[PRESS RELEASE] – MIAMI, July 2, 2025 – AYR Health Inc.The company, which is a vertically integrated multistate U.S. cannabis operator confirms it has not made the payment of interest due by June 30th 2025 in relation to the outstanding senior notes that were issued in accordance with its restated and amended trust deed dated February 7, 2024. The company will default on the notes if it does not make the payment by or before the deadline of July 30, 2025.
Scott Davido interim CEO said that today’s news was a step forward in the ongoing restructuring of debt. As we explore ways to reach the best capital structure and continue our strategic review, we maintain a good working relationship with holders of the majority of outstanding notes.
According to the announcement made by the company May 30, 2025 the company has been actively engaging in discussions with holders of a large majority of outstanding notes about exploring capital structure options as part of an broader assessment and review of other strategic options.
The business does not expect that the late payment of interest will cause any problems in its operations.