Ayr Wellness Receives Approval to Begin Operations in 86,000 sq. ft. Arizona Cultivation and Production Facility

Ayr Wellness, Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a vertically integrated U.S. multi-state cannabis operator (MSO) focused on becoming the most trusted producer of high-quality cannabis at scale, today announced that it has received a Temporary Certificate of Occupancy (“TCO”) to begin operations in its Phoenix, Arizona cultivation facility.

Jonathan Sandelman, Founder, Chairman and CEO of Ayr Wellness, said, “Ayr continues to execute on its plan for growth, with this Phoenix cultivation facility being the latest project to come online. Our talented cultivation team has already received great reviews for the Kynd premium flower being grown in our Chandler, Arizona facility, and we look forward to scaling production with this larger space. The flower produced will supply our three Oasis dispensaries, as well as our growing wholesale business in the state.”

The first crop was planted over the weekend, with its first harvest projected for mid-March 2022.

The Company anticipates receiving local and regulatory approvals for additional sections of the cultivation facility in the coming weeks.

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