Ayr Wellness Inc
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Health Care : Pharmaceuticals | Small Cap Value
Company profile

Ayr Wellness Inc. is a vertically integrated, United States (U.S) multi-state cannabis operator. The Company cultivates and manufactures branded cannabis products for distribution through its network of retail outlets and through third party stores. Its products include marijuana flower, concentrates, cartridges, vapes, seltzers, tinctures, topicals and edibles. Its flower product is a smokable part of the cannabis plant. Its concentrates are cannabis products that have been processed to remove extraneous components, leaving only the active compounds, primarily cannabinoids and terpenes. The vapes are devices that is pre-filled with extracted cannabis oils. Its tinctures are an alcohol or glycerol-based liquid cannabis extracts. Its topicals is a cannabis-infused skin product, such as lotions, creams and balms. Its brands include Kynd, Origyn, Stix Preroll Co. and Levia. Through Herbal Remedies Dispensaries, LLC, it operates two licensed retail dispensaries in Quincy, Illinois.

Price
Delayed
$1.30
Day's Change
0.06 (4.84%)
Bid
--
Ask
--
B/A Size
--
Day's High
1.31
Day's Low
1.22
Volume
(Heavy Day)

Today's volume of 150,749 shares is on pace to be much greater than AYRWF's 10-day average volume of 142,015 shares.

150,749

Lyft stock bounces off record low after analyst recommends buying, given 'overly negative' sentiment

8:51 am ET October 12, 2022 (MarketWatch)
Print

Shares of Lyft Inc. (LYFT) jumped 3.5% in premarket trading Wednesday, off the previous session's record low close, after Gordon Haskett analyst Robert Mollins recommended investor buy, citing "overly negative" sentiment and a number of potential positive catalysts. The stock had tumbled 12.0% on Tuesday, and rival ride-share company Uber Technologies Inc.'s stock (UBER) dropped 10.4%, after the U.S. Labor Department said it would revisit rules that designate whether workers are classified as employees or independent contractors. On Wednesday, Gordon Haskett's Mollins raised his rating to buy from hold. While he still sees Lyft as "disadvantaged" relative to Uber, Lyft's "material" stock underperformance, relative valuation discount and overly negative investor sentiment has brought the stock to the point where "we think any news (barring something terrible) would be welcomed." In addition, Mollins said improving driver supply and conversion rates, continued shared-ride adoption, upfront-pay capability and the return of employees to offices could boost the stock. Lyft shares have plunged 73.6% year to date through Tuesday, while Uber's stock had tumbled 41.2% and the S&P 500 has dropped 24.7%.

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(END) Dow Jones Newswires

October 12, 2022 08:51 ET (12:51 GMT)

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