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AYR Wellness Launches Adult-Use Sales in Ohio

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AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) has launched adult-use cannabis sales in Ohio. Customers aged 21 and over with valid government-issued ID can now shop at AYR Dispensaries in Woodmere, Goshen, and Dayton. This expansion follows Ohio's passage of Issue 2 in November, which legalized recreational cannabis use. Julie Winter, SVP and Market GM for Ohio at AYR, highlighted the strong demand for tested and trusted cannabis products in the state. AYR plans to support its partners in serving Ohio residents through these three branded dispensaries and its wholesale presence. The company has future ownership rights to all three dispensaries, pending regulatory approval.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) ha lanciato la vendita di cannabis per uso adulto in Ohio. I clienti di età pari o superiore a 21 anni, in possesso di un documento d'identità emesso dal governo, possono ora fare acquisti presso i dispensari AYR a Woodmere, Goshen e Dayton. Questa espansione segue l'approvazione da parte dell'Ohio della Questione 2 a novembre, che ha legalizzato l'uso ricreativo della cannabis. Julie Winter, VP e GM di mercato per l'Ohio presso AYR, ha sottolineato la forte richiesta di prodotti di cannabis testati e affidabili nello stato. AYR prevede di sostenere i suoi partner nel servire i residenti dell'Ohio attraverso questi tre dispensari a marchio e la sua presenza all'ingrosso. L'azienda ha diritti di proprietà futuri su tutti e tre i dispensari, in attesa di approvazione normativa.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) ha lanzado la venta de cannabis para uso adulto en Ohio. Los clientes de 21 años o más con identificación gubernamental válida pueden ahora comprar en los dispensarios de AYR en Woodmere, Goshen y Dayton. Esta expansión sigue a la aprobación de la Cuestión 2 en Ohio en noviembre, que legalizó el uso recreativo de la cannabis. Julie Winter, SVP y GM de Mercado para Ohio en AYR, destacó la fuerte demanda de productos de cannabis probados y confiables en el estado. AYR planea apoyar a sus socios para atender a los residentes de Ohio a través de estos tres dispensarios de marca y su presencia mayorista. La empresa tiene derechos de propiedad futuros sobre los tres dispensarios, a la espera de aprobación regulatoria.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF)는 오하이오에서 성인용 대마초 판매를 시작했습니다. 유효한 정부 발행 신분증을 가진 21세 이상의 고객은 이제 우드미어, 고쉰, 데이턴에 있는 AYR 약국에서 쇼핑할 수 있습니다. 이번 확장은 11월에 오하이오에서 제안된 문제 2가 통과되어 오락용 대마초 사용이 합법화된 뒤 이루어졌습니다. AYR의 오하이오 시장부 부사장 겸 GM인 줄리 윈터는 이 주에서 검증되고 신뢰할 수 있는 대마초 제품에 대한 강한 수요가 있음을 강조했습니다. AYR은 이러한 세 개의 브랜드 약국과 도매 존재를 통해 오하이오 주민들을 지원할 계획입니다. 이 회사는 규제 승인을 기다리는 중에 이 세 개의 약국에 대한 미래 소유권을 가지고 있습니다.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) a lancé la vente de cannabis à usage adulte dans l'Ohio. Les clients âgés de 21 ans et plus avec une pièce d'identité gouvernementale valide peuvent maintenant faire leurs achats dans les dispensaires AYR à Woodmere, Goshen et Dayton. Cette expansion fait suite à l'adoption de la Question 2 en novembre, qui a légalisé l'utilisation récréative du cannabis. Julie Winter, VP senior et GM pour l'Ohio chez AYR, a souligné la forte demande pour des produits de cannabis testés et fiables dans l'État. AYR prévoit de soutenir ses partenaires dans le service des résidents de l'Ohio à travers ces trois dispensaires de marque et sa présence en gros. L'entreprise a des droits de propriété futurs sur les trois dispensaires, en attente de l'approbation réglementaire.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) hat d ie Verkäufe von Cannabis für Erwachsene in Ohio eröffnet. Kunden ab 21 Jahren mit gültigem, staatlich ausgestelltem Ausweis können nun in AYR Apotheken in Woodmere, Goshen und Dayton einkaufen. Diese Expansion folgt auf die Verabschiedung des Anliegens 2 im November in Ohio, das die Verwendung von Freizeit-Cannabis legalisierte. Julie Winter, SVP und Markt-Geschäftsführerin für Ohio bei AYR, betonte die starke Nachfrage nach getesteten und vertrauenswürdigen Cannabisprodukten im Bundesstaat. AYR plant, seine Partner bei der Betreuung der Bewohner von Ohio über diese drei Markenapotheken und seine Großhandelspräsenz zu unterstützen. Das Unternehmen hat zukünftige Eigentumsrechte an allen drei Apotheken, die auf die Genehmigung der Aufsichtsbehörden warten.

