Ayr Wellness announced the termination of the Company’s previously announced proposed acquisition of the equity interests of Gentle Ventures, LLC d/b/a Dispensary 33, and certain of its affiliates that collectively own and operate two licensed retail dispensaries in Chicago, Illinois. Following the mutual termination, Ayr will no longer be required to pay the previously announced purchase consideration of $55M upfront, including $12M of cash, $3M of sellers notes and $40M of stock.
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