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home / news releases / PSDN - AYR Wellness: Weakness On Guidance Overlooks Longer-Term Opportunity

PSDN - AYR Wellness: Weakness On Guidance Overlooks Longer-Term Opportunity

AdvisorShares Poseidon Dynamic Cannabis ETF
  • Q3 results in line with estimates.
  • 22 Target Revenue remains $800M, adjusted EBITDA guidance reduced on low end, now at $250M to $300M (was $300M).
  • Expanding presence in IL with Dispensary 33 acquisition.
  • Confident that additional M&A looms given management interest and capital position.
  • Discounted valuation persists. Discount and anticipated execution makes AYR an attractive buy on any pullback.

For further details see:

AYR Wellness: Weakness On Guidance Overlooks Longer-Term Opportunity
Stock Information
Company Name: AdvisorShares Poseidon Dynamic Cannabis ETF
Stock Symbol: PSDN
Market: NYSE
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