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The latest update is out from Ayr Wellness ( ($TSE:AYR.A) ).
AYR Wellness Inc. has entered into a Limited Waiver Agreement with the majority of its senior secured noteholders, providing a temporary waiver for certain defaults related to delayed financial filings and payment obligations. This agreement grants AYR additional time to negotiate with senior lenders and explore strategic alternatives to address its capital structure, while maintaining its business operations and commitment to delivering quality cannabis products.
The most recent analyst rating on ($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 financial and operational challenges, reflected in its low financial performance score. Weak technical indicators and valuation concerns further weigh on the stock. While strategic initiatives are underway, the delay in financial filings and regulatory issues highlight ongoing uncertainties, resulting in a below-average overall stock score.
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 (CPG) brands. The company is dedicated to providing high-quality cannabis products to its customers and patients while maintaining a commitment to positive community and employee engagement.
Average Trading Volume: 127,791
Technical Sentiment Signal: Sell
Current Market Cap: C$18.1M
For a thorough assessment of AYR.A stock, go to TipRanks’ Stock Analysis page.