MIAMI, November 11, 2025 — Leads & Copy — AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) has announced that its senior noteholders’ credit bid was the winning bid in the public foreclosure auction, paving the way for a restructuring process to acquire the Company’s core operations through a newly formed acquisition vehicle (“NewCo”).
The assets in question include collateral assets and equity interests of specified subsidiaries across Florida, New Jersey, Nevada, Ohio, Massachusetts, Pennsylvania, and Virginia. These assets collectively represent the core operations of AYR Wellness.
Scott Davido, interim Chief Executive Officer of AYR, commented that this successful bid by AYR’s Senior Noteholders brings AYR over one of the largest remaining milestones in their restructuring process.
The company anticipates signing a Master Purchase Agreement (MPA) in the coming days to initiate the process of obtaining the necessary regulatory approvals for transferring ownership of the Assets to NewCo. Additionally, AYR expects to commence proceedings under the Companies’ Creditors Arrangement Act (CCAA) in British Columbia. This will facilitate a court-supervised winding-down of the existing AYR corporate parent entity.
Odyssey Trust Company, acting as collateral trustee for the Senior Noteholders, conducted the Sale in accordance with Article 9 of the Uniform Commercial Code. The auction took place virtually via Zoom on November 10, 2025, at 10:00 a.m. (Eastern Time).
Davido stated that with clarity established regarding the future ownership of AYR’s core Assets, the Company will maintain normal operations, subject to the MPA’s terms. The company will also seek all required regulatory approvals for transferring assets and licenses to NewCo while proceeding with winding down the existing AYR corporate parent entity, non-core assets, and certain subsidiaries. Davido assured that AYR will continue to provide high-quality products and services to its customers, strategically expand its footprint, and enhance its offerings throughout this process.
AYR Wellness is a vertically integrated U.S. multi-state cannabis operator with over 90 licensed retail locations across Florida, Pennsylvania, New Jersey, Ohio, Nevada, and Virginia. AYR cultivates, manufactures, and retails a broad portfolio of high-quality cannabis products, supporting both medical patients and adult-use consumers. AYR also offers a growing suite of CPG brands—including Kynd, Haze, and Later Days—designed to meet a wide range of consumer needs across its markets.
Contact:
Robert Vanisko
SVP, Public Affairs
T: (786) 885-0397
Email: comms@ayrwellness.com
Sean Mansouri, CFA
Elevate IR
T: (786) 885-0397
Source: AYR Wellness Inc.
