TORONTO, november. 18, 2020 (GLOBE NEWSWIRE) – Ayr Strategies Inc. (CSE: AYR. A, OTCQX: AYRSF or “Ayr” or “The Company”), a leading and vertically integrated multi-country cannabis company, announced today that its local partner Sira Naturals (“Sira”) has received three approvals from the host community to expand its current medical services. Footprint, as well as commencing final preparations for adult use sales in Boston, Somerville and Watertown, Massachusetts. The approvals of host community agreements (“HCAs”) represent an important first step towards the company’s entry into the adult use market in the Greater Boston area, which has a population of 4. 9 million.
We are excited to receive these major approvals to enter the adult retail market in Massachusetts, especially in the underserved Greater Boston area where we have prime store locations.. We believe these sites will be the best imprint of adult-use dispensaries in Massachusetts, and we’ve been very selective in researching these sites since regulation is restricted to a maximum of three adult clinics in the state..
The Massachusetts adult employment market has grown to an estimated US $ 900 million at an annual annual operating rate. But given that the Greater Boston area, where more than 60% of the state’s population lives, has three adult-only infirmaries currently open, we think there is material demand that has not been met..
“With current medical sales in our Somerville and Needham stores, the addition of medical and adult stores in a joint location in Somerville and Watertown, and approval of the historic Boylston Street adult-only store in the heart of Boston Back Bay, we hope to fulfill the order of Greater Boston Which has not been met on high-quality, tested and safe cannabis, ”Sandelman added.
“Our business is already ranked # 1 in Massachusetts according to BDS Analytics due to the exceptional quality of our products and the strength of our wholesale distribution channel. Now, when our new locations open, adult consumers in the Boston area will be able to access these products directly through our retail channel.. Our team has worked hard with the regulators and the Somerville, Watertown and Boston communities to get to this point, and we intend to continue these collaborations to strive to ensure a safe and timely transition to the adult use market in 2021, ». Sandelman concluded.
On November 16, 2020, Sera fully implemented HCA with the Boston City Council for hemp to operate an adult infirmary at 829 Boylston Street in Boston. The 4,500-square-foot store is adjacent to the Apple Store and across from the Prudential Center in the heart of Boston’s Back Bay, a popular residential community as well as the premier destination for shopping and dining in New England, and home to numerous financial and tourism activities.. . The Sierra Boylston Street location is well located for pedestrian traffic and easy access to public transport.
On October 9, 2020, the Somerville Marijuana City Advisory Committee recommended that Sira HCA be given to subscribe to a dedicated adult infirmary site with the current Sira Dispensary for medical use in Davis Square, a popular neighborhood in Somerville, one of New England’s most populous neighborhoods. Somerville reaches approximately 900,000 residents. Sera has only been operating as a dispensary since September 2017 and expects only minor changes to 5,000 square feet, planning 9 POS before sales of adult use..
Following the unanimous approval of the City Council, on October 20, 2020, Sera implemented HCA with the Town of Watertown agreeing to the company to operate medical sales and adult uses on the same site.. Watertown, which borders Boston, Cambridge, Waltham, Brooklyn and Newton in Greater Boston, serves a nearby population of 680,000.. . Watertown Walk is centrally located in the heart of the thriving Downtown Watertown at 48 North Beacon Street, directly off the main arteries of Downtown Boston, along Soldiers Field (Route 20) and Massachusetts Turnpike (Route 90). When renovations on the facility are completed, the 3,740-foot store is expected to provide 10 points of sale and ample parking in 23 locations..
The company intends to continue working closely with the Massachusetts Cannabis Control Committee to obtain final approval to start operations in Boston Watertown and for adult use in Somerville.. Iyer also intends to continue investing in employment initiatives, developing a diverse local workforce, and making direct and meaningful investments in the communities in which we operate, while continuing to support pioneers of economic empowerment.. .
¹ Based on August 2020 monthly sales of adult use reported by the Massachusetts Cannabis Control Commission
² Somerville is currently open for medical purposes only
³ Population in a 5-mile radius per SEDAC Population Estimation Service
Ayr Strategies (“Ayr”) is a clause for U. s. Multi-nation cannabis operator, with a focus on high-growth markets. With installations in Massachusetts and Nevada, the company grows and manufactures branded hemp products for distribution through its network of retail outlets and through third-party stores.. Ayr strives to enrich consumers’ experience every day – and help them live at their best, at the height.
Ayr’s leadership team brings demonstrated experience in growing successful businesses through disciplined operational and financial management, and is committed to making a positive impact to clients, employees and the communities they interact with.. For more information, please visit www. Strategies. Com.
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