Framework Journal · one stock, one dated entry

Recorded 2026-05-22 · Permanent

Ayr Wellness Inc. AYRWF

Outside both standards

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

The label
Distribution

read at $0.02

Ayr Wellness Inc. holds its Distribution at $0.02.

PHINPOOPSC
  • PHPhase · the trend structure carries the Distribution label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · does not pass the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-05-22
PhaseDistribution · caution
Quantitative stateConsolidating, no directional conviction, held for 4 days
Price$0.02
Valuation0.00 trailing · -0.02 forward price to earnings
Values screenFAIL
BetaN/A

The business, in plain words · what the numbers mean

The fundamentals · plain-English read
Forward P/E0.0x
Trailing P/E0.0x
Revenue growth-9.1%
revenue is shrinking
Profit margin-68.5%
currently unprofitable
Return on equity-68.0%
not currently earning a positive return on equity
Debt to equity2.05
heavy leverage — higher risk if revenue softens
Market cap$2M

The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; it carries a real debt load, which raises the stakes if revenue slips.

Plain-English interpretation of our own screen data. Analysis, not advice.

Where & how to trade · wherever in the world you are

AYRWF trades on PNK. As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The trader read · the latest dated commentary

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading neutral. Over the past year the shares are down 86%. Our forward projection puts the odds of a 10% gain over the next month near 17%. Entered 2026-07-22 · Markup

The dated journal · newest first, never edited

2026-07-22 Markup $0.02 +0.0% Entry 4

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading neutral. Over the past year the shares are down 86%. Our forward projection puts the odds of a 10% gain over the next month near 17%.

2026-07-18 Markup $0.02 +0.0% Entry 3

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading neutral. Over the past year the shares are down 86%. Our forward projection puts the odds of a 10% gain over the next month near 17%.

2026-07-03 Markup $0.02 +0.0% Entry 2

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.

2026-07-02 Markup $0.02 Entry 1

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The insider ledger · Form 4 filings, as filed

Most recent filings · AYRWF
DateInsiderTitleTypeSharesValue
2020-12-24 Burggraeve (Chris Roger) Director of Issuer 1,000 $22,740
2020-12-23 Isaacson (Glenn Howard) Director of Issuer 10,000 $216,900
2020-12-23 Burggraeve (Chris Roger) Director of Issuer 500 $11,000
2020-12-23 Burggraeve (Chris Roger) Director of Issuer 500 $11,010
2020-12-23 Burggraeve (Chris Roger) Director of Issuer 500 $11,095
2020-12-23 Isaacson (Glenn Howard) Director of Issuer 10,000 $217,000
2020-11-25 Miles (Charles Edward) Director of Issuer 1,566 $22,586
2020-11-24 Miles (Charles Edward) Director of Issuer 1,434 $26,873
2020-11-23 Miles (Charles Edward) Director of Issuer 1,000 $13,979
2020-11-23 Miles (Charles Edward) Director of Issuer 2,000 $36,902

Public filings, recorded as found. The full tape lives at Insider Intelligence.

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $0.01 +49.2% · $1,492 +49.2%
2 months $0.01 +27.9% · $1,279 +27.9%
3 months $0.02 +5.3% · $1,053 +5.3%
6 months $0.02 -10.5% · $895 -10.5%
1 year $0.13 -86.2% · $138 -86.2%
2 years $2.05 -99.1% · $9 -99.1%
3 years $0.88 -98.0% · $20 -98.0%
5 years $28.74 -99.9% · $1 -99.9%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever AYRWF does next, these words stay.

Ayr Wellness Inc. · AYRWF · Distribution · $0.02
Recorded 2026-05-22 · before the outcome · scored mechanically

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