AYR Wellness: Q3 2024 Earnings Call Preview

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), a leading vertically integrated U.S. multi-state cannabis operator (MSO), has announced that it will hold a conference call on Wednesday, November 13, 2024, at 8:30 a.m. ET to discuss its third-quarter 2024 financial results. The call will be hosted by Interim CEO Steven Cohen and CFO Brad Asher, followed by a question-and-answer period.

AYR Wellness has been expanding its footprint and strengthening its position in the cannabis industry. As of Q2 2024, the company operated 90+ licensed dispensaries and a house of cannabis CPG brands. Its revenue reached $117 million, with an adjusted gross margin of 52% and an AEBITDA margin of 22%. The company's wholesale revenue growth was 52% year-over-year, indicating strong market demand for its products.

One of the key drivers of AYR Wellness' growth has been its focus on high-quality cannabis products and remarkable customer experiences. The company's commitment to vertical integration, disciplined operational and financial management, and positive impact on customers, employees, and communities has contributed to its success.

Investors will be looking for updates on AYR Wellness' expansion into new markets, such as Virginia, and its potential impact on financial performance. The company's ability to maintain or improve its gross margin and AEBITDA margin will also be a focus during the call.

AYR Wellness' Q3 2024 earnings call is an opportunity for investors to gain insights into the company's financial health, growth strategies, and market position. As the cannabis industry continues to evolve, AYR Wellness' commitment to quality, customer experience, and positive impact sets it apart and positions it for long-term success.