AYR Announces Entry into Limited Waiver Agreement with Senior Noteholders

Core Viewpoint - AYR Wellness Inc. has entered into a Limited Waiver Agreement with the majority holders of its senior secured notes to temporarily address certain defaults and provide the company with additional time to negotiate its capital structure and payment obligations [1][2][3]. Group 1: Agreement Details - The Limited Waiver Agreement offers a temporary waiver of specific events of default, including delays in filing interim financial statements and certain payment defaults [2]. - The waiver is effective until June 19, 2025, unless terminated earlier due to specified events [2]. - The Agreement restricts the Majority Holders from exercising their default-related rights during the waiver period [4]. Group 2: Company Operations and Strategy - AYR Wellness is actively negotiating with senior lenders and exploring strategic alternatives to manage its capital structure and upcoming payment obligations [3]. - The company remains committed to operating in the ordinary course and delivering high-quality cannabis products to its customers [5]. - AYR will continue to provide updates regarding the status of the Agreement and any significant developments [5]. Group 3: Company Overview - AYR Wellness is a vertically integrated U.S. multi-state cannabis operator with over 90 licensed dispensaries and a portfolio of cannabis consumer packaged goods brands [7].