AYRWF
AYR WELLNESS INC
stock OTC

Tier 1: Mega-Cap MSOs
These operators typically have the widest state footprints and the highest market caps.
* **Curaleaf Holdings (CURLF)**: Operates 158+ dispensaries across 17–19 states.
* **Medical Licenses**: AZ, CT, FL, IL, ME, MD, MA, NV, NJ, NY, ND, PA, UT, and VA (verified for dual-use sales starting Jan 2027).
* **Green Thumb Industries (GTBIF)**: Vertically integrated with a presence in 15 markets.
* **Medical Licenses**: CT, FL, IL, MD, MA, MN, NV, NJ, NY, OH, PA, RI, and VA. Secured a **conditional Texas medical license** in early 2026.
* **Trulieve Cannabis (TCNNF)**: Operates over 200 dispensaries with a focus on high-patient-count states.
* **Medical Licenses**: AZ, CT, FL (dominant share), GA, MD, OH, PA, and WV. Also secured a **conditional Texas license**.
* **Cresco Labs (CRLBF)**: Known for strong wholesale brands like *Sunnyside* and *High Supply*.
* **Medical Licenses**: FL, IL, MA, MI, NY, OH, PA. Recently completed its first medical harvest in **Kentucky** and secured a **conditional Texas license**.
* **Verano Holdings (VRNOF)**: Operates in 13 states with a major presence in medical-to-recreational markets.
* **Medical Licenses**: AZ, FL, IL, MD, MA, NV, NJ, NY, OH, PA, WV, and VA.  Investing News Network +4
Tier 2: Mid-Tier & Strategic MSOs
These companies often focus on specific regions or high-growth "cluster" states.
* **Jushi Holdings (JUSHF)**: Primary focus on the Mid-Atlantic and Midwest.
* **Medical Licenses**: IL, MA, NV, OH, PA, and VA.
* **The Cannabist Co. (CBSTF)**: Formerly Columbia Care; active in 16 states.
* **Medical Licenses**: AZ, CO, DE, FL, IL, MD, MA, NJ, NY, OH, PA, UT, WV. Sold its Virginia medical assets to **Curaleaf** in 2026.
* **Ascend Wellness (AAWH)**: Operates in 7 key states.
* **Medical Licenses**: IL, MA, MI, NJ, NY, OH, and PA.
* **TerrAscend (TRSSF)**: Heavily concentrated in the Northeast and California.
* **Medical Licenses**: MD, MI, NJ, and PA.
* **Ayr Wellness (AYRWF)**: Significant retail footprint in Florida and Nevada.
* **Medical Licenses**: FL, IL, MA, NV, NJ, OH, PA.  Cannabis Wise Guys +2
Tier 3: Specialized & Small-Cap MSOs
These operators, like **MariMed**, often target high-quality wholesale products or specific niche markets.
* **MariMed Inc. (MRMD)**: Vertically integrated with a focus on "precision-dosed" medical brands.
* **Medical Licenses**: DE, IL, MD, MA, OH. Active wholesale distribution into PA; currently building out a presence in **New York** for 2026.
* **FLUENT / Cansortium (FLNT)**: Recently combined with **RIV Capital**.
* **Medical Licenses**: FL, NY, PA, and TX (one of three original active licenses).
* **Planet 13 Holdings (PLNH)**: Strategically exited California in early 2026 to focus on Florida and Nevada.
* **Medical Licenses**: FL (via VidaCann acquisition) and NV.
* **Vext Science (VEXTF)**: Aggressively expanding in Ohio toward the state's eight-dispensary cap.
* **Medical Licenses**: AZ and OH (7 locations operational as of Q1 2026).
* **Glass House Brands (GLASF)**: Primarily a California-focused operator, but recently moved into medical CBD research.
* **Medical Licenses**: CA (Medical & Adult-Use). Developing pharmaceutical-grade CBD for the reimbursable market starting in 2026.
* **4Front Ventures (FFNTF)**: Currently in voluntary receivership but maintains active operational sites.
