Friday, May 30, 2025

Latest

Ayr Strategies To Enter Arizona Following Definitive Agreement For $75.4 Million Acquisition

Ayr Strategies (CSE: AYR.a) has signed a definitive agreement as of today to enter the state of Arizona. The company has pushed forward with a previously announced letter of intent to acquire that of Blue Camo, LLC.

Blue Camo currently has vertically integrated operations in Arizona, consisting of three Oasis-branded dispensaries in the Pheonix area, along with a cultivation and processing facility in Chandler and a currently under construction cultivation facility in Phoenix. Furthermore, the three dispensaries have been approved for adult-use cannabis within the state, with such sales commencing on Monday.

Under the terms of the transaction, Ayr Strategies is to pay an aggregate of $75.4 million up front. Payment is to consist of $9.5 million in cash, $37.4 million in shares of the company, with an estimated 2.57 million shares to be issued, as well as a $28.5 million sellers note. An additional 2 million shares have been placed in escrow, pending certain production targets being achieved at the new facility. Additional earn-out provisions also exist for 2021 and 22, to be paid based on adjusted EBITDA figures.

The transaction is currently expected to close in late March.

Ayr Strategies last traded at $33.00 on the CSE.


Information for this briefing was found via Sedar and Ayr Strategies. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Ayr Strategies Price Target Upgraded By Canaccord, Echelon Wealth Following Second Quarter Reporting

Last week, Ayr Strategies (CSE: AYR.A) reported their second-quarter financials and reached an agreement to...

Saturday, August 29, 2020, 01:39:00 PM

Ayr Strategies: Canaccord Reiterates Rating Following Arizona Transaction

This week, Canaccord Genuity came out with a note reiterating their C$25 price target and...

Friday, November 6, 2020, 12:20:00 PM

Ayr Strategies: PI Financial Initiates With $60 Price Target, Buy Rating

On January 20th, PI Financial became the fourth firm to cover Ayr Strategies’ (CSE: AYR.a)....

Sunday, January 24, 2021, 11:34:00 AM

Arizona: Proposed Legislation Seeks MLB Exemption From Minimum Wage

In Arizona, a legislative debate is unfolding over a proposed bill, HB 2197, which aims...

Friday, January 26, 2024, 02:10:00 PM

Ayr Strategies Offers Incentive On In-The-Money, Acceleration-Clause-Meeting Warrants

Ayr Strategies (CSE: AYR.A) this evening announced that it is offering a short term incentive...

Monday, November 23, 2020, 05:28:27 PM