Ayr Wellness Expands its Florida Footprint, Opens Dispensary in Ocala

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NEW YORK, Aug 12, 2021 (GLOBE NEWSWIRE) – Ayr Wellness Inc. (CSE: AYR.A, OTC: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated multi-state cannabis operator , today announced the opening of Liberty Health Sciences Ocala, the company’s 39th open pharmacy in Florida.

The pharmacy is located at 4920 E Silver Springs Boulevard, Ocala, Florida, 34470. The nearly 3,000 m² area is located on one of the busiest streets in central Florida in a 50-parking space with several shops, markets and restaurants.

LHS Ocala offers the company’s expanded range of flower varieties as well as its newly launched Origyn concentrates and Big Pete’s Cookies.

Jonathan Sandelman, CEO of Ayr, said, “We believe this is a critical time for pharmacies to open in the Florida market and anchoring our share of attractive locations across the state. We have now opened 39 stores in Florida and aim to open 11 more by the end of the year. We continue to invest heavily in improving our growing quality and capacity to improve our product offering and contribute to an improved customer experience. The results of these investments are starting to pay off and we couldn’t be more proud of our team. “

The Florida medical marijuana market continues to show robust growth, with the Florida Office of Medical Marijuana Use reporting over 595,045 registered patients on August 6, 2021, up 53% year over year.

Forward-Looking Statements

Certain information in this press release may be forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are often, but not always, identified by the use of words such as “aim”, “expect”, “anticipate”, “believe”, “anticipate”, “could”, “would”, “estimate”. , “Goal,” “outlook,” “intend,” “plan,” “seek,” “will,” “may,” “pursue,” “vote,” and “should” and similar expressions or words referring to future results indicate. This press release contains forward-looking information and statements relating, among other things, to Ayr’s future growth plans. Numerous risks and uncertainties could cause actual events and results to differ materially from the estimates, beliefs and assumptions expressed or implied in any forward-looking statements, including, but not limited to: expected strategic, operational and competitive advantages may not be realized; Events or series of events, also in connection with COVID-19, can lead to business interruptions; required official approvals cannot be obtained; Acquisitions may not be completed on satisfactory terms or at all; and Ayr may not be able to raise additional debt or equity. Ayr has anticipated, among other things, that its businesses will function as expected, will complete acquisitions on reasonable terms, and obtain all necessary regulatory approvals on satisfactory terms and within the expected timeframe.

Estimates and assumptions involve known and unknown risks and uncertainties that could lead to material differences between the actual results. Although Ayr believes that there is a reasonable basis for these assumptions, such estimates may not be met. These estimates represent forward-looking information. Actual results could differ and differ materially from those estimates.

About Ayr WellnessAyr is an expanding vertically integrated American cannabis operator focused on delivering the highest quality cannabis products and customer experiences across its footprint. Based on the belief that everything starts with the quality of the plant, the company focuses on premium cultivation to grow high quality branded cannabis products. Ayr strives to enrich the consumer experience every day through the wellbeing and wonders of cannabis.

Ayr’s leadership team brings a proven track record of growing successful businesses through disciplined operations and financial management, and is committed to creating positive impacts for customers, employees and the communities they touch. More information is available at www.ayrwellness.com.

Company contact:

Megan KulickHead of Investor Relations T: (646) 977-7914 Email: IR@ayrwellness.com

Media contact:

Robert VaniskoVP, Corporate Communications Email: robert.vanisko@ayrwellness.com

Investor Relations Contact:

Brian PinkstonMATTIO CommunicationsT: (703) 926-9159 Email: ir@mattio.com Email: IR@ayrwellness.com

Source: Ayr Wellness Inc.