AYR Wellness Announces Further Extension of Limited Waiver Agreement with Senior Noteholders

Core Viewpoint - AYR Wellness Inc. has extended its Limited Waiver Agreement with senior secured note holders to July 25, 2025, allowing for continued negotiations and exploration of strategic options to strengthen its capital structure [1][3]. Group 1: Limited Waiver Agreement - The Majority Holders have provided a waiver for certain events of default related to AYR's delay in filing interim financial statements for Q1 2025 and specific payment defaults under other indebtedness [2]. - The extension does not permanently waive existing defaults but facilitates ongoing dialogue and strategy exploration to address financial obligations [3]. Group 2: Business Operations - AYR continues to operate its business normally and is evaluating growth opportunities in key markets [4]. - The company operates over 90 licensed dispensaries and offers a range of cannabis consumer packaged goods (CPG) brands [6].