AYR Wellness Secures Extension of Debt Waiver Ahead of Financial Deadline

LOS ANGELES- AYR Wellness Inc. a vertically integrated multi-state cannabis operator, announced on July 11, 2025, that it has secured an additional amendment to its Limited Waiver Agreement with holders of a majority of its senior secured notes, extending the waiver period to July 18, 2025. The waiver protects the company from default-related remedies tied to its delayed filing of interim financial statements for the quarter ended March 31, 2025, and certain missed payments on its outstanding debt

Originally executed in early June, and initially extended to July 3, this latest amendment continues to prevent noteholders from exercising default provisions while AYR engages in ongoing negotiations with senior lenders to strengthen its capital structure. AYR emphasized that the waiver is temporary and does not nullify existing defaults or lenders’ contractual rights, underscoring its intention to explore strategic financial alternatives.

Despite the waiver, AYR is maintaining normal operations across its network of over 90 dispensaries and branded consumer product lines, affirming continued evaluation of growth prospects within key U.S. markets. The company’s cooperation with noteholders, reflected in the extension, provides a critical window to address liquidity pressures and finalize a long-term solution for its debt obligations