Ayr Strategies To Purchase Liberty Health Sciences For $290M, Debuts In New Jersey With Garden State Dispensary Deal
Ayr's New Jersey Acquisition: The Toronto-based company confirmed it's purchasing the membership interests in the New Jersey-based operator Garden State Dispensary NJ LLC for an upfront payment of $101 million.
Pursuant to the deal, Ayr will obtain three open dispensaries, as well as cultivation and production facilities spanning 30,000 square feet, with an additional 75,000 square feet under construction.
The purchase is comprised of $41 million in cash, $30 million in stock, and $30 million in the form of a promissory note, the company said.