Ayr Wellness Inc. (CNSX:AYR.A) agreed to acquire Tahoe Hydroponics Company, LLC/NV Green, Inc. for $17 million on July 19, 2021. The terms of the transaction include, subject to adjustment, $17 million in total consideration, made up of $5 million in cash, $3.5 million in debt, and approximately $8.5 million in stock. The acquisition of Tahoe Hydro and NV Green adds two cultivation licenses, one production license, and one distribution license to Ayr's Nevada footprint.

The acquisition will add significant cultivation talent to Ayr's already robust cultivation team, including 75 employees, which the Company plans to deploy both within Nevada and nationally. The acquisition is subject to customary closing conditions and regulatory approvals.