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Cannabis company Ayr Wellness swings to gain but posts operating loss as revenue more than doubles

Cannabis company Ayr Wellness swings to gain but posts operating loss as revenue more than doubles

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Ayr Wellness Inc. AYR.A, +2.48% AYRWF, +3.42% said Thursday it swung to fourth-quarter net income of $23.79 million, or 35 cents a share, from a loss of $951,843, or 3 cents a share, in the year-ago quarter. The latest period included a $52.95 million fair value gain on financial liabilities.

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