Ayr Wellness Announces 48th Florida Dispensary Opening in

MIAMI (GLOBE NEWSWIRE), June 23, 2022 — Ayr Wellness Incorporated (CSE:AYR.A., OTCQX, AYRWF).“Ayr”Or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator (MSO), today announced the opening of its 48th Florida dispensary, located in Longwood, a northeastern suburb of Orlando.

The new dispensary is 2,300+ square feet. The new dispensary covers 2,300+ sq.ft. and includes an active drive through station. Product offerings will include Ayr’s full line of concentrates, edibles, vapes, and a growing selection of high-quality flower, including the recently launched Kynd whole premium flower and Later Days whole flower.

“We’re excited to continue our expansion in Florida, celebrating our 48th store opening,”Jonathan Sandelman is the founder, chairman and CEO at Ayr. “Since acquiring Liberty Health Sciences just last year, we have added 17 new stores across the state and provided more choice to the market via the introduction of a wide selection of products from our national brand portfolio. We will continue to grow our presence during the second half of this year.”

Ayr bought Florida-based Liberty Health Sciences in February 2021 (“LHS”Or “Liberty”), which included 31 dispensaries across the state. The Company has since opened 17 more locations. The Company is currently moving its Dania Beach dispensary. This will be completed in early-July.

In 2021, Ayr relocated its U.S. headquarters from New York City to Miami, underscoring the Company’s commitment to the region. According to Florida OMMU., Florida had 730,000 patients enrolled in the medical marijuana program. Florida’s cannabis market ranks fourth in the nation by total legal cannabis sales, per BDSA, and generated over $1.8 billion in medical cannabis revenue in 2021. BDSA expects Florida’s legal cannabis market to generate $3.4 billion per year by 2026.

Please visit this website for more information on Ayr Wellness, or to locate your nearest cannabis dispensary. https://ayrwellness.com.

Forward-Looking Statements
Some information in this news release could be considered forward-looking statements under applicable securities laws. Forward-looking statements may be identified by words such “, but not always.” “target”, “expect”, “anticipate”, “believe”, “foresee”, “could”, “would”, “estimate”, “goal”, “outlook”, “intend”, “plan”, “seek”, “will”, “may”, “tracking”, “pacing” “should”similar expressions or words that suggest future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, Ayr’s future growth plans. There are many risks and uncertainties that could cause actual events and results not to match the expectations, beliefs, and assumptions made in forward-looking statements. These include: the anticipated strategic, operational, and competitive benefits; events or series thereof may cause business interruptions; laws or their interpretation, administration, or enforcement may change; Ayr may not achieve economies of scale; scientific research regarding cannabis is still early and may be subject to change; the inherent risks associated with an agricultural business; cyber security, recall, product liability, and litigation-related risks; and may not be able capital to raise any additional equity capital. Ayr believes that its businesses will operate as expected and that it will be in a position to acquire desirable retail sites and complete acquisitions on acceptable terms.

Estimates and assumptions can be affected by unknown risks and uncertainties, which can cause actual results to differ from those estimated. Although Ayr believes these assumptions are reasonable, they may not be true. These estimates represent forward-looking information. Actual results may differ from the estimates and could vary materially.

About Ayr Wellness Inc.
Ayr is a U.S. multi-state, vertically integrated cannabis operator. Based on the belief that everything starts with the quality of the plant, the Company’s mission is to cultivate the finest quality cannabis at scale and deliver remarkable experiences to its customers every day.

Ayr’s leadership team brings proven expertise in growing successful businesses through disciplined operational and financial management, and is committed to driving positive impact for customers, employees and the communities they serve. Visit www.ayrwellness.com to find out more.

Company/Media Contact:
Robert Vanisko
VP, Corporate Communications
Email: [email protected]

Contact us for Investor Relations
Sean Mansouri CFA
Elevate IR
T: (720) 330-2829
Email: [email protected]

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