Is Ayr Wellness Stock a Buy Now?

Shares of multi-state operator Ayr Wellness (OTC: AYRW.F) have fallen by 66% over the past year, performing only slightly worse than the Horizons Marijuana Life Sciences ETF, which has declined by 58%. The cannabis stock has hit a new 52-week low in the process.

The good news is that Ayr Wellness released a strong fourth-quarter earnings report this month, which should at least give investors some hope that the business is going in the right direction. Is the stock due for a rally, and could now be the time to buy before the share price takes off?

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Source Fool.com