AYR Wellness Inc. (OTCQX: AYRWF) (CSE:AYR.A) released its financial results for the first quarter ended March 31, 2023. The following financial measures are reported as results from continuing operations due to the sale of the company’s business in Arizona, which are reported as discontinued operations. All historical comparisons have been restated accordingly.
Q1 2023 Financial Highlights
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Revenue was $117.7 million, an increase of 18.3% compared to $99.5 million in Q1 2022.
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Gross profit was $48.3 million, an increase of 19.7% compared to $40.3 million in Q1 2022.
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Adjusted EBITDA …