AYR Closes Upsized C$ 158 Million Equity Offering

Ayr Methods Reveals Closing of Offering of Equity Shares

TORONTO, Jan. 14, 2021 (WORLD NEWSWIRE)– Ayr Methods Inc. (CSE: AYR.A, OTCQX: AYRWF) (” Ayr” or the “Business”), a leading vertically incorporated cannabis multi-state operator, revealed today the closing of its formerly revealed over night marketed offering (the “Offering”) of an aggregate of 4,600,000 secondary ballot shares, limited ballot shares or restricted ballot shares (the “Offered Securities”) at a cost of C$ 34.25 per share for overall gross profits of around C$ 157,550,000, that included the workout completely of the over-allotment choice approved to the underwriters, prior to subtracting the underwriters’ costs and approximated offering expenditures.

Canaccord Genuity Corp. functioned as the lead underwriter for the Offering, on behalf of a distribute of underwriters consisting of Beacon Securities Limited, Tier Wealth Partners, Roth Canada, ULC and PI Financial Corp.

The Offered Securities were used in each of the Provinces of Canada, besides Québec, pursuant to a prospectus supplement to the Business’s base rack prospectus dated December 17, 2020 (the “Prospectus”) and in the United States on a personal positioning basis to “certified institutional purchasers” pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as changed (the “U.S. Securities Act”).

The Business plans to utilize the net profits of the Offering for working capital and basic business functions.

Copies of the Prospectus might be acquired on SEDAR at www.sedar.com and from Canaccord Genuity Corp., 161 Bay Street, Suite 3000, Toronto, ON M5J 2S1. The Prospectus consists of crucial in-depth info about the Business and the Offering. Potential financiers need to check out the Prospectus and the other files the Business has actually submitted on SEDAR at www.sedar.com prior to making a financial investment choice.

No securities regulative authority has actually either authorized or the contents of this press release. None of the secondary ballot shares, limited ballot shares or restricted ballot shares have actually not been and will not be signed up under the U.S. Securities Act or any state securities laws. Appropriately, the Offered Securities might not be used or offered within the United States unless signed up under the U.S. Securities Act and appropriate state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and appropriate state securities laws. This press release does not make up a deal to offer or a solicitation of a deal to purchase any securities of the Business in any jurisdiction in which such deal, solicitation or sale would be illegal.

About Ayr Methods Inc.

Ayr is a broadening vertically incorporated, U.S. multi-state cannabis operator, concentrating on high-growth markets. The Business cultivates and produces top quality cannabis items for circulation through its network of retail outlets and through third-party shops. Ayr aims to enhance customers’ experience every day assisting them to live their finest lives, raised.

Ayr’s management group brings tested knowledge in growing effective companies through disciplined functional and monetary management, and is dedicated to driving favorable effect for consumers, workers and the neighborhoods they touch. For more details, please go to www.ayrstrategies.com.

Business Contact:

Megan Kulick, Head of Financier Relations
T: (646) 977-7914
Email: [email protected]

Financier Relations Contact:

Sean Mansouri, CFA or Cody Slach
Entrance Financier Relations
T: (949) 574-3860
Email: [email protected]

Initial news release

For fact-based info on Ayr Methods, see the business’s sponsored Financier Control Panel.

Get ahead of the crowd by registering for 420 Financier, the biggest & & most extensive premium membership service for cannabis traders and financiers because 2013.

Released by NCV Newswire
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