Ayr Wellness Inc. (OTCMKTS: AYRWF) Signs a Binding Letter of Intent to Acquire PA Natural Medicine, LLC

Curiosity about cannabis is building by the day as more expert cultivators, manufactures, budtenders, and patient consultants emerge. Their urge is to help and guide those interested in everything about cannabis. Ayr Wellness Inc. (OTCMKTS: AYRWF) is one of those at the forefront. The company grows and sells high-quality cannabis and is well-positioned in advocating wellness to both starters and seasoned consumers. 

Seemingly, cannabis has been a force for improving lives and contributes responsibly to communities. And to ensure the cannabis industry is as empowering as possible, Ayr has expanded its operations by acquiring PA Natural Medicine, LLC. As a result, the multi-state operator is quickly building its existence in the growing medical market in the Commonwealth of Pennsylvania. 

Holding onto a Tremendous Foundation

It is not long since Ayr found its position in Pennsylvania. In less than six months, the company has opened three wellness stores with a run-rating of over $7 million in annualized revenue per dispensary. The goal is to develop scale and meaningful presence in each of its markets.

“With such great momentum… we are expanding our retail presence with the acquisition of PA Naturals…We look forward to welcoming the great people of PA Naturals to the Ayr team,” Ayr Wellness Founder Jonathan Sandelman explained. 

Understanding PA Naturals and its Operations

It is a three-store operation in central Pennsylvania, operating some of the best metrics in the state. Some of its primary locations include the college towns of Bloomsburg, Selinsgrove, and State College. Ayr’s acquisition is likely to close in Q4 2021, and after that, rebranding dispensaries under the AYR Wellness banner can begin. In addition, Ayr plans to purchase 100% of the membership interests of PA Natural. 

It does not matter where you are in your cannabis journey. Whether your interest is in medical or recreational cannabis, of importance is to choose the right product. Ensure you carry out deep and thoughtful exploration through a wide range of cannabis brands.