YourWay Cannabis Brands Terminates Contracts With Old Pal And Airo

YourWay Cannabis Brands Inc. YOURF YOUR HOB has terminated its contracts with two cannabis brands: Old Pal LLC and Airo Brands, Inc.

Due to the current market conditions in Arizona, the terms of these contracts were no longer viable or attractive for the company. Although these brands contributed to YourWay's sales performance for the December 31, 2022, fiscal year, the expected reduction in revenue and profitability, licensing structure and operational demands of servicing the brands did not match the return on investment and, ultimately, it is in the best interest of the parties to part ways.

With the termination of these contracts, the company's focus in the short term is to grow and develop its in-house brands with product innovation, including exploring white-label opportunities while expanding into other markets. The company believes this strategy will allow it to better serve its customers and utilize its capital to provide greater shareholder returns.

YourWay's acting CEO Jakob Ripshstein stated, "We have valued our partnership with Old Pal and AIRO, and we are grateful for the opportunity to have worked with them."

The company will continue to work closely with Old Pal and Airo to ensure a smooth transition for its customers.

Benzinga's Cannabis Capital Conference Is Back

The most successful cannabis business event in the world, the Benzinga Cannabis Capital Conference, returns to Miami for its 16th edition. This is the place where DEALS GET DONE, where money is raised, M&A starts, and companies meet investors and key partners. Join us at the Fontainebleau Miami Beach Hotel in Florida on April 11-12. Don’t miss out. Secure your tickets now. Prices will surge very soon.

Photo by Jeff W on Unsplash