MIAMI, Nov. 11, 2025 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (CSE:AYR, OTCQX:AYRWF) ("AYR") together with its affiliates and subsidiaries (collectively, the "Company"), a leading vertically integrated U.S. multi-state cannabis operator, announces that the public foreclosure auction (the "Sale") contemplated by the Restructuring Support Agreement dated July 30, 2025 (the "RSA"), resulted in the credit bid submitted by the Company's senior noteholders (the "Senior Noteholders") being deemed the successful bid to acquire ownership through a newly formed acquisition vehicle ("NewCo") of certain collateral assets and equity interests of specified subsidiaries in Florida, New Jersey, Nevada, Ohio, Massachusetts, Pennsylvania and Virginia (the "Assets"), which collectively represent the core operations of the Company.

Scott Davido, interim Chief Executive Officer of AYR, said, "The completion of the public auction and winning bid by AYR's Senior Noteholders successfully brings AYR over one of the largest remaining milestones in our restructuring process."

As further contemplated by the RSA, in the coming days the Company expects to (i) sign a Master Purchase Agreement (the "MPA"), to formally begin the process seeking all the necessary regulatory approvals to transfer ownership of the Assets to NewCo, and (ii) commence proceedings under the Companies' Creditors Arrangement Act in British Columbia to facilitate a court-supervised winding-down ...