MIAMI – As part of a liquidation and wind-down process under the Companies’ Creditors Arrangement Act (Canada), AYR Wellness Inc. closed of the transfer of its Florida, New Jersey, and Nevada operations into wholly-owned subsidiaries of Arboretum Bidco LLC. Arboretum, which intends to operate under the trade name “Ayr Wellness,” is the entity established by the company’s senior secured noteholders as the designated purchaser under the Master Purchase Agreement, dated November 14, 2025.
In connection with the closings, the company’s Florida operations have been transferred into Arboretum Florida LLC and related entities, New Jersey operations have been transferred into Arboretum New Jersey LLC and related entities, and Nevada operations have been transferred into Arboretum Nevada LLC and related entities. All requisite state regulatory approvals for the transfer of the Florida, New Jersey, and Nevada operations were obtained prior to the transfers.
