RE/MAX Holdings, Inc. (NYSE:RMAX) Q4 2023 Earnings Call Transcript February 23, 2024 RE/MAX Holdings, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, and welcome to the RE/MAX Holdings Fourth Quarter and Full Year Earnings 2023 Earnings Conference […]
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In 2024, the global cannabis market is poised for substantial growth due to emerging legal markets, innovative products, and technological advancements.
Harborside Inc. (OTC: HBORF)Ayr Wellness Inc.
Currently, Ayr Wellness Inc. is one of the fastest-growing multistate cannabis operators in the U.S. market. With its focus on delivering the highest quality cannabis products through its rapidly expanding footprint, the company continues making significant acquisitions in key states. In April Ayr opened 2 more dispensaries in Florida giving it 33 in the state and a total of 49 stores across 7 states. It now has the 4th largest footprint in Florida and continues its expansion into other markets.
In the companyâs fourth-quarter and full-year 2020 financial results revenue was up 48% year over year to $47.8 million. In addition, Q4 and full-year revenue were up 25% despite shutdowns in the second quarter. Most important Ayr provided an outlook for 2022 for investors which includes target revenues of $725 million and adjusted EBITDA of $325 million. On 4/20 Ayr celebrated by producing record sales. Specifically, the company did over 14,200 transactions generate $1.24 million in sales for the day.