Ayr Strategies Expands In Arizona, Acquires Blue Camo For More Than $75M

Ayr Strategies Inc. (CSE:AYR) (OTCQX:AYRWF) confirmed Wednesday a $75.4 million worth acquisition of Blue Camo LLC.
In November, the multi-state cannabis operator revealed its plans to acquire 100% of the membership interest of Blue Camo, an Arizona-based vertically integrated cannabis company.
Ayr agreed to provide an upfront payment of $75.4 million. Some $9.5 million of that amount is in cash, $37 million in stock (around 3.57 million shares) and up to $28.5 million in seller notes.
An extra 2 million shares will be put in escrow to be used upon completing certain milestones at the new cultivation facility.
Once the transaction closes, Ayr will obtain Blue Camo’s main operations:

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