[PRESS RELEASE] – MIAMI, June 13, 2025 – AYR Wellness Inc., a number one vertically built-in U.S. multistate hashish operator, introduced, that it has now not finished the submitting of its meantime monetary statements, control’s dialogue and research, and similar CEO and leader monetary officer (CFO) certificate for the 3 months ended March 31, 2025, (jointly, the “meantime filings”) by means of the prior to now expected date of June 13, 2025.
As prior to now disclosed, the extend in submitting the meantime filings is essentially because of the corporate’s ongoing negotiations with its collectors and the ongoing evaluate of the fitting accounting classifications of positive debt responsibilities recently beneath negotiation with a committee of its senior lenders (the “advert hoc committee”). Those negotiations are a part of a broader strategic assessment procedure, as the corporate evaluates capital construction possible choices and different strategic choices to handle its upcoming cost responsibilities and to fortify the execution of its long-term strategic plan.
As disclosed on June 6, 2025, the Ontario Securities Fee (OSC) has issued a failure-to-file cease-trade order (FFCTO) beneath Nationwide Coverage 12-307 – Failure-to-Record Stop Business Orders and Revocations in A couple of Jurisdictions. The FFCTO prohibits all buying and selling in AYR’s securities in all Canadian jurisdictions and has suspended the corporate’s securities from buying and selling at the Canadian Securities Trade (CSE). The FFCTO will stay in impact till the corporate completes and recordsdata the meantime filings and all CSE necessities are happy.
AYR is operating to finish the meantime filings once conceivable. The corporate will supply an additional replace at the expected timing for submitting the meantime filings by means of June 27, 2025, or faster if the filings are finished ahead of that date.
The corporate does now not be expecting the FFCTO to affect its talent to proceed to function within the bizarre direction.
