AYR Wellness Launches Adult Retail in Ohio

MIAMI, Aug. 6, 2024 (GLOBE NEWSWIRE) — Welcome to the AYR Wellness Inc. website. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state marijuana operator (“MSO”), today announced the launch of adult-use retail marijuana sales in Ohio, where individuals 21 years of age and older with a valid government photo ID can now make purchases at AYR Dispensary locations in Woodmere, Goshen and Dayton.

AYR will have ownership of all three pharmacies, subject to regulatory approval.

“The launch of adult-use cannabis sales in Ohio presents a great opportunity to expand access to new customers through our growing network of dispensaries in the Buckeye State,” said Julie Winter, SVP and Market GM for Ohio at AYR. “Ohioans have spoken loudly with their overwhelming adoption of Issue 2 in November, making it clear that there is a strong demand for trusted, trusted cannabis products across the state. We look forward to supporting our partners who serve Ohioans with three AYR-branded dispensaries in the state, as well as our strong wholesale presence.”

To view AYR Wellness products, discover discounts, find your nearest store or check opening hours, visit www.ayrdispensaries.com.

Forward-looking statements
Certain information contained 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 “aim,” “expect,” “anticipate,” “believe,” “predict,” “could,” “would,” “estimate,” “goal,” “outlook,” “intend,” “plan,” “seek,” “will,” “may,” “track,” “pace” and “should” and similar expressions or words suggesting future results. This press release contains forward-looking information and statements relating to, 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: anticipated strategic, operational and competitive benefits may not be realized; events or series of events, including those related to COVID-19, could cause interruptions in operations; required regulatory approvals may not be obtained in a timely manner or at all; inflationary pressures may increase input costs; supply chain issues may impede production and distribution; scientific research regarding hemp is still in its early stages and may change as further research is completed; state laws may restrict or prevent interstate commerce in hemp products; the acquisitions may not be consummated on satisfactory terms or at all; and AYR may not be able to obtain additional debt or equity capital needed. Among other things, AYR has assumed that its businesses will perform as expected, that it will be able to consummate the acquisitions on reasonable terms, and that all required regulatory approvals will be obtained on satisfactory terms and within the expected time frames. Future estimates and assumptions involve known and unknown risks and uncertainties that could cause actual results to differ materially. Although AYR believes there is a reasonable basis for these assumptions, such estimates may not be achieved. These estimates constitute forward-looking information. Actual results may differ and may differ materially from the estimates.

About AYR Wellness Inc.
AYR is a vertically integrated, US, multi-state cannabis business. The company operates both as a retailer with over 90 licensed dispensaries and home to CPG cannabis brands.

AYR is committed to providing high-quality cannabis products to its patients and customers while serving as a force for good for its team members and the communities it serves. For more information, visit www.ayrwellness.com.

Contact with the media:
Robert Vanisko
Vice President of Public Engagement
Phone: (786) 885-0397
Email address: [email protected]

Company contact:
Jon DeCourcey
Head of Investor Relations
Phone: (786) 885-0397
Email address: [email protected]

Contact for investors:
Sean Mansouri, Financial Analyst
Raise IR
Phone: (786) 885-0397
Email address: [email protected]