AYR Wellness Initiates Crucial Debt Restructuring Steps Ahead

AYR Wellness Takes Significant Steps Toward Debt Restructuring

AYR Wellness Inc. (CSE:AYR, OTCQX:AYRWF) is actively reshaping its financial future through a strategic restructuring initiative. The company, a well-known player in the multi-state cannabis scene, recently divulged its plans to advance its debt restructuring process with its senior noteholders. This is a pivotal moment for AYR as it seeks to streamline its operations and reposition itself within the competitive cannabis market.

Structure of the Restructuring Support Agreement

Central to AYR's forthcoming actions is the Restructuring Support Agreement (RSA) established on July 30, 2025. This agreement lays the groundwork for a significant restructuring phase that will pivot on a foreclosure sale. Odyssey Trust Company will manage this approach as the collateral trustee on behalf of the senior noteholders. This recent phase involves notifying stakeholders about the collateral assets being sold, which are connected to select AYR subsidiaries.

Details of the Public Auction

The public auction has been set for November 10, 2025, at 10:00 a.m. Eastern Time. Participants can attend either in-person or virtually. AYR's intent is to facilitate a seamless transition of asset ownership to the highest bidder while ensuring ongoing operations during this restructuring period.

Management Insights on the Process

Scott Davido, the Interim CEO of AYR, shared insights regarding the restructuring's importance, stating, "This auction and the initiation of Article 9 proceedings signify our commitment to our restructuring strategy. We aim to maintain our service quality and operational integrity while transitioning asset ownership." Such statements highlight AYR's focus on stability amid significant changes.

Contacting AYR for Further Information

For more information regarding the auction or restructuring process, potential bidders are directed to contact David Zubricki from Ducera Partners at (212) 671-9717, or Cullen Murphy from Moelis & Company at (212) 883-4238. Interested parties must fulfill specific requirements to gain participation in the auction.

AYR's Relations with Stakeholders

AYR remains dedicated to working collaboratively with senior noteholders and other involved parties, indicating a positive outlook for navigating through this restructuring phase. The company is committed to maintaining open lines of communication to foster trust and transparency.

About AYR Wellness Inc.

AYR Wellness stands out as a prominent U.S. multi-state cannabis operator, with over 90 licensed retail locations across various states. Its diverse portfolio includes cultivating, manufacturing, and retailing top-quality cannabis products for medical and adult consumers. Furthermore, AYR has successfully integrated notable consumer packaged goods (CPG) brands into its offerings, such as Kynd and Haze, aimed at meeting the varying needs of its clientele.

Frequently Asked Questions

What prompted AYR Wellness to initiate restructuring?

AYR Wellness is restructuring to better align its financial strategy and asset management with market demands and operational efficiency.

When is the public auction for AYR's assets?

The public auction is scheduled for November 10, 2025, at 10:00 a.m. Eastern Time.

How can interested parties participate in the auction?

Bidders must contact AYR's representatives and fulfill the necessary requirements to qualify for auction participation.

What does AYR Wellness offer in terms of cannabis products?

AYR Wellness provides a vast range of cannabis products catering to both medical patients and recreational users across its operational states.

Who can be contacted for more information about the restructuring?

David Zubricki from Ducera Partners and Cullen Murphy from Moelis & Company are the primary contacts for inquiries related to the restructuring process.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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