Ayr Wellness Inc. (AYRWF) Q4 2024 Earnings Call Transcript

Ayr Wellness Inc. (OTCQX:AYRWF) Q4 2024 Results Conference Call March 6, 2025 8:30 AM ET

Company Participants

Steven Cohen – Interim CEO
George DeNardo – President
Brad Asher – CFO

Conference Call Participants

Matt Bottomley – Canaccord Genuity
Frederico Gomes – ATB Capital Markets

Operator

Good morning, everyone, and welcome to the Ayr Wellness Fourth Quarter and Full-year 2024 Earnings Call. Joining us today are Ayr’s Interim CEO, Steve Cohen the company’s President, George DeNardo; and CFO, Brad Asher.

Before we begin, we would like to remind that management during this presentation may contain forward-looking statements based on management’s expectations. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by you as a guarantee, assurance, prediction, or definitive statement of fact or probability. Many of these risks and uncertainties are discussed in our most recent public filings, including our most recently filed Annual Information Form and Management’s Discussion and Analysis. Numerous risks and uncertainties could cause the actual events and results to differ materially from the estimates, beliefs, and assumptions expressed or implied in these forward-looking statements and might not be expressed today.

Numerous factors that will determine Ayr’s future results are beyond the ability of Ayr’s control or predict. In light of the uncertainties inherent in any forward-looking statements, you are cautioned against relying on these statements. While Ayr may elect to update forward-looking statements at some point in the future, Ayr specifically disclaims any obligation to do so, except as required by law.

During this presentation, we may reference non-GAAP financial measures such as adjusted EBITDA, and adjusted gross profit. For a reconciliation of our non-GAAP measures to GAAP results, please see our earnings release posted in the Investor Relations section of our website earlier this morning.

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