Ayr Wellness (CSE: AYR.A) (OTCQX: AYRWF) Investor Dashboard
| ➔ Ayr Wellness | |||||
|---|---|---|---|---|---|
| CSE Ticker: | AYR.A | ||||
| OTCQX Ticker: | AYRWF | ||||
| Market Focus: | United States |
| Classification: | Vertically Integrated |
| Country: | United States |
| Employees: | ~1300 as of 01/2021 |
| Established: | 12/31/17 |
| CEO: | Jonathan Sandelman |
Summary
| Fiscal Year-End: | December |
| Auditor: | MNP LLP |
| Exchanges: | CSE, OTCQX |
| Sector: | Consumer Staples |
| State operations: | 4 |
| 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: | 4 .6 million shares at C$34.25 |
| Shares: | 28.9 million |
| Warrants: | 14.9 million |
| Options: | 0 million |
| Diluted Shares: | 44.0 million |
Company Brief
Ayr Wellness (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 also expanded into the Florida market with the acquisition of Liberty Health Sciences.
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 Wellness explains the focus on expanding the company’s operations
Highlights
- One of the most profitable MSOs
- Operations in Florida, Massachusetts, Nevada and Pennsylvania
- #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 seven states with pending acquisitions in Arizona, Ohio, Pennsylvania, New Jersey and Florida
- Plans to open 60+ dispensaries by YE 2021
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; acquisition of CannTech solidifies entry into Pennsylvania market
- Pending acquisitions in the New Jersey, Arizona and Ohio markets
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
Scott Fortune
Roth Capital Partners
Greg Gibas
Northland Capital Markets
Curated Stories & News
Visit Ayr Wellness, Inc.
at www.ayrwellness.com.
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