Streetbeat News

AYRWF

Ayr Wellness Inc.

Industry

Medicinal and Botanical Manufacturing

Open

0.18

Mkt cap

18M

Volume

90K

High

0.18

P/E Ratio

-0.05

52-wk high

3.46

Low

0.15

Div yield

N/A

52-wk low

0.15

On August 18, 2023, several cannabis stocks experienced significant price movements. Notable gainers include Australis Capital (OTC:AUSAF), Target Group (OTC:CBDY), and 1606 (OTC:CBDW), with shares closing up 900.00%, 63.64%, and 44.68% respectively. On the other hand, Panacea Life Sciences (OTC:PLSH), MGC Pharmaceuticals (OTC:MGCLF), and 1933 Industries (OTC:TGIFF) were among the biggest losers, with shares closing down 24.00%, 23.33%, and 19.00% respectively.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 9:30 pm

Marijuana stocks experienced a bullish Thursday with several companies seeing significant gains. Top gainers included EVIO, Tetra Bio Pharma, GrowLife, MGC Pharmaceuticals, Heritage Cannabis Holding, Avicanna, iAnthus Capital Hldgs, TILT Holdings, InnoCan Pharma, Skye Bioscience, Willow Biosciences, OrganiGram Holdings, Village Farms Intl, WM Tech, BZAM, Leafbuyer Techs, Irwin Naturals, Canopy Gwth, CLS Holdings USA, GreenGro Technologies, Vext Science, Cronos Group, Acreage Holdings, Ispire Technology, 1933 Industries, Item 9 Labs, Delivra Health Brands, Ayr Wellness, MariMed, Akanda, and Zoned Props. However, several companies also experienced losses, including Target Group, Radient Technologies, Bright Green, Malachite Innovations, StateHouse Hldgs, Khiron Life Sciences, Cansortium, CBD Unlimited, C21 Investments, Goodness Growth Holdings, Maple Leaf Green World, Rubicon Organics, Agrify, EnWave, Acreage Holdings, Psychemedics, CNBX Pharmaceuticals, Ascend Wellness Holdings, Elixinol Wellness, Charlottes Web Holdings, Incannex Healthcare, SciSparc, SOL Glb Inv, 22nd Century Group, BioHarvest Sciences, TerrAscend, Verano Holdings, SHF Hldgs, and Livewire Ergogenics.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 9:30 pm

AYR Wellness Inc. reported Q2 2023 financial results, showing a 0.8% sequential decrease and 18% YoY increase in revenue to $116.7 million. The company also reported a gross profit of $56.6 million, an operating loss of $4.5 million, and a net loss of $30.6 million. The company plans to accelerate cash generation via its 2023 optimization plan and grow its footprint in Florida, New Jersey, Ohio, Illinois, and Connecticut.

Portfolio Pulse from Jelena Martinovic

August 17, 2023 | 1:07 pm

Marijuana stocks showed significant movement on August 15, 2023. Notable gainers included Red White & Bloom Brands, GrowLife, and CBD Of Denver, with shares closing up 4900.00%, 42.00%, and 16.67% respectively. On the other hand, Hemp, Stem Holdings, and RIV Capital were among the biggest losers, with shares closing down 33.33%, 20.00%, and 18.12% respectively.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 9:30 pm

The article lists the cannabis stocks that gained and lost on August 11, 2023. Notable gainers include Australis Capital (OTC:AUSAF), StateHouse Hldgs (OTC:STHZF), and Hemp (OTC:HEMP). Significant losers include Chalice Brands (OTC:CHALF), Radient Technologies (OTC:RDDTF), and Maple Leaf Green World (OTC:MGWFF).

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 9:30 pm

The article lists the marijuana stocks that gained and lost on August 8, 2023. Notable gainers include Rocky Mountain High (OTC:RMHB), Earth Science Tech (OTC:ETST), and Tilray Brands (NASDAQ:TLRY). Major losers include Choom Holdings (OTC:CHOOF), CLS Holdings USA (OTC:CLSH), and Maple Leaf Green World (OTC:MGWFF).

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 9:30 pm

Viridian Capital Advisors has released a chart showing credit quality and trading yield for nineteen public U.S. cannabis companies with market caps over $25M. The chart suggests that investors should consider the senior secured cannabis debt market, with stronger credits like Trulieve (OTC:TRUL), Verano (OTC:VRNOF), and Curaleaf (OTC:CURLF) trading between 15% and 16.5%, while weaker credits like AYR (OTC:AYRWF), Columbia Care (OTC:CCHWF), and Jushi (OTC:JUSHF) trade from 20% to 30%. The chart also highlights potential pricing inefficiencies and opportunities for higher risk-adjusted returns in smaller names.

Portfolio Pulse from Viridian Capital Advisors

August 07, 2023 | 4:35 pm

The article lists the cannabis stocks that gained and lost on August 4, 2023. The biggest gainers were EVIO, MJ Holdings, Khiron Life Sciences, Tetra Bio Pharma, and Maple Leaf Green World. The biggest losers were Hemp, 1606, Indiva, Panacea Life Sciences, and Earth Science Tech.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:30 pm

Trulieve Cannabis Corp. and AYR Wellness, Inc. are expanding their retail footprint in Florida, with Trulieve opening a new store and relocating a medical dispensary, and AYR opening three new retail locations. Symple Seeds opened a new fulfillment center in South Florida. In New Jersey, Goldfinch Dispensary and Discofries cannabis cultivation are preparing to open, and Justice Cannabis Co. has launched medical cannabis sales. High Tide Inc. launched recreational marijuana sales at a new store in Ontario, Canada. Green Thumb Industries Inc. launched cannabis sales at a new store in Las Vegas. Quality Roots opened a new cannabis dispensary in Michigan, and a new medical cannabis dispensary opened in South Dakota.

Portfolio Pulse from Jelena Martinovic

August 04, 2023 | 1:25 pm

A recent equity report by Zuanic & Associates reveals the tax payments and liabilities of 16 Multi-State Operators (MSOs) in the cannabis industry during CY22. The MSOs collectively paid $761 million in income taxes, with Curaleaf (OTC:CURLF) and Trulieve (OTC:TCNNF) being the top contributors. The report also highlights the varying income tax to gross profit ratios among the MSOs, suggesting that some companies might be using tax debts as a low-cost funding source.

Portfolio Pulse from Nicolás Jose Rodriguez

August 04, 2023 | 9:10 am

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