MIAMI — AYR Wellness Inc. was unable to meet the deadline to file its interim financial report, management’s discussion and analysis, and related CEO and CFO certificates for the three-month period ended March 31, 2025 as required under applicable Canadian securities laws. As a result, the Ontario Securities Commission (the “OSC”) has issued a Failure to File Cease Trade Order (the “FFCTO”) effective June 5, 2025.
The FFCTO prohibits all trading, whether direct or indirect, in the securities of the Company in Canada, subject to certain limited exceptions for beneficial security holders who are not, and were not at the date of the FFCTO, insiders or control persons of the Company. Such holders may sell securities acquired before the date of the FFCTO if the sale is made through a “foreign organized regulated market” and through a registered investment dealer in Canada, in accordance with applicable securities legislation. The FFCTO will remain in effect until the Company files the required disclosures and the OSC revokes the order.
AYR is working to complete its outstanding filings.
The Company does not expect the FFCTO to impact its ability to continue to operate in the ordinary course and remains committed to delivering high-quality cannabis products to its patients and customers.
About AYR Wellness Inc.
AYR Wellness is a vertically integrated, U.S. multi-state cannabis business. The Company operates simultaneously as a retailer with 90+ licensed dispensaries and a house of cannabis CPG brands.
