[PRESS RELEASE] – MIAMI, July 28, 2025 – AYR Wellness Inc., a number one vertically built-in U.S. multistate hashish operator, introduced that it has entered into an extra modification to its up to now disclosed restricted waiver settlement with the holders of a majority of its senior secured notes. This newest modification extends the transient waiver length to July 29, 2025.
As up to now disclosed, underneath the restricted waiver settlement, the bulk holders have supplied a waiver of positive occasions of default associated with the corporate’s extend in submitting its period in-between monetary statements for the quarter ended March 31, 2025, in addition to particular cost defaults that can happen underneath AYR’s different remarkable indebtedness. This waiver quickly restrains the bulk holders from exercising their default-related rights and therapies with recognize to these specified defaults, matter to the phrases and stipulations within the settlement.
The extension to July 29, 2025, does no longer represent an everlasting waiver of any present defaults or any rights underneath the governing paperwork. The corporate continues to function its trade within the abnormal path and expects to proceed comparing expansion alternatives in key markets.
