The AYR Wellness Campaign is an important way for the company to invest in the health and wellness of the community. With over a decade of success under its belt, the company is working to make sure its commitment to healthy living isn’t just a slogan, but a reality for all AYR employees and the community at large. Here are a few ways to get involved.
Donations To Restorative Justice Initiatives
As part of their “12 Days of Giving” holiday campaign, Ayr Wellness Inc., a vertically integrated cannabis operator, has decided to make a splash with a philanthropic campaign. In addition to announcing two new retail locations in Florida, they have also announced a charitable campaign with some very specific goals in mind. With their “Big Buddah” campaign, the company is looking to raise $100,000 in donations to support two key initiatives: a restorative justice program and an advocacy campaign. Combined, these are the most important initiatives that the company has identified, and will be the most significant contributions that Ayr has made to its community.
The aforementioned philanthropic initiative will be supported through a donation of $1.12 per transaction to two partner organizations. These include the Ayr-owned retail store in Tarpon Springs, Florida and Project Clean Slate, a non-profit organization that provides expungement services to adults who have been charged with a non-violent marijuana offense.
Stock Repurchase Program
Ayr Wellness, a vertically integrated multi-state marijuana operator, recently announced a stock repurchase program. The company’s shares have fallen significantly since the announcement. However, the potential repurchase does not represent a massive amount of cash.
Ayr is well positioned to capitalize on the upcoming legalization of marijuana in the United States and Canada. As a result, the company is a good prospective investment. At the moment, the company has more than $120 million in cash on its books. In addition, the company has $150 million in additional debt capacity. This means the company can buy back shares when it believes its shareholders are undervalued.
During the last four quarters, the company has generated positive cash flow. Management is confident that the company has the financial resources to undertake a repurchase of 5% of its outstanding shares. It would cost $60 million, according to current market values. Buying back shares is a better option than issuing dividends.
Affiliate Programs
Ayr Wellness (NYSE:AWE) is a vertically integrated cannabis operator. It operates in several states and has a number of products and services. The company recently opened two new retail locations in Florida. They have also announced an expansion of their LivFree program.
Ayr’s investor dashboard provides fact-based and data-driven due diligence. The dashboard is designed to be user friendly, so you can spend more time with your investment.
Ayr’s flagship brand, Ayr Therapeutics, maintains strict standards for quality control and continuity. Its products include a variety of oils and extracts, as well as topicals and tinctures. These products are distributed throughout Nevada and Massachusetts.
In addition to its products and services, Ayr provides operational support to its affiliates. These affiliates include LivFree, which was recently awarded two (2) additional dispensary licenses in the greater Las Vegas market. Moreover, Ayr has opened two new retail stores, one in Tarpon Springs and the other in Orlando Turkey Lake.
Forward-Looking Statements
Ayr Wellness is a leading vertically integrated cannabis multi-state operator. Its operating markets include Florida, Nevada, Pennsylvania, Arizona and Ohio. With three retail locations in New Jersey, the company offers high-quality, therapeutic products. The company focuses on community service and is committed to the tradition of social justice.
Ayr operates under strict quality assurance standards. To achieve these standards, Ayr relies on human capital. The management team is committed to the success of the company and has a proven track record of growing successful businesses. This team is also dedicated to providing customers with the highest quality and best possible customer experience.
Ayr’s management has updated the assumptions underlying its guidance. It expects to report 10% sequential growth in Q3 2022 to Q4 2022. However, the actual results may differ materially from this estimate. In addition, the Company may not raise additional equity capital or may be unable to complete any acquisitions on satisfactory terms.
