Thursday, September 18, 2025

Latest

Ayr Wellness Enters LOI To Acquire Cannabis Beverage Firm For Up To $60 Million

Despite many within the space stating otherwise, it seems theres some level of demand for cannabis infused beverages. Ayr Wellness (CSE: AYR.a) became the latest multi space operator to take a step into the space this morning, announced it has entered into a binding letter of intent to acquire Cultivauna, whom owns the Levia brand of cannabis seltzers.

Currently available in the state of Massachusetts, Levia produces three varieties of cannabis infused seltzers as well as three water soluble tinctures. The brand is reportedly the top selling beverage product in the state after being on the market for just six months. If the acquisition closes, the brand is expected to be distributed across all markets in which Ayr operates.

The proposed acquisition will see Ayr acquire the firm for initial consideration of $20 million, with the potential price paid being as high as $60 million based on certain earnout out provisions based on undisclosed revenue targets for 2022 and 2023. Consideration is to consist of $10 million in cash and a further $10 million in stock, with any earn-outs to be paid in shares of the company as well.

The proposed acquisition is expected to close by the end of 2021.

Ayr Wellness last traded at $35.17 on the CSE.


Information for this briefing was found via Sedar and Ayr Wellness. 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.

Video Articles

Why $10K Gold No Longer Sounds Crazy | Dan Wilton – First Mining Gold

The Pure Silver Set Up! | Joaquin Marias – Argenta Silver Corp

Why $30,000 Gold Isn’t Crazy! | Simon Marcotte – Northern Superior

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Liberty Health Shareholders Approve Acquisition By Ayr Wellness

Liberty Health Sciences (CSE: LHS) has seen shareholders granted approval for the previously announced acquisition...

Tuesday, February 23, 2021, 03:21:36 PM

Ayr Wellness Enters State of New Jersey With $101 Million Acquisition

Ayr Wellness (CSE: AYR.a) has stepped into the New Jersey market. The firm this morning...

Thursday, September 16, 2021, 08:16:15 AM

Canaccord Names Trulieve, Ayr Wellness Among 2022 Top Picks

On December 14th, Canaccord Genuity released their top picks going into 2022, with names like...

Thursday, December 16, 2021, 03:35:00 PM

Ayr Wellness Reports Q3 Revenues Of $96.2 Million, Net Loss

Ayr Wellness (CSE: AYR.a) is the latest cannabis operator to announce its third quarter financial...

Monday, November 22, 2021, 08:19:57 AM

Ayr Wellness: Cantor Halves Price Target On Weak Q1 Results

On May 26, Ayr Wellness (CSE: AYR.A) reported its first quarter financial results. The company...

Saturday, May 28, 2022, 05:08:00 PM