Positive
  • Expansion into Ohio's adult-use cannabis market
  • Potential for increased revenue from new customer base
  • Future ownership rights to three dispensaries in Ohio
  • Strong wholesale presence in the state
Negative
  • Ownership of dispensaries subject to regulatory approval

Adult customers in Ohio can now shop at AYR Cannabis Dispensaries in Woodmere, Goshen and Dayton

MIAMI, Aug. 06, 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 the launch of retail adult-use cannabis sales in Ohio, where individuals over the age of 21 with a valid government-issued photographic ID can now shop at AYR Dispensary locations in Woodmere, Goshen and Dayton.

AYR has the future right to ownership of all three dispensaries, subject to regulatory approval.

"The launch of adult-use cannabis sales in Ohio provides an excellent opportunity to expand access to new customers through our growing dispensary network in the Buckeye State,” said Julie Winter, SVP and Market GM for Ohio at AYR. “The people of Ohio spoke loudly with an overwhelming passage of Issue 2 back in November, making it clear that there is a strong appetite for tested and trusted cannabis products throughout the state. We now look forward to supporting our partners as they serve people of Ohio across the three AYR-branded dispensaries in the state as well as our robust wholesale presence.”

To explore AYR Wellness’s product offerings, discover discounts, find your nearest dispensary, or check their operating hours, please visit www.ayrdispensaries.com.

Forward-Looking Statements
Certain information contained in this news release may be forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are often, but not always, identified by the use of words such as "target", "expect", "anticipate", "believe", "foresee", "could", "would", "estimate", "goal", "outlook", "intend", "plan", "seek", "will", "may", "tracking", "pacing" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, AYR’s future growth plans. Numerous risks and uncertainties could cause the actual events and results to differ materially from the estimates, beliefs and assumptions expressed or implied in the forward-looking statements, including, but not limited to: anticipated strategic, operational and competitive benefits may not be realized; events or series of events, including in connection with COVID-19, may cause business interruptions; required regulatory approvals may not be obtained in a timely manner or at all; inflationary pressures may increase input costs; supply chain issues may hamper production and distribution; scientific research regarding cannabis is still in its early stages and is subject to change as further research is completed; state laws may restrict or prevent inter-state commerce in cannabis products; acquisitions may not be able to be completed on satisfactory terms or at all; and AYR may not be able to raise needed additional debt or equity capital. Among other things, AYR has assumed that its businesses will operate as anticipated, that it will be able to complete acquisitions on reasonable terms, and that all required regulatory approvals will be obtained on satisfactory terms and within expected time frames. Forward-looking estimates and assumptions involve known and unknown risks and uncertainties that may cause actual results to differ materially. While AYR believes there is a reasonable basis for these assumptions, such estimates may not be met. These estimates represent forward-looking information. Actual results may vary and differ materially from the estimates.

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.

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

When did AYR Wellness (AYRWF) launch adult-use cannabis sales in Ohio?

AYR Wellness launched adult-use cannabis sales in Ohio on August 6, 2024.

In which Ohio cities can customers find AYR Wellness (AYRWF) dispensaries?

AYR Wellness dispensaries in Ohio are located in Woodmere, Goshen, and Dayton.

What are the requirements for purchasing cannabis at AYR Wellness (AYRWF) dispensaries in Ohio?

Customers must be 21 years or older and present a valid government-issued photographic ID to purchase cannabis at AYR Wellness dispensaries in Ohio.

How did Ohio legalize recreational cannabis use before AYR Wellness (AYRWF) entered the market?

Ohio legalized recreational cannabis use through the passage of Issue 2 in November, prior to AYR Wellness launching adult-use sales in the state.

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