Ayr Wellness Adds to Pennsylvania Footprint, Opens New Dispensary in Montgomeryville
MIAMI, Florida, November 12, 2021 — PRESS RELEASE — Ayr Wellness Inc. (Ayr), a vertically integrated cannabis multistate operator (MSO), announced the opening of Ayr Wellness Montgomeryville, the company’s seventh affiliated dispensary operating in the commonwealth of Pennsylvania.
« We continue to appreciate the warm reception that we’ve received from Pennsylvania’s patient community, a particularly discerning group with a keen understanding of quality, » said Jonathan Sandelman, Ayr founder, chairman and CEO. « We consistently strive to deliver the best quality product at an accessible price. And now, with a seven-store footprint and robust wholesale operation, we look forward to introducing more Pennsylvania patients to the Ayr way. »
The Montgomeryville dispensary is located at the « Five Points » junction, a popular shopping area in Montgomeryville, Pa. The 8,400-square-foot store continues the rapid expansion of the Ayr organization’s presence in Pennsylvania’s burgeoning medical cannabis market.
Montgomeryville is a northern suburb of Philadelphia, located in Montgomery County, the third most populous county in Pennsylvania, with over 850,000 residents according to the 2020 Census.
The new location features a curated selection of high-quality medical cannabis products, including Ayr-owned brands, Origyn Extracts, Seven Hills flower and Revel flower, and products sourced from third-party brands throughout the state. The store has 12 point of sale (POS) stations and 46 parking spaces.
Pennsylvania has a robust and growing medical cannabis market with over 633,000 patients, 132 licensed dispensaries and 29 operational licensed cultivators and processors. Annual industry-wide statewide cannabis sales in Pennsylvania are expected to surpass $1 billion by 2024, according to BDSA.
The Ayr organization has nine dispensary licenses in the commonwealth (seven currently open), complementing the company’s close to 200,000-square-foot of cultivation and production space, pending completion of expansion plans.