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Ayr Wellness ( ($TSE:AYR.A) ) has issued an announcement.
AYR Wellness has announced a delay in filing its interim financial statements for Q1 2025 due to ongoing negotiations with creditors and the assessment of debt obligations. This delay has resulted in a failure-to-file cease-trade order from the Ontario Securities Commission, halting trading of AYR’s securities in Canada until the filings are completed and requirements are met.
The most recent analyst rating on ($TSE:AYR.A) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Ayr Wellness stock, see the TSE:AYR.A Stock Forecast page.
Spark’s Take on TSE:AYR.A Stock
According to Spark, TipRanks’ AI Analyst, TSE:AYR.A is a Neutral.
Ayr Wellness faces significant challenges, primarily due to its weak financial performance, as evidenced by declining profitability and increasing leverage. The technical analysis also signals bearish trends. Additionally, negative corporate events related to regulatory compliance further undermine investor confidence.
To see Spark’s full report on TSE:AYR.A stock, click here.
More about Ayr Wellness
AYR Wellness is a vertically integrated, U.S. multi-state cannabis business, operating over 90 licensed dispensaries and offering a range of cannabis consumer packaged goods brands. The company is dedicated to providing high-quality cannabis products and contributing positively to its employees and communities.
Average Trading Volume: 118,584
Technical Sentiment Signal: Sell
Current Market Cap: C$18.1M
For an in-depth examination of AYR.A stock, go to TipRanks’ Overview page.