* **Medical Licenses**: IL, MA, and WA (sublet sites).  Glass House Brands +10

Tier 1: Mega-Cap MSOs
These operators typically have the widest state footprints and the highest market caps.
* **Curaleaf Holdings (CURLF)**: Operates 158+ dispensaries across 17–19 states.
* **Medical Licenses**: AZ, CT, FL, IL, ME, MD, MA, NV, NJ, NY, ND, PA, UT, and VA (verified for dual-use sales starting Jan 2027).
* **Green Thumb Industries (GTBIF)**: Vertically integrated with a presence in 15 markets.
* **Medical Licenses**: CT, FL, IL, MD, MA, MN, NV, NJ, NY, OH, PA, RI, and VA. Secured a **conditional Texas medical license** in early 2026.
* **Trulieve Cannabis (TCNNF)**: Operates over 200 dispensaries with a focus on high-patient-count states.
* **Medical Licenses**: AZ, CT, FL (dominant share), GA, MD, OH, PA, and WV. Also secured a **conditional Texas license**.
* **Cresco Labs (CRLBF)**: Known for strong wholesale brands like *Sunnyside* and *High Supply*.
* **Medical Licenses**: FL, IL, MA, MI, NY, OH, PA. Recently completed its first medical harvest in **Kentucky** and secured a **conditional Texas license**.
* **Verano Holdings (VRNOF)**: Operates in 13 states with a major presence in medical-to-recreational markets.
* **Medical Licenses**: AZ, FL, IL, MD, MA, NV, NJ, NY, OH, PA, WV, and VA.  Investing News Network +4
Tier 2: Mid-Tier & Strategic MSOs
These companies often focus on specific regions or high-growth "cluster" states.
* **Jushi Holdings (JUSHF)**: Primary focus on the Mid-Atlantic and Midwest.
* **Medical Licenses**: IL, MA, NV, OH, PA, and VA.
* **The Cannabist Co. (CBSTF)**: Formerly Columbia Care; active in 16 states.
* **Medical Licenses**: AZ, CO, DE, FL, IL, MD, MA, NJ, NY, OH, PA, UT, WV. Sold its Virginia medical assets to **Curaleaf** in 2026.
* **Ascend Wellness (AAWH)**: Operates in 7 key states.
* **Medical Licenses**: IL, MA, MI, NJ, NY, OH, and PA.
* **TerrAscend (TRSSF)**: Heavily concentrated in the Northeast and California.
* **Medical Licenses**: MD, MI, NJ, and PA.
* **Ayr Wellness (AYRWF)**: Significant retail footprint in Florida and Nevada.
* **Medical Licenses**: FL, IL, MA, NV, NJ, OH, PA.  Cannabis Wise Guys +2
Tier 3: Specialized & Small-Cap MSOs
These operators, like **MariMed**, often target high-quality wholesale products or specific niche markets.
* **MariMed Inc. (MRMD)**: Vertically integrated with a focus on "precision-dosed" medical brands.
* **Medical Licenses**: DE, IL, MD, MA, OH. Active wholesale distribution into PA; currently building out a presence in **New York** for 2026.
* **FLUENT / Cansortium (FLNT)**: Recently combined with **RIV Capital**.
* **Medical Licenses**: FL, NY, PA, and TX (one of three original active licenses).
* **Planet 13 Holdings (PLNH)**: Strategically exited California in early 2026 to focus on Florida and Nevada.
* **Medical Licenses**: FL (via VidaCann acquisition) and NV.
* **Vext Science (VEXTF)**: Aggressively expanding in Ohio toward the state's eight-dispensary cap.
* **Medical Licenses**: AZ and OH (7 locations operational as of Q1 2026).
* **Glass House Brands (GLASF)**: Primarily a California-focused operator, but recently moved into medical CBD research.
* **Medical Licenses**: CA (Medical & Adult-Use). Developing pharmaceutical-grade CBD for the reimbursable market starting in 2026.
* **4Front Ventures (FFNTF)**: Currently in voluntary receivership but maintains active operational sites.
* **Medical Licenses**: IL, MA, and WA (sublet sites).  Glass House Brands +10