Ayr Wellness Inc. (CNSX:AYR.A) entered into an definitive purchase and sale agreement to acquire Gentle Ventures, LLC for $55 million on November 22, 2021. As a part of acquisition, Ayr Wellness would acquire two dispensaries in the deal, one in Andersonville and one on West Randolph Street in the West Loop. Under the terms of agreement, purchase consideration of $55 million including $12 million of cash, $3 million of sellers notes and $40 million of stock. An earn-out is payable if certain Adjusted EBITDA performance is achieved through Q3 2022. The acquisition is subject to customary closing conditions and regulatory approvals, as well as the execution of the Purchase Agreement. The transaction is expected to close in Q2 2022.