AYR Wellness Receives Conditional Approval to Establish Vertical Medical Cannabis Operations in Virginia

MIAMI, September 5, 2024 (GLOBE NEWSWIRE) — AYR Welfare Inc.. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, today announced that it has received conditional approval to serve as a pharmaceutical processor by the Virginia Cannabis Control Authority (“CCA”) for Virginia’s Health Service Area 1 (“HSA 1”). HSA 1 includes several cities and counties in Virginia, including Charlottesville, Fredericksburg, Spotsylvania and Stafford.

“We are proud to have the opportunity to help patients in Virginia, particularly in a region with ~1.5 million people who have not had access to medical cannabis for some time,” said David Goubert, President & CEO of AYR. “This is an exciting moment for AYR, reflecting our continued efforts to build our business and generate sustainable, forward-looking growth.”