On Thursday,Ayr Wellness Inc.(CSE:AYR) (OTCQX:AYRWF) reported its financial results for the third quarter that ended September 30, 2022, withrevenue of $119.6 million, up by 24.4% from $96.2 million in the same period of 2021.

Jonathan Sandelman, founder and CEO ofAyr, said the company "executed on its growth and profitability objectives during the third quarter, with our financial results largely in line with expectations."

The Analyst

However, due to reduced estimates, Cantor Fitzgerald's Pablo Zuanic affirmed they stay Neutral, although reducing their 12-month price target to $4.25 from $4.65.

The Thesis

AYR reported sales of $119.5mn showing a 9% seq growth, and adj EBITDA...