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Synopsis
Ayr Wellness, a vertically-integrated cannabis multi-state operator, completed the acquisition of Garden State Dispensary, a cannabis store, for $101m. “We see an incredible opportunity to drive growth at retail with the introduction of our quality cannabis brands, expanded product offerings and exceptional in-store experience. Additionally, we see an excellent opportunity for wholesale growth given our planned cultivation expansion and past success at driving wholesale penetration in supply-constrained markets,” Jonathan Sandelman, Ayr Chairman and Chief Executive Officer.
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