Like most cannabis stocks in the industry, Ayr Wellness saw its share price tumble after Amendment 3 failed in Florida on Election Night, dropping over 60%. The company was hoping that adult-use marijuana would have passed in Florida, especially considering their investment in a 145,000-square-foot state-of-the-art cultivation facility in Ocala, Florida, announced back in June 2024.

With adult-use cannabis failing in Florida and being pushed to 2026, many Florida cannabis operators are under pressure, including Ayr Wellness dealing with nearly $400 million in debt. The company did restructure its debt, extending the maturity of its senior secured notes from December 2024 to December 2026.

We'll learn the company's expectations moving forward.

Additionally, the American Trade Association of Cannabis and Hemp President, Michael Bronstein, will join us to kick off a new weekly segment discussing cannabis reform. We'll cover what to expect from the Trump administration regarding the rescheduling of cannabis, banking reform with SAFE Banking, and which states are next to pass adult-use cannabis laws.

#trumpadministration #cannabis #marijuana

#safebanking #cannabistocks #cannabisreform

#ayrwellness #hemp

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