[PRESS RELEASE] – MIAMI, July 28, 2025 – AYR Wellness Inc., a leading vertically integrated U.S. multistate cannabis operator, announced that it has entered into an additional amendment to its previously disclosed limited waiver agreement with the holders of a majority of its senior secured notes. This latest amendment extends the temporary waiver period to July 29, 2025.
As previously disclosed, under the limited waiver agreement, the majority holders have provided a waiver of certain events of default related to the company's delay in filing its interim financial statements for the quarter ended March 31, 2025, as well as specific payment defaults that may occur under AYR's other outstanding indebtedness. This waiver temporarily restrains the majority holders from exercising their default-related rights and remedies with respect to those specified defaults, subject to the terms and conditions in the agreement.
The extension to July 29, 2025, does not constitute a permanent waiver of any existing defaults or any rights under the governing documents. The company continues to operate its business in the ordinary course and expects to continue evaluating growth opportunities in key markets.
