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New medical cannabis growing facility sells for $27.8 million

A multistate medical marijuana operator has consummated the planned purchase of the Parma Wellness Center, a growing facility under construction near the General Motors Co. plant. ....

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Data Scoop: Out-of-state companies buy way into Ohio's weed industry

Data Scoop: Out-of-state companies buy way into Ohio's weed industry
crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.

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XS Financial Upsizes Lease Facility With Ayr Wellness Up To $21.4M

XS Financial Upsizes Lease Facility With Ayr Wellness Up To $21.4M
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Jonathan Sandelman

Jonathan Sandelman
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Cantor's Zuanic Stays Neutral On Ayr Wellness Stock On The Heels Of Q1 2021 Report, Trims 12-Month Price Target

Vertically integrated cannabis company
Ayr Wellness Inc. (CSE:AYR) (OTCQX:AYRWF) reported Wednesday that its revenue spiked 74% year-over-year, reaching $58.4 million in the first quarter of 2021, beating the consensus sales estimates.
The Analyst
Cantor Fitzgerald s analyst Pablo Zuanic reaffirmed their Neutral rating on Ayr s stock, trimming their 12-month price target to $33.5 from $36.
Over the quarter, the Toronto-based company wrapped up the acquisition of Liberty Health Sciences, adding 42 Florida-based stores to its portfolio.
In addition, it purchased Arizona-based Blue Camo LLC, which operates as Oasis, and its three medical and adult-use dispensaries in the greater Phoenix area. Ayr also bought a triple-stacked cultivation and processing facility in Chandler, which spans 10,000 square feet, as well as 86,000 square feet of cultivation property in Phoenix, which is still under development. ....

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