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AYR Wellness Announces Resignation of Executive Chair

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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 leadership. Jonathan Sandelman, who has served on the board since 2017, has resigned from his positions as director and executive chairman, effective July 31, 2024. The board of directors has appointed Louis Karger as the new chairman of the board. This management shift marks a notable transition for AYR Wellness, as the company moves forward under new leadership. The outgoing chairman's contributions in establishing the company's current form have been acknowledged, with the new chairman expressing gratitude for Sandelman's years of service.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), un operatore leader nel settore cannabis in più stati degli Stati Uniti con un'integrazione verticale, ha annunciato significativi cambiamenti nella sua leadership. Jonathan Sandelman, membro del consiglio dal 2017, ha rassegnato le dimissioni dalle sue posizioni di direttore e presidente esecutivo, con effetto dal 31 luglio 2024. Il consiglio di amministrazione ha nominato Louis Karger come nuovo presidente del consiglio. Questo cambiamento dirigenziale segna una transizione importante per AYR Wellness, mentre la società procede sotto una nuova guida. I contributi del presidente uscente per la definizione della forma attuale dell'azienda sono stati riconosciuti, con il nuovo presidente che ha espresso gratitudine per gli anni di servizio di Sandelman.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), un operador líder de cannabis multicanal en EE. UU. con integración vertical, ha anunciado cambios significativos en su liderazgo. Jonathan Sandelman, quien ha formado parte de la junta desde 2017, ha renunciado a sus cargos como director y presidente ejecutivo, con efecto a partir del 31 de julio de 2024. La junta directiva ha nombrado a Louis Karger como nuevo presidente de la junta. Este cambio de gestión marca una transición notable para AYR Wellness, ya que la empresa avanza bajo un nuevo liderazgo. Se han reconocido las contribuciones del presidente saliente en la conformación actual de la empresa, con el nuevo presidente expresando gratitud por los años de servicio de Sandelman.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), 미국 내 여러 주에서 수직 통합된 주요 대마초 운영업체가 리더십에 중대한 변화를 발표했습니다. Jonathan Sandelman은 2017년부터 이사회에 있었으며, 2024년 7월 31일부로 이사 및 운영 의장직에서 사임했습니다. 이사회는 Louis Karger를 새 이사회 의장으로 임명했습니다. 이번 경영 변화는 AYR Wellness에게 중요한 전환점을 의미하며, 새 리더십 아래 회사가 나아가고 있습니다. 퇴임하는 의장이 회사의 현재 모습 확립에 기여한 바가 인정되었으며, 새 의장은 Sandelman의 수년간의 봉사에 감사의 뜻을 전했습니다.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), un opérateur de cannabis multi-états intégré verticalement et leader aux États-Unis, a annoncé des changements significatifs au sein de sa direction. Jonathan Sandelman, membre du conseil d'administration depuis 2017, a démissionné de ses fonctions de directeur et de président exécutif, avec effet au 31 juillet 2024. Le conseil d'administration a nommé Louis Karger comme nouveau président du conseil. Ce changement de direction marque une transition notable pour AYR Wellness, alors que l'entreprise avance sous une nouvelle direction. Les contributions du président sortant à l'établissement de la forme actuelle de l'entreprise ont été reconnues, le nouveau président exprimant sa gratitude pour les années de service de Sandelman.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), ein führender vertikal integrierter Multi-State-Cannabisbetreiber in den USA, hat bedeutende Veränderungen in seiner Führung angekündigt. Jonathan Sandelman, der seit 2017 im Vorstand ist, hat seine Positionen als Direktor und Executive Chairman zum 31. Juli 2024 niedergelegt. Der Vorstand hat Louis Karger zum neuen Vorstandsvorsitzenden ernannt. Dieser Führungswechsel markiert einen bemerkenswerten Übergang für AYR Wellness, während das Unternehmen unter neuer Leitung voranschreitet. Die Beiträge des scheidenden Vorsitzenden zur Etablierung der aktuellen Unternehmensform wurden anerkannt, und der neue Vorsitzende drückte seine Dankbarkeit für Sandelmans jahrelange Arbeit aus.

Positive
  • Smooth transition of leadership with immediate appointment of new chairman
  • Continuity in board leadership maintained through internal promotion
Negative
  • Departure of long-serving executive chairman may lead to strategic shifts
  • Potential loss of institutional knowledge with Sandelman's exit

MIAMI, July 31, 2024 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator (“MSO”), today announced that, effective today, Mr. Jonathan Sandelman has resigned and stepped down from his role as director and executive chairman of the Company. The board of directors of the Company has determined that Mr. Louis Karger is now the chairman of the board.

Mr. Sandelman has served on the board of AYR since 2017 and has resigned to pursue other opportunities.

“We want to thank Jon for his role in establishing the Company in its current form and for his years of service and wish him all the best with his future endeavors” stated Mr. Karger.

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 resigned from AYR Wellness (AYRWF) on July 31, 2024?

Jonathan Sandelman resigned from his roles as director and executive chairman of AYR Wellness (AYRWF) on July 31, 2024.

Who is the new chairman of the board for AYR Wellness (AYRWF)?

Louis Karger has been appointed as the new chairman of the board for AYR Wellness (AYRWF).

How long had Jonathan Sandelman served on the board of AYR Wellness (AYRWF)?

Jonathan Sandelman had served on the board of AYR Wellness (AYRWF) since 2017.

What is the stock symbol for AYR Wellness on the OTCQX?

The stock symbol for AYR Wellness on the OTCQX is AYRWF.

AYR WELLNESS INC

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