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August 16 , 2021 ayr Ayr Wellness Reports Second Quarter 2021 Results • Q2 Revenue up 222 % Y / Y to $ 91.3 Million , up 56 % sequentially • Q2 Adjusted EBITDA of $ 27.4 million on a US GAAP basis , up 225 % Y / Y and 49 % sequentially • US GAAP Operating Loss of $ 24.9 Million Included Non - Cash , One - Time Expenses , and Non - Operating Adjustments totaling $ 52.3 Million • Increasing 2022 Revenue Target to $ 800 Million , with $ 300 Million of AEBITDA Reflecting Substantial Investments in Growth • Company Provides 3Q21 Guidance for a targeted $ 100 Million in Revenue , up Over 211 % Y / Y and 10 % Q / Q , with Adjusted EBITDA Flat Sequentially Over Q2 • Announced Three Proposed Acquisitions , Including Levia , the Leading Branded Cannabis Beverage Company , Adding Illinois as Eighth State and Significantly Expanding Cultivation Capacity in Nevada NEW YORK , Aug. 16 , 2021 ( GLOBE NEWSWIRE ) Ayr Wellness Inc. ( CSE : AYR.A , OTCQX : AYRWF ) ( “ Ayr ” or the " Company " ) , a vertically - integrated cannabis multi - state operator ( MSO ) , is reporting financial results for the three and six months ended June 30 , 2021. Unless otherwise noted , all results are presented in U.S. dollars . As of first quarter 2021 , the Company is reporting in US GAAP . Jonathan Sandelman , CEO of Ayr Wellness , said , “ In the last 12 months we've laid out an ambitious plan for growth - growing our footprint and building our brands on the foundation of being the largest scale producer of high - quality flower in the country . Because everything starts with the plant . " " I am incredibly pleased to see those plans becoming reality , with Q2's exceptional 222 % year - over - year growth in revenue and 56 % growth over last quarter . We are seizing a massive opportunity to position ourselves to be the best cannabis CPG company in the US . Today our brands are in over 280 stores , up 3 times year - over - year , and they aren't slowing down . We're seeing increased demand for our products and accelerating growth in our wholesale business . We plan to continue to invest in the growth of Ayr brands nationally - Kynd premium flower , Origyn Extracts , and our most recently announced acquisition of Levia and the strategic marketing and operational talent behind them , " Mr. Sandelman