Ayr Wellness Inc C.AYR.A

Alternate Symbol(s): AYRWF

Healthcare

AYR Wellness Inc. is a vertically integrated multi-state cannabis operator in the United States. The Company operates simultaneously as a retailer with more than 90 licensed dispensaries and a house of cannabis consumer packed goods (CPG) brands. It is a cultivator, manufacturer and retailer of cannabis products and branded CPG, and is engaged in the manufacture, possession, use, sale, or distribution of cannabis and/or holds licenses in the adult-use and/or medicinal cannabis marketplace in the States of Massachusetts, Nevada, Pennsylvania, Florida, New Jersey, Ohio, Illinois, and Connecticut. The Company’s portfolio of CPG brands includes Kynd, Origyn Extracts, Levia, STiX Preroll Co., Secret Orchard, and Entourage, among others. It owns and operates a chain of cannabis retail stores under various brand names. The Company distributes and markets its products to Company-owned retail stores and to third-party licensed retail cannabis stores throughout its operating footprint.

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Ayr Wellness Inc

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Post by retiredcfon Nov 23, 2021 9:43am

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Post# 34156518

Canaccord

Still looking for close to a triple given the crazy decline in SP. GLTA

Canaccord Genuity analyst Matt Bottomley cut his Ayr Wellness Inc. target to $62 from $70 with a “buy” rating. The average is $68.67.

“Although we have trimmed our forward valuation, we note that AYR.A still trades at 5.6 times our 2022E EV/EBITDA- a significant discount to its MSO peers at 8.5 times, making it one of the better value propositions in the space (in our view),” he said.

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