companies and product innovation
  • Pursue integration synergies
  • Capitalize on markets converting from medical to adult-use
  • Entrance into the Pennsylvania market with the 100% acquisition of Pennsylvania grower-processor

Differentiators

  • Focus on institutional business practices, controls and transparency
  • Selective and deep market penetration rather than broad and shallow
  • A leadership team with proven experience in highly regulated industries

Institutional Analyst Coverage

Matt McGinley
Needham

Bobby Burleson
Canaccord Genuity

Pablo Zuanic
Cantor Fitzgerald


Curated Stories & News


Visit Ayr Strategies, Inc.
at www.ayrstrategies.com.

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