AYR Wellness Partners with Black Star to Enter New York Market
AYR Wellness Enters New York Market with New License
MIAMI - AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), a prominent multi-state cannabis operator in the United States, has exciting news to share. In a collaborative effort with Black Star Wellness, AYR has been conditionally awarded a vertically integrated medical cannabis license in New York. This opportunity was announced during the recent meeting of the New York Cannabis Control Board.
Strategic Partnership with Black Star Wellness
At the heart of this initiative is Amethyst Health, LLC, where Black Star Wellness holds the majority stake. AYR plays a critical role as an operational partner, showcasing the strength of collaboration in navigating the evolving cannabis landscape.
Leadership Vision for the Future
Steven M. Cohen, the Interim CEO of AYR Wellness, expressed his enthusiasm regarding the development. "We are thrilled at the prospect of entering New York's growing cannabis market alongside our partners at Black Star Wellness. We look forward to collaborating with state regulators and finalizing necessary preparations to serve the community effectively," he stated.
Understanding the New License
This license awarded to Amethyst Health marks a significant milestone for both AYR and Black Star Wellness. It not only opens doors to one of the largest cannabis markets but also signifies a commitment to providing quality cannabis products to the patients and customers in New York.
Commitment to Quality and Community
AYR Wellness prides itself on delivering high-quality cannabis while fostering positive engagement with communities. With over 90 licensed dispensaries across various states, the company is strategically positioned to ensure that its products meet the high standards demanded by patients and consumers alike.
The Future of Cannabis in New York
As New York's cannabis market continues to expand, new opportunities arise for legalization, distribution, and retail. AYR’s entry into this environment exemplifies the rapid evolution of the industry, and their commitment to responsible practices is crucial. With growing public interest in cannabis, partnerships like that of AYR and Black Star Wellness set the stage for success.
About AYR Wellness
Founded on the principles of innovation and community engagement, AYR Wellness is focused on becoming a leader in the U.S. cannabis sector. The company operates as a retailer and houses a diverse array of cannabis brands, continually adapting to meet the needs of its market.
Contact Information
For inquiries related to AYR Wellness and their recent developments, the company can be reached through:
Robert Vanisko
VP, Public Engagement
T: (786) 885-0397
Email: comms@ayrwellness.com
Investor Relations Contact:
Sean Mansouri, CFA
Elevate IR
T: (786) 885-0397
Email: IR@AYRwellness.com
Frequently Asked Questions
What is the significance of the new license awarded to AYR Wellness?
The new license allows AYR Wellness to operate within New York's medical cannabis market, presenting growth opportunities and community service.
Who are the partners involved in Amethyst Health?
Amethyst Health is a joint venture where Black Star Wellness is the majority owner and AYR acts as an operational partner.
What kind of products does AYR Wellness provide?
AYR Wellness offers a wide range of high-quality cannabis products for both medical and recreational use across various licensed dispensaries.
How does AYR ensure quality in its cannabis products?
AYR is committed to quality assurance processes that meet rigorous standards, ensuring that all products delivered to patients and customers are of the highest caliber.
What are AYR Wellness's next steps following the award?
AYR Wellness will collaborate with state regulators to fulfill final requirements and prepare for launching services in New York.
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