Ayr Wellness Inc. (TSE:AYR.A) has released an update.
AYR Wellness Inc., a prominent U.S. multi-state cannabis operator, has increased its mortgage for its Gainesville cultivation facility by $8.4 million, bringing the total to $48.4 million. The additional capital, secured at competitive rates, is earmarked for further investment in the Florida facility and general corporate needs, with no changes made to the mortgage’s terms. The company’s CFO highlights the strategic move as a means to bolster their financial foundation, citing Florida’s market potential as a significant growth opportunity.
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