AYR WELLNESS INC - AYRWF STOCK NEWS

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) provided an update on the plan of arrangement involving the exchange of senior secured notes and issuance of new shares and warrants. The company also announced the approval of the arrangement by the Senior Noteholders and the final court order from the Ontario Superior Court of Justice.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) announced the opening of two Florida retail stores for AYR Cannabis Dispensary, expanding its retail presence to 64 locations in Florida and 91 locations nationwide. The dispensaries in Leesburg and Fort Myers offer a diverse selection of premium cannabis products and are committed to building strong relationships with patients and communities.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) announced the relaunch of its flagship kynd brand through the 'Season of Kyndness' initiative, focusing on hyperlocal charitable giving during the holiday season. The campaign aims to spread positive impact and connection in communities across Florida, Massachusetts, New Jersey, Nevada, and Pennsylvania. AYR Wellness encourages customer participation by donating a portion of proceeds from kynd product purchases at AYR dispensaries to local charities, with triple matching of individual donations at point of sale.

AYR Wellness Inc. (AYR, CSE: AYR.A, OTCQX: AYRWF) opens AYR Dispensary Dayton, the third AYR location in Ohio and first in the Dayton Metropolitan Region. The 5,500 sq. ft. store offers high-quality cannabis products and operates from Mon-Sat 9 a.m. to 9 p.m. and Sunday 10am-7pm. AYR is committed to expanding its presence in Ohio.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) reports a 5% year-over-year revenue increase to $114.4 million, excluding discontinued operations, and a 92% year-over-year improvement in GAAP loss from operations to ($1.5) million. The company generated over $20 million of operating cash flow in the third quarter and saw a 52% year-over-year increase in adjusted EBITDA to $28.4 million, with an adjusted EBITDA margin of 25%. AYR's recent agreements with creditors will result in the extension of nearly $400 million of debt maturities by two years, providing financial stability. The company's focus on optimization initiatives and agreements to acquire new dispensary licenses position it for long-term growth. Despite pricing pressure and temporary cultivation challenges impacting inventory levels in Florida, AYR remains optimistic about future revenue growth, adjusted EBITDA margin expansion, and free cash flow generation in 2024.

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) announced that the Ontario Superior Court of Justice has granted an interim order authorizing various matters related to the Company’s plan of arrangement under the Canada Business Corporations Act. This involves a special meeting of holders of the Company’s senior notes to consider the transaction, subject to approval of at least 662/3% of the votes cast. Further details will be included in the management information circular to be mailed to Senior Noteholders.

AYR Wellness, Inc. (CSE: AYR.A, OTCQX: AYRWF) launches Kiva Confections Camino Soft Chews in 62+ Florida dispensaries under an exclusive licensing and retail agreement, offering five popular flavors with more to come.

AYR Wellness Inc. announces the opening of two retail locations in Ohio, with one already open in Woodmere and another expected to open later this week in Goshen. AYR is a leading U.S. multi-state cannabis operator and sees Ohio as a promising market with a growing medical program and potential adult-use legalization. The Woodmere store is 4,500 sq. ft. and conveniently located near a popular mall, while the Goshen location is 2,700 sq. ft. and situated in a Cincinnati suburb. AYR plans to offer its own brands as well as third-party brands in both stores. The company has also expanded its cultivation and production efforts in Ohio and has entered option agreements to acquire a third dispensary in Riverside.

AYR Wellness Inc., a leading U.S. multi-state cannabis operator, has entered into a transaction support agreement with the holders of 75% of its senior notes. The agreement includes exchanging the senior notes for new senior secured notes, offering the opportunity for additional notes, and issuing new shares and warrants. The transactions are supported by 76% of senior noteholders and will result in the retirement or extension of nearly $400 million in debt, as well as $50 million in new debt financing. The company also announced an agreement to amend the terms of a promissory note related to a previous acquisition.