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AYR Wellness Announces Changes to Management

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AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), a leading vertically integrated U.S. multi-state cannabis operator, has announced significant changes in its management. Effective September 18, 2024, David Goubert has stepped down from his roles as President and Chief Executive Officer. Goubert had served as President since October 12, 2022, and as CEO since February 13, 2023.

In response to this departure, the Board of Directors has appointed Steven M. Cohen as Interim Chief Executive Officer, effective immediately. Cohen previously served as an outside legal advisor to the company. The Board has stated that it will initiate a search for a permanent CEO in due course.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), un operatore multi-stato di cannabis a integrazione verticale negli Stati Uniti, ha annunciato importanti cambiamenti nella sua gestione. A partire dal 18 settembre 2024, David Goubert si è dimesso dalle sue cariche di Presidente e Amministratore Delegato. Goubert aveva ricoperto il ruolo di Presidente dal 12 ottobre 2022 e quello di CEO dal 13 febbraio 2023.

In risposta a questa partenza, il Consiglio di Amministrazione ha nominato Steven M. Cohen come Amministratore Delegato ad interim, con effetto immediato. Cohen in precedenza ha lavorato come consulente legale esterno per l'azienda. Il Consiglio ha dichiarato che avvierà una ricerca per un CEO permanente a tempo debito.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), un destacado operador de cannabis en múltiples estados de EE.UU. con integración vertical, ha anunciado importantes cambios en su gestión. A partir del 18 de septiembre de 2024, David Goubert ha renunciado a sus funciones como Presidente y Director Ejecutivo. Goubert había sido Presidente desde el 12 de octubre de 2022 y CEO desde el 13 de febrero de 2023.

En respuesta a esta salida, el Consejo de Administración ha nombrado a Steven M. Cohen como Director Ejecutivo Interino, con efecto inmediato. Cohen había servido anteriormente como asesor legal externo para la empresa. El Consejo ha declarado que iniciará la búsqueda de un CEO permanente a su debido tiempo.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF)는 미국의 수직 통합된 다주(state) 대마초 운영업체로, 경영진에 대한 중대한 변화를 발표했습니다. 2024년 9월 18일부터 David Goubert가 사장 및 최고경영자(CEO) 직에서 물러나게 됩니다. Goubert는 2022년 10월 12일부터 사장으로 재직하였고, 2023년 2월 13일부터 CEO로 재임해왔습니다.

이 사퇴에 대응하여 이사회는 Steven M. Cohen을 임시 최고경영자로 임명했습니다며, 즉시 시행됩니다. Cohen은 이전에 회사의 외부 법률 고문으로 재직한 바 있습니다. 이사회는 이후 적절한 시기에 영구 CEO를 찾기 시작할 것이라고 밝혔습니다.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), un opérateur de cannabis multi-état intégré verticalement aux États-Unis, a annoncé des changements significatifs dans sa direction. À compter du 18 septembre 2024, David Goubert a démissionné de ses fonctions de Président et Directeur Général. Goubert avait été Président depuis le 12 octobre 2022 et CEO depuis le 13 février 2023.

En réponse à ce départ, le Conseil d'Administration a nommé Steven M. Cohen au poste de Directeur Général intérimaire, avec effet immédiat. Cohen avait auparavant exercé des fonctions de conseiller juridique externe pour l'entreprise. Le Conseil a déclaré qu'il initiera une recherche pour un CEO permanent en temps voulu.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), ein führender vertikal integrierter Multi-State-Cannabis-Betreiber in den USA, hat bedeutende Änderungen in seiner Geschäftsführung angekündigt. Ab dem 18. September 2024 tritt David Goubert von seinen Rollen als Präsident und Chief Executive Officer zurück. Goubert war seit dem 12. Oktober 2022 Präsident und seit dem 13. Februar 2023 CEO.

Als Reaktion auf diesen Rücktritt hat der Aufsichtsrat Steven M. Cohen zum Interim Chief Executive Officer ernannt, der sofort in Kraft tritt. Cohen hatte zuvor als externer Rechtsberater für das Unternehmen gedient. Der Aufsichtsrat hat erklärt, dass er sich rechtzeitig auf die Suche nach einem permanenten CEO begeben wird.

Positive
  • Prompt appointment of an Interim CEO to ensure leadership continuity
Negative
  • Sudden departure of the President and CEO, potentially indicating internal issues or strategic disagreements
  • Potential disruption in company leadership and strategy during the transition period

MIAMI, Sept. 18, 2024 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (“AYR” or the “Company”) (CSE: AYR.A, OTCQX: AYRWF) a leading vertically integrated U.S. multi-state cannabis operator, today announced that, effective today, David Goubert has stepped down as the President and Chief Executive Officer of the Company. Mr. Goubert served as President of the Company from October 12, 2022 and as Chief Executive Officer of the Company from February 13, 2023. The Board of Directors of the Company (the “Board”) thanks Mr. Goubert for his dedication to AYR and wishes him the best in his future endeavours.

Appointment of Interim Chief Executive Officer

The Board has approved the appointment of Steven M. Cohen as Interim Chief Executive Officer of the Company, effective immediately. Mr. Cohen previously served as outside legal advisor to the Company. The Board will embark on a search for a permanent Chief Executive Officer in due course.

About AYR Wellness Inc.

AYR is a vertically integrated, U.S. multi-state cannabis business. The Company operates simultaneously as a retailer with 90+ licensed dispensaries and a house of cannabis CPG brands.

AYR is committed to delivering high-quality cannabis products to its patients and customers while acting as a Force for Good for its team members and the communities that the Company serves. For more information, please visit www.ayrwellness.com.

Company/Media Contact:

Robert Vanisko
VP, Public Engagement
T: (786) 885-0397
Email: comms@ayrwellness.com

Company Contact:

Jon DeCourcey
Head of Investor Relations
T: (786) 885-0397
Email: ir@ayrwellness.com

Investor Relations Contact:

Sean Mansouri, CFA
Elevate IR
T: (786) 885-0397‎
Email: ir@ayrwellness.com


FAQ

Who is the new Interim CEO of AYR Wellness (AYRWF) as of September 18, 2024?

Steven M. Cohen has been appointed as the Interim Chief Executive Officer of AYR Wellness (AYRWF), effective September 18, 2024.

When did David Goubert step down as President and CEO of AYR Wellness (AYRWF)?

David Goubert stepped down as President and CEO of AYR Wellness (AYRWF) on September 18, 2024.

How long did David Goubert serve as CEO of AYR Wellness (AYRWF)?

David Goubert served as CEO of AYR Wellness (AYRWF) from February 13, 2023, to September 18, 2024, a period of approximately 7 months.

What is AYR Wellness's (AYRWF) plan for finding a permanent CEO?

The Board of Directors of AYR Wellness (AYRWF) has stated that they will embark on a search for a permanent Chief Executive Officer in due course.

AYR WELLNESS INC

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