Vertically-integrated cannabis operator Ayr Wellness Inc. AYR AYRWF confirmed Friday the launch of its Origyn Extracts premium concentrates line in Arizona. Origyn will be the first of Ayr’s national brand portfolio to launch in the Grand Canyon State.
Sales of Origyn in Arizona began Friday, available exclusively in Ayr’s three Oasis Cannabis stores. Wholesale operations are expected to begin roughly one month from now. The initial products to be made available will include six SKUs, all strain-specific High Terpene Extracts (“HTE”) cartridges, including Garlotti HTE, LA Star Killer HTE, Cookie Glue HTE, Chery Tang HTE, California Orange HTE and Jungle Juice HTE.
Origyn Extracts was originally launched in Massachusetts in October 2020 and is now the leading concentrate brand in that state, with ~22% market share in concentrates, according to BDSA. The Company launched Origyn Extracts in Florida in May 2021. Ayr plans to roll out Origyn across its full operational footprint, including Nevada and Pennsylvania later this year.
“We are investing significant talent and resources to build out our national brand portfolio, which consists of Origyn, Kynd premium flower, and the recently announced acquisition of Levia,” Jonathan Sandelman, CEO of Ayr, stated. “The expansion of Origyn into Arizona is an important step in that process. Arizona has a dynamic market and high demand for quality concentrates and extracts, and we are incredibly excited to introduce the state’s consumers to our Origyn Extracts, which truly celebrate the plant and all that it has to offer.”
More recent news from Ayr Wellness:
Ayr Wellness' Stock Slightly Up On Announcing 5% Share Buyback
Ayr Wellness Revenue Grows 222% YoY To $91.3M, Cannabis Operator Raises Full 2021 Guidance To $800M
Ayr Wellness To Acquire Cannabis Beverage Producer Levia In A $20M Stock And Cash Deal
XS Financial Upsizes Lease Facility With Ayr Wellness Up To $21.4M
Ayr Wellness Enters Illinois' Booming Market Via $30M Purchase Of Two Licensed Cannabis Dispensaries
Price Action
Ayr Wellness’ shares were trading 2.20% lower at $24.40 per share at the time of writing Friday late morning.
Photo: Courtesy of Tim Foster on Unsplash
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