Ayr Wellness Announces Proposed Private Offering of Senior Secured Notes – New Cannabis Ventures

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November 5, 2021 at 6:25 p.m.

Published by NCV Newswire

MIAMI, Nov 5, 2021 (GLOBE NEWSWIRE) – Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a vertically integrated cannabis multi-state operator (MSO), announced announced today a proposed private offering of up to $ 150 million of its 12.5% ​​Senior Secured Notes (the “Bonds”). The Notes will be treated as “Additional Notes” under the Company’s existing 4-year 12.5% ​​Notes maturing on December 10, 2024 and as a series with the existing Notes under this Agreement. The Notes are expected to be issued at a premium, subject to market and other conditions.

Ayr intends to use the net proceeds from the issuance of the Notes to fund investments, including construction and improvement costs, as well as acquisitions and general corporate purposes.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any security, nor may there be an offer, solicitation or sale of securities in any state or jurisdiction in which such offer, solicitation or solicitation is to be made Selling would be illegal.

About Ayr Wellness
Ayr is an expanding vertically integrated US cannabis operator focused on delivering the highest quality cannabis products and customer experiences across its entire footprint. Based on the belief that everything starts with the quality of the plant, the company focuses on premium cultivation in order to grow high quality branded cannabis products. Ayr strives to enrich the consumer experience every day through the wellbeing and wonders of cannabis.

Ayr’s leadership team brings a proven track record of growing successful businesses through disciplined operations and financial management, and is committed to creating positive impacts for customers, employees and the communities they touch. More information is available at www.ayrwellness.com.

Company contact:

Megan Kulick
Head of Investor Relations
T: (646) 977-7914
Email: IR@ayrwellness.com

Original press release

Published by NCV Newswire

NCV Newswire

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