[PRESS RELEASE] – MIAMI, July 28, 2025 – AYR Wellness Inc., a number one vertically built-in U.S. multistate hashish operator, introduced that it has entered into an extra modification to its beforehand disclosed restricted waiver settlement with the holders of a majority of its senior secured notes. This newest modification extends the non permanent waiver interval to July 29, 2025.
As beforehand disclosed, below the restricted waiver settlement, the bulk holders have offered a waiver of sure occasions of default associated to the corporate’s delay in submitting its interim monetary statements for the quarter ended March 31, 2025, in addition to particular fee defaults that will happen below AYR’s different excellent indebtedness. This waiver briefly restrains the bulk holders from exercising their default-related rights and treatments with respect to these specified defaults, topic to the phrases and circumstances within the settlement.
The extension to July 29, 2025, doesn’t represent a everlasting waiver of any present defaults or any rights below the governing paperwork. The corporate continues to function its enterprise within the odd course and expects to proceed evaluating progress alternatives in key markets.