AYR Wellness Announces Result of Article 9 Public Auction, Initiation of Sale of Core Assets to its Senior Lenders

Core Points - AYR Wellness Inc. has successfully completed a public foreclosure auction, with the senior noteholders winning the bid to acquire core assets and equity interests in multiple states [1][2][3] - The company plans to sign a Master Purchase Agreement (MPA) to initiate the regulatory approval process for transferring ownership of the assets to a newly formed acquisition vehicle (NewCo) [2][4] - The auction was conducted by Odyssey Trust Company under the direction of senior noteholders, with the auction taking place virtually on November 10, 2025 [3] Company Operations - AYR Wellness operates over 90 licensed retail locations across Florida, Pennsylvania, New Jersey, Ohio, Nevada, and Virginia, focusing on both medical and adult-use cannabis markets [6] - The company cultivates, manufactures, and retails a diverse portfolio of high-quality cannabis products, including brands like Kynd, Haze, and Later Days [6] - AYR intends to continue operating its core assets while seeking necessary regulatory approvals and winding down the existing corporate parent entity [4]