Ayr Wellness has signed a letter of intent to sell its four marijuana stores in Illinois because the company doesn’t have the scale to compete over the long term.
“We’re taking a hard look at other markets to make sure we are prioritizing those core markets that will deliver for our business,” Ayr President George DeNardo said Thursday during the company’s fourth-quarter and full-year 2024 earnings call.
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Asked by MJBizDaily for more details on the pending sale, a company spokesperson said, “None of that information is public at this time.”
Ayr’s decision to sell its four Illinois stores was first reported by Green Market Report.
The MSO will continue to consolidate its facilities in its core markets, said DeNardo, who in January was promoted from
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