[PRESS RELEASE] – MIAMI, June 6, 2025 – AYR Wellness Inc., a leading vertically integrated U.S. multistate cannabis operator, provided an update regarding the status of its securities in connection with its previously announced delay in filing its interim financial statements for the quarter ended March 31, 2025.
As disclosed on May 30, 2025, the company was unable to meet the deadline to file its interim financial report, management’s discussion and analysis, and related CEO and chief financial officer’s certificates for the three-month period ended March 31, 2025 (collectively, the “interim filings”) as required under applicable Canadian securities laws. As a result, the Ontario Securities Commission (OSC) issued a failure to file cease trade order (FFCTO) effective June 5, 2025.
The FFCTO prohibits all trading, whether direct or indirect, in the securities of the company in Canada, subject to certain limited exceptions for beneficial security holders who are not, and were not at the date of the FFCTO, insiders or control persons of the company. Such holders may sell securities acquired before the date of the FFCTO if the sale is made through a “foreign organized regulated market” and through a registered investment dealer in Canada, in accordance with applicable securities legislation. The FFCTO will remain in effect until the company files the required disclosures and the OSC revokes the order.
AYR is working diligently to complete its outstanding filings and will provide further updates as appropriate.
The company does not expect the FFCTO to impact its ability to continue to operate in the ordinary course and remains committed to delivering high-quality cannabis products to its patients and customers.
