Ayr Wellness' Partner, Land of Lincoln, Wins Dispensary License in… – New Cannabis Ventures
NEW YORK, Aug. 09, 2021 (GLOBE NEWSWIRE) — Ayr Wellness Inc. (CSE: AYR.A, OTC: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated cannabis multi-state operator (“MSO”), has announced that Land of Lincoln Dispensary, LLC (“Land of Lincoln”), was awarded a conditional retail dispensary license in Illinois via the state’s lottery process. Ayr is an operational and 49% equity partner in Land of Lincoln.
The dispensary location is designated for Bloomington, Illinois, part of the Bloomington-Normal metropolitan area in Central Illinois. The combined metropolitan area has a population of ~190,000 people but only two existing dispensary locations to serve the market.
Illinois presents an incredible opportunity for Ayr, and we are incredibly grateful to work with Land of Lincoln to make this happen. We could not think of a better partner as we look to bring the Wellness and Wonder of Ayr to Bloomington.
Jonathan Sandelman, CEO of Ayr Wellness
Ayr recently announced the acquisition of Herbal Remedies Dispensaries, LLC, which owns two licensed retail dispensaries in Quincy, Illinois. This proposed acquisition represented Ayr’s first move into Illinois, the eighth state in the Company’s rapidly expanding