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AYR Wellness Inc. (OTCMKTS: AYRWF) Receives Temporary Certificate of Occupancy To Start Phoenix Facility Operations and Acquire Dispensary 33

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AYR Wellness Inc. (OTCMKTS: AYRWF) has received a Temporary Certificate of Occupancy to commence operations in the Phoenix, Arizona growing facility.

Ayr brings Phoenix cultivation facility online 

CEO Jonathan Sandelman said, “Ayr continues to execute on its plan for growth, with this Phoenix cultivation facility being the latest project to come online. Our talented cultivation team has already received great reviews for the Kynd premium flower being grown in our Chandler, Arizona facility, and we look forward to scaling production with this larger space. The flower produced will supply our three Oasis dispensaries, as well as our growing wholesale business in the state.”

The company planted the first crop over the weekend, and it plans to have the first harvest by mid-march 2022. In addition, AYR Wellness expects to receive regulatory and local approval in the coming weeks for additional space in the cultivation facility.

Ayr to acquire Dispensary 33

Recently the company announced an agreement to purchase Gentle ventures LLC d/b/a Dispensary 33 and some of its affiliates that own and operate collectively two Chicago-based licensed retail dispensaries. Dispensary 33 operates two retail locations in Chicago, one on the busy W Randolph Street in West Loop, a former industrial meatpacking district that is currently popular as a leading neighborhood for nightlife, restaurants, and hospitality, and the other around Andersonville area in N Clark Street.

Sandelman stated, “In any market where we operate, our goal is to develop scale and meaningful presence. Today’s announcement builds on our existing foundation in Illinois, which we began building just a few months ago with the proposed acquisition of two stores in Quincy, Illinois. Since then, we have sought opportunities to deepen our presence, beginning with our social equity partner, Land of Lincoln, which was selected for a dispensary license in Bloomington, and today’s proposed acquisition of Dispensary 33 in Chicago, which, when completed, will give us a presence in two of Chicago’s most desirable neighborhoods. We will continue to seek opportunities to expand in Illinois.”

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