AYR Wellness Secures Temporary Waiver in Financing Deal

LOS ANGELES- AYR Wellness Inc. a vertically integrated U.S. multi-state cannabis operator, has entered into a Limited Waiver Agreement with holders of a majority of its senior secured notes .

Under this agreement, noteholders temporarily agree not to enforce certain default-related provisions relating to AYR’s delayed filing of interim financial results for Q1 2025 and potential non-payments on unsecured or subordinated debt. The waiver is effective until June 19, 2025, unless terminated earlier in line with predefined events, such as the company choosing to make those liabilities current.

AYR continues active discussions with its senior lenders and is considering strategic alternatives to resolve its capital structure and upcoming obligations. The waiver provides a brief window for negotiations while the company maintains ordinary business operations, including delivering cannabis products to its customers