<h2>Ayr Wellness Begins Strategic Restructuring to Optimize Operations</h2>
<p>In a significant move for the cannabis sector, Ayr Wellness Inc., a major vertically integrated cannabis company in the U.S., has embarked on a restructuring journey. Announced on July 30, 2025, the company has entered into a Restructuring Support Agreement (RSA) with its senior noteholders. This strategic decision aims to streamline Ayr Wellness's operations, enhance value for stakeholders, and transition business ownership to drive future growth.</p>
<p>Scott Davido, Interim CEO of Ayr Wellness, conveyed optimism about the development, highlighting the company's commitment to restructuring its financial obligations and paving a path toward maximizing stakeholder value. The restructuring plan will move forward under the guidance of the RSA, ensuring a cohesive and efficient transition process.</p>
<h3>Asset Sales and Future Operations</h3>
<p>The restructuring involves executing an Article 9 Uniform Commercial Code sale process, concentrating on the asset transition to senior noteholders. This arrangement includes key assets in strategic markets such as Florida, Ohio, Nevada, New Jersey, Pennsylvania, and Virginia, with an aim to streamline liabilities. Other assets are set for evaluation, potentially leading to sales or wind-downs to optimize organizational focus and resources.</p>
<p>A financing strategy to support ongoing operations and transitional requirements includes a Bridge Facility—a senior secured loan of up to $50 million, at a 14% annual interest. This facility ensures Ayr Wellness can efficiently navigate the Article 9 sale and subsequent transactions, ultimately converting the financial obligations into a "Take-Back Debt Facility" once asset transactions reach completion.</p>
<h3>Future Prospects and Market Presence</h3>
<p>Following the conclusion of the Article 9 sale, Ayr Wellness plans to undertake a court-supervised liquidation in British Columbia, utilizing the Companies’ Creditors Arrangement Act. Concurrently, U.S. subsidiaries will systematically wind down operations across various states, ensuring an organized transition. The liquidation proceeds will be meticulously distributed among creditors, marking a structured conclusion of the process.</p>
<p>Ayr Wellness maintains its presence in the retail cannabis market, operating over 90 dispensaries and featuring notable brands like kynd, HAZE, Later Days, and Levia. This portfolio underscores Ayr Wellness’s influential role in the cannabis landscape, reflecting a continued commitment to delivering quality cannabis products and experiences.</p>
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