AYR Strategies Inc (CNSX:AYR.A, OTCMKTS:AYRWF) might be the best under-the-radar cannabis play out there right now. Thanks to a number of recent developments, AYRWF stock should be in the spotlight in 2021.
AYR Strategies stock is up 176% year-over-year, 588% since bottoming in March, and 63% since the beginning of November. While a rising tide lifts all boats, there’s more than enough reason for investors to get excited about AYRWF stock in 2021.
AYR Strategies Inc recently reported record third-quarter results and announced expansion into Arizona, Pennsylvania, and Ohio.
The company opened its first dispensary in Pennsylvania in October and it expects to open additional dispensaries in 2021. Moreover, AYR Strategies is on track to roll out recreational pot sales in Massachusetts in 2021.
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AYRWF Stock Overview
Based in New York City, Ayr Strategies is a seed-to-sale, multi-state cannabis operator with operations focused on high-growth markets. (Source: “Investor Presentation,” AYR Strategies Inc, December 22, 2020.)
The company’s anchor operations are in Massachusetts and Nevada, but it also has an established footprint in Arizona, Ohio, Florida, Ohio, Pennsylvania, and New Jersey. In four of those states—Nevada, Arizona, Massachusetts, and New Jersey—recreational cannabis is now legal.
AYR Strategies Inc has more than 200,000 square feet of production and cultivation space, which is capable of growing 17,000 pounds of cannabis flower every year. It also has more than one million square feet of cultivation and processing facilities in development.
Thanks to the company’s strong acquisition and expansion plans, AYR Strategies is positioned to be one of the top five multi-state marijuana operators in the U.S. by 2022. In that year, the company expects to report pro-forma revenue of at least $725.0 million and pro-forma earnings before interest, taxes,