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AYR Provides Update on Delay of Q1 2025 Interim Financial Filings
Globenewswireยท2025-06-13 11:00

Core Viewpoint - AYR Wellness Inc. has delayed the filing of its interim financial statements for the period ended March 31, 2025, primarily due to ongoing negotiations with creditors and assessment of debt obligations [1][2] Group 1: Financial Filings and Delays - The interim financial statements, management's discussion and analysis, and related CEO and CFO certificates were not filed by the anticipated date of June 13, 2025 [1] - The delay is attributed to negotiations with creditors and the evaluation of accounting classifications of certain debt obligations [2] - AYR is working to complete the interim filings as soon as possible and will provide an update on the timing by June 27, 2025 [4] Group 2: Regulatory Actions - The Ontario Securities Commission has issued a failure-to-file cease-trade order (FFCTO), prohibiting all trading in AYR's securities in Canada [3] - The FFCTO will remain in effect until AYR completes and files the interim filings and meets all Canadian Securities Exchange requirements [3] Group 3: Company Operations - Despite the FFCTO, AYR does not expect any impact on its ability to operate in the ordinary course [4] - AYR Wellness operates as a vertically integrated U.S. multi-state cannabis business with over 90 licensed dispensaries [6]