Post by
Finalsay on Oct 03, 2020 12:44pm
Exciting times
It's certainly exciting times for AYR shareholders. After sitting on the sidelines for most of the year Jon has finally pulled the trigger on some new aquisitons. Ohio and penn seem like great markets for AYR to expand into, and the annual information form suggest that the other two markets they are targetting are New Jersey and Illinois. New Jersey votes in November to leagalize recreation cannabis. If they get the greenlight, this could have a domino effect and put pressure on Penn to legalize cannabis. Adult sales in Illinois begain in Jan 2020 and from reading articles I've seen reported sales of $300 million as of the beginning of August. Illinois also has a law that allows not more than 500 licenses, which is going to create scarcity and limit the amount of companies that will be able to cash in on this huge market. Illinois is a huge market and I was hoping this would be a market Jon made an aquisition in. Jon has positioned AYR to capitalize on the burgeoning cannabis industry in some of the best possible states. Will be exciting to watch the revenue growth as these aquistions start coming on line and the industry continues to grow. LONG AYR
Comment by
RockLobster1 on Oct 08, 2020 9:26pm
indeed the sector might have bottomed, and AYR is one of the few with good financials as well as growth,,,, Up 10% today, looking very solid...
Comment by
Finalsay on Oct 09, 2020 12:47pm
AYR has committed to large cash payments in their two announced aquisition states and need to raise cash. Forced warrant conversion would likely do the trick.
Comment by
BushweedJA on Oct 12, 2020 6:46pm
This post has been removed in accordance with Community Policy