Debra BorchardtJanuary 27, 2023Tag: Ayr Wellness
Debra BorchardtJanuary 27, 2023Debra BorchardtNovember 10, 2022
Company forecasts 10% growth despite expected price compression.
John SchroyerOctober 13, 2022
Laura Mentch previously served as a staff pharmacist for three cannabis companies.
StaffOctober 12, 2022
The Daily Hit is a recap of cannabis business news for Oct. 12, 2022. ON THE SITE SNDL Agrees to $7 Million IPO Settlement A settlement has been reached in the case of cannabis company Sundial Growers, which now calls itself SNDL (OTC: SNDL). The $7 million settlement is the result of a class action suit […]
Adam JacksonSeptember 9, 2022
Ayr & a Hartford City councilwoman will be one of the first recreational cannabis growers in the state.
Adam JacksonAugust 18, 2022
Ayr Wellness Inc. (OTCQX: AYRWF) hiked its outlook for the year on Thursday despite posting results that missed expectations — as sales slip and losses rise. The multi-state operator reported financial results for the first quarter ending June 30, 2022 Ayr reported approximately $110.1 million in revenue during the period, up 20.6% versus the same […]
Debra BorchardtJuly 28, 2022
Get ready for some cannabis companies to report boosted earnings as revenues got juiced from New Jersey adult-use sales. Cantor Fitzgerald analyst Pablo Zuanic thinks that the addition of this market could drive growth in second-quarter sales for several companies in a report he issued on Thursday. While there hasn’t been any official data from […]
Debra BorchardtJune 24, 2022
Cannabis deal tracker Viridian Capital Advisors is looking at the second half of the year to see what’s in store for the industry. Director of Equity Research Jonathan DeCourcey wrote, “The outlook is bearish for investor returns in the near term as the key catalyst on everyone’s mind, federal legislation, is unlikely to come, and […]
Debra BorchardtJune 7, 2022
With just 12 dispensaries open in the state, New Jersey still managed to ring up $24 million in sales in the first month. That’s roughly $5 million a week. According to the New Jersey Cannabis Regulatory Commission, “On the first day of adult-use sales in New Jersey, 12 participating dispensaries sold cannabis and cannabis products […]
Debra BorchardtMay 26, 2022Ayr Wellness Inc. (OTCQX: AYRWF) reported financial results for the first quarter ending March 31, 2022 with revenue rising 90% to $111.2 million over last year’s $58 million. Sales did slip a tiny bit from the fourth quarter’s revenue of $111.8 million. Ayr is forecasting an annualized run-rate of $250 million of Adjusted EBITDA,$250 million […]
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