[PRESS RELEASE] – MIAMI, July 2, 2025 – AYR Wellness Inc., a number one vertically built-in U.S. multistate hashish operator, confirms that it didn’t make the hobby fee due on June 30, 2025, in reference to the exceptional senior notes issued pursuant to its amended and restated accept as true with indenture dated Feb. 7, 2024. Must the corporate now not make the hobby fee on or prior to July 30, 2025, that may lead to an tournament of default in admire of the notes.
“Nowadays’s information displays a suitable step in our ongoing restructuring of our debt profile,” meantime CEO Scott Davido stated. “As we proceed the strategic evaluate of our trade and discover pathways to succeed in the fitting capital construction, we proceed to handle a robust operating dating with the holders of a majority of our remarkable notes.”
As introduced via the corporate on Might 30, 2025, the corporate is actively engaged in discussions with the holders of a majority of the exceptional notes in regards to the exploration of capital construction possible choices as a part of a broader evaluate and review of different strategic possible choices.
The corporate does now not await that the overlooked hobby fee will lead to any operational demanding situations with admire to its trade.
