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Ayr Strategies Prices C$137 Million Equity Offering at C$34.25

Ayr Strategies Announces Pricing of Offering of Equity Shares TORONTO, Jan. 12, 2021 /CNW/ – Ayr Strategies Inc. (CSE: AYR.A) (OTCQX: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated cannabis multi-state operator, announced today the pricing of its previously announced overnight marketed offering (the “Offering”) of an aggregate of 4,000,000 subordinate voting shares, restricted […]

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Ayr Strategies Announces Pricing of Offering of Equity Shares

TORONTO, Jan. 12, 2021 /CNW/ – Ayr Strategies Inc. (CSE: AYR.A) (OTCQX: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated cannabis multi-state operator, announced today the pricing of its previously announced overnight marketed offering (the “Offering”) of an aggregate of 4,000,000 subordinate voting shares, restricted voting shares or limited voting shares (the “Offered Securities”) at a price of C$34.25 per share for total gross proceeds of approximately C$137,000,000.

The Offered Securities will be offered in each of the Provinces of Canada, other than Québec, pursuant to a prospectus supplement to the Company’s base shelf prospectus dated December 17, 2020 (the “Prospectus”) and in the United States on a private placement basis to “qualified institutional buyers” pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”).

The Offering is expected to close on or about January 14, 2021 and will be subject to customary conditions, including requirements of the Canadian Securities Exchange.

In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 15% of the Offered Securities pursuant to the proposed Offering on the same terms and conditions.

The Company intends to use the net proceeds of the Offering for working capital and general corporate purposes.

Canaccord Genuity Corp. is acting as the lead underwriter for the Offering.

Copies of the Prospectus, following filing thereof, may be obtained on SEDAR at www.sedar.com and from Canaccord Genuity Corp., 161 Bay Street, Suite 3000, Toronto, ON M5J 2S1. The Prospectus contains important detailed information about the Company and the proposed Offering. Prospective investors should read the Prospectus and the other documents the Company has filed on SEDAR at www.sedar.com before making an investment decision.

No securities regulatory authority has either approved or disapproved of the contents of this news release. None of the subordinate voting shares, restricted voting shares or limited voting shares have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the Offered Securities may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Ayr Strategies Inc.

Ayr is an expanding vertically integrated, U.S. multi-state cannabis operator, focusing on high-growth markets. The Company cultivates and manufactures branded cannabis products for distribution through its network of retail outlets and through third-party stores. Ayr strives to enrich consumers’ experience every day helping them to live their best lives, elevated.

Ayr’s leadership team brings proven expertise in growing successful businesses through disciplined operational and financial management, and is committed to driving positive impact for customers, employees and the communities they touch. For more information, please visit www.ayrstrategies.com.

Original press release

For fact-based information on Ayr Strategies, view the company’s sponsored Investor Dashboard.

Get ahead of the crowd by signing up for 420 Investor, the largest & most comprehensive premium subscription service for cannabis traders and investors since 2013.

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.


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Source: https://www.newcannabisventures.com/ayr-strategies-prices-c137-million-equity-offering-at-c34-25/

Heartland

Topical CBD feels amazing

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I’ve gotten some coconut oil from LN that I’ve been using topically. Really amazed with how well it works. Only way I can describe it is – it’s as if my skin is “on CBD”. It just feels like a soft warm glow that seems to radiate everywhere.

I’m not sure if it’s just me.. but I seem to feel it in more areas of my body than just the area of application- has anyone felt the same?

Like if I put it on my face, head (I’m bald), and lower back I seem to feel it’s affects radiate through my whole body. Especially the whole upper body area.

I’m actually using CBD way more topically than internally

Source: https://www.reddit.com/r/CBD/comments/l2hun0/topical_cbd_feels_amazing/

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Heartland

What’s the best/strongest CBD vape?

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I’m needing a strong CBD vape. The vapes I have now don’t really do much for me even if I take multiple hits. I’m looking to ease my anxiety when I start to dwell or worry over something, and also for night time use. The vapes I use are well known brands who others love. I won’t name those brands because I don’t want to make them look bad, cause it’s not them it’s me (LOL). Flower isn’t an option because of the smell unfortunately. So what’s everyone’s recommendations?

Source: https://www.reddit.com/r/CBD/comments/l2h3d4/whats_the_beststrongest_cbd_vape/

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General oil question

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When taking oils orally, le general rule of thumb is to leave it under your tongue for 30 sec minimum.
My question is, will i get a better mellow if i let le oil marinate longer than 30sec?
And if so is there a certain amount of time that passes le point of no return?

Source: https://www.reddit.com/r/CBD/comments/l2h0ja/general_oil_question/

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