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Ayr Wellness ( ($TSE:AYR.A) ) has shared an update.
AYR Wellness Inc. announced a delay in filing its Q1 2025 financial statements and management discussion due to ongoing strategic review processes and negotiations with creditors. The Ontario Securities Commission will issue a cease-trade order, halting trading of AYR’s securities in Canada until the filings are completed, which is expected by June 13, 2025. Despite this, AYR does not anticipate any impact on its regular operations.
The most recent analyst rating on ($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 is facing significant financial challenges, including declining profitability and negative cash flows. Technical indicators show mixed signals with short-term momentum but long-term bearish trends. The valuation is unattractive given the negative earnings. Despite strategic efforts to streamline operations and expand markets, persistent issues like price compression continue to impact performance.
To see Spark’s full report on TSE:AYR.A stock, click here.
More about Ayr Wellness
AYR Wellness Inc. is a vertically integrated, U.S. multi-state cannabis business, operating over 90 licensed dispensaries and offering a range of cannabis consumer packaged goods (CPG) brands. The company is dedicated to providing high-quality cannabis products to its customers and patients while maintaining a positive impact on its team members and the communities it serves.
Average Trading Volume: 128,596
Technical Sentiment Signal: Sell
Current Market Cap: C$35.03M
For a thorough assessment of AYR.A stock, go to TipRanks’ Stock Analysis page.