MIAMI, May 18, 2022 (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 it has launched its first sale from its Phoenix growing facility , Arizona. At the same time, the company announced the launch of its national pre-roll brand, STiX Pre-Roll Co. (“STiX”) in Arizona.
“The sale of our new crop in Arizona marks an important operational milestone for Ayr and expands our high-quality flower capacity in the state,” said Jonathan Sandelman, Ayr Founder, Chairman and CEO. “Having great blooms will be crucial to differentiate our Kynd brand statewide, while also being able to unveil new offerings like STiX, which represents one of the fastest-growing form factors on the market, according to BDSA. We are very impressed. Impressed with the quality of the flowers and the yields coming out of the facility, a tribute to our growing team.”
The 80,000-square-foot growing facility began operations in December 2021. The indoor facility has 22 varieties in cultivation, with the first harvests yielding ~75 g/sq. ft. The company expects higher yields, THC percentages and terpene percentages in subsequent harvests.
“The quality of the facility and the flour that comes out is a huge step for Ayr in Arizona, and we’ve received excellent feedback on both from our wholesale partners who have visited the facility to date,” said Jeff Finnerty, SVP, Marketing at Ayr. “With unique, cutting edge genetics and an unwavering commitment to quality, we are excited to expand our offerings presence throughout Arizona and do so at a premium price.”
STiX launches with two primary SKUs, Walking STiX 1g Pre-Roll and BoomSTiX, a 1g Infused Pre-Roll. Walking STiX is offered in varieties like Wedding Cake, Mai Tai Zkittles, Mr. Nasty and Dream Tangie. BoomSTiX will initially be offered with Ghost Train Haze, Jenny Kush, Jenny Kush #4 and Jack Kush.
STiX will initially be offered exclusively in Ayr’s three Oasis Cannabis locations. The company expects to start selling to third-party retail locations shortly thereafter.
For more information about Ayr Wellness or to find your nearest pharmacy, visit https://ayrwellness.com.
Certain information in this press release may constitute 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,” “anticipate,” “could,” “should,” “estimate,” ” target”, “prospect”, “intend”, “plan”, “seek”, “will”, “may”, “track”, “pacing” and “should” and similar expressions or words that suggest future results. This press release contains forward-looking information and statements regarding, among other things, Ayr’s future growth plans. Numerous risks and uncertainties could cause 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: expected strategic, operational and competitive advantages may not be realised; events or series of events, including those related to COVID-19, could cause business disruptions; required regulatory approvals may not be obtained; may change laws or their interpretation, administration or enforcement; different regulatory requirements between states may prevent Ayr from achieving economies of scale; favorable locations may be limited or difficult to obtain; acquisitions may not be completed on satisfactory terms or at all, or may not be successful if completed; the implementation of contracts may be restricted; scientific research related to cannabis is still in its early stages and subject to change as further research is completed; the inherent risks of an agricultural business; cybersecurity, transportation, recall, product liability and litigation risks; and Ayr may not be able to raise additional debt or equity if necessary. Among other things, Ayr assumes that its business will operate as expected, that it will be able to complete acquisitions and acquire desired retail locations on reasonable terms, and that all required regulatory approvals will be obtained under satisfactory conditions and within the expected deadlines.
Estimates and assumptions involve known and unknown risks and uncertainties that could cause actual results to differ materially. While Ayr believes there is a reasonable basis for these assumptions, such estimates may not be achieved. These estimates represent forward-looking information. Actual results may differ and differ materially from estimates.
About Ayr Wellness Inc.
Ayr is a growing vertically integrated US multi-state cannabis operator. Based on the belief that everything starts with the quality of the plant, the company’s mission is to grow the best quality cannabis on a large scale and deliver remarkable experiences to its customers every day.
Ayr’s leadership team brings proven expertise in growing successful businesses through disciplined operational and financial management, and is committed to positively impacting customers, employees and the communities they serve. For more information, visit www.ayrwellness.com.
VP, Corporate Communications
Contact person for investor relations:
Sean Mansouri, CFA
T: (720) 330-2829
This post Ayr Wellness announces first sale of 80,000 square meters. foot Growing Facility in Phoenix, Launch of STiX Pre-Roll Co. in Arizona
was original published at “https://financialpost.com/globe-newswire/ayr-wellness-announces-first-sale-from-80000-sq-ft-phoenix-cultivation-facility-launch-of-stix-pre-roll-co-in-arizona”