AYR Wellness Announces Further Extension of Limited Waiver Agreement with Senior Noteholders
AYR Wellness (OTCQX: AYRWF), a leading U.S. multi-state cannabis operator, has secured an additional extension to its Limited Waiver Agreement with majority holders of its senior secured notes until July 29, 2025.
The waiver covers defaults related to delayed Q1 2025 financial statements and certain payment defaults under other outstanding debt. While temporary, this agreement prevents noteholders from exercising default-related rights during the waiver period. The company continues normal operations while evaluating growth opportunities in key markets.
AYR Wellness (OTCQX: AYRWF), un importante operatore statunitense multi-stato nel settore della cannabis, ha ottenuto un'ulteriore estensione del suo Accordo di Deroga Limitata con i principali detentori delle sue obbligazioni senior garantite fino al 29 luglio 2025.
La deroga riguarda i mancati adempimenti relativi ai ritardi nella presentazione dei bilanci del primo trimestre 2025 e alcuni ritardi nei pagamenti di altri debiti in essere. Pur essendo temporanea, questa intesa impedisce ai detentori delle obbligazioni di esercitare i diritti legati ai default durante il periodo di deroga. L’azienda prosegue le normali attività mentre valuta opportunità di crescita nei mercati chiave.
AYR Wellness (OTCQX: AYRWF), un destacado operador estadounidense de cannabis en múltiples estados, ha asegurado una extensión adicional de su Acuerdo de Exención Limitada con los principales tenedores de sus notas garantizadas senior hasta el 29 de julio de 2025.
La exención cubre incumplimientos relacionados con los retrasos en los estados financieros del primer trimestre de 2025 y ciertos incumplimientos de pago bajo otras deudas pendientes. Aunque temporal, este acuerdo impide que los tenedores de notas ejerzan derechos relacionados con incumplimientos durante el período de exención. La empresa continúa con sus operaciones normales mientras evalúa oportunidades de crecimiento en mercados clave.
AYR Wellness (OTCQX: AYRWF)는 미국 내 여러 주에서 활동하는 선도적인 대마초 운영업체로서, 주요 선순위 담보 채권 보유자들과의 제한적 면책 합의를 2025년 7월 29일까지 추가 연장하는 데 성공했습니다.
이 면책은 2025년 1분기 재무제표 지연 및 기타 미지급 부채 관련 일부 지급 지연에 따른 채무불이행을 포함합니다. 임시적이긴 하지만, 이 합의는 면책 기간 동안 채권 보유자들이 채무불이행 관련 권리를 행사하는 것을 방지합니다. 회사는 주요 시장에서의 성장 기회를 모색하며 정상적인 운영을 지속하고 있습니다.
AYR Wellness (OTCQX : AYRWF), un opérateur américain de cannabis multi-états de premier plan, a obtenu une extension supplémentaire de son Accord de Renonciation Limitée avec les principaux détenteurs de ses obligations senior garanties jusqu'au 29 juillet 2025.
Cette renonciation couvre les défauts liés aux retards dans les états financiers du premier trimestre 2025 ainsi que certains défauts de paiement sur d'autres dettes en cours. Bien que temporaire, cet accord empêche les détenteurs d'obligations d'exercer leurs droits liés aux défauts pendant la période de renonciation. La société poursuit ses opérations normales tout en évaluant des opportunités de croissance sur les marchés clés.
AYR Wellness (OTCQX: AYRWF), ein führender US-amerikanischer Multi-State-Cannabis-Betreiber, hat eine weitere Verlängerung seiner begrenzten Verzichtsvereinbarung mit den Mehrheitsinhabern seiner besicherten Senior Notes bis zum 29. Juli 2025 gesichert.
Der Verzicht betrifft Ausfälle im Zusammenhang mit verzögerten Finanzberichten für das erste Quartal 2025 sowie bestimmte Zahlungsausfälle bei anderen ausstehenden Schulden. Obwohl vorübergehend, verhindert diese Vereinbarung, dass die Anleihegläubiger während der Verzichtsperiode Ausübungsrechte aufgrund von Ausfällen geltend machen. Das Unternehmen führt seine normalen Geschäfte fort und prüft Wachstumschancen in wichtigen Märkten.
- Secured extension of waiver agreement until July 29, 2025
- Company maintains ability to operate normally during waiver period
- Majority noteholders continue to show flexibility through waiver extensions
- Ongoing delay in filing Q1 2025 financial statements
- Existence of payment defaults under other outstanding debt
- Temporary nature of waiver indicates continued financial stress
MIAMI, July 28, 2025 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, today announces that it has entered into an additional amendment to its previously disclosed Limited Waiver Agreement with the holders of a majority of its senior secured notes (the “Majority Holders”). This latest amendment extends the temporary waiver period to July 29, 2025.
As previously disclosed, under the Limited Waiver Agreement, the Majority Holders have provided a waiver of certain events of default related to the Company's delay in filing its interim financial statements for the quarter ended March 31, 2025, as well as specific payment defaults that may occur under AYR's other outstanding indebtedness. This waiver temporarily restrains the Majority Holders from exercising their default-related rights and remedies with respect to those specified defaults, subject to the terms and conditions in the agreement.
The extension to July 29, 2025, does not constitute a permanent waiver of any existing defaults or any rights under the governing documents. The Company continues to operate its business in the ordinary course and expects to continue evaluating growth opportunities in key markets.
Forward-Looking Statements
Certain statements contained in this news release may contain forward-looking information or may be forward-looking statements (collectively, "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements are often, but not always, identified by the use of words such as "target", "expect", "anticipate", "believe", "foresee", "could", "would", "estimate", "goal", "outlook", "intend", "plan", "seek", "will", "may", "tracking", "pacing" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking statements pertaining to, among other things, AYR’s ongoing discussions with holders of its senior notes, the extension of the Limited Waiver Agreement and the Company continuing to operate its business in the ordinary course while evaluating growth opportunities. Numerous risks and uncertainties could cause actual events and results to differ materially from the estimates, beliefs and assumptions expressed or implied in the forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those anticipated. AYR has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
About AYR Wellness Inc.
AYR Wellness is a vertically integrated, U.S. multi-state cannabis business. The Company operates simultaneously as a retailer with 90+ licensed dispensaries and a house of cannabis CPG brands.
AYR is committed to delivering high-quality cannabis products to its patients and customers while acting as a Force for Good for its team members and the communities that the Company serves. For more information, please visit www.ayrwellness.com.
Company/Media Contact:
Robert Vanisko
SVP, Public Affairs
T: (786) 885-0397
Email: comms@ayrwellness.com
Investor Relations Contact:
Sean Mansouri, CFA
Elevate IR
T: (786) 885-0397
FAQ
What is the latest extension date for AYR Wellness (AYRWF) Limited Waiver Agreement?
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