Ayr Wellness 12.5% ​​Senior Secured Notes begin buying and selling with CSE – New Hashish Ventures

April 20, 2021 at 5:05 pm

Published by NCV Newswire

TORONTO, April 20, 2021 (GLOBE NEWSWIRE) – Ayr Wellness Inc. (CSE: AYR.A, OTC: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated multi-state cannabis operator, is pleased announce that its 12.5% ​​Senior Secured Notes (the “Notes”) will be traded on the CSE on April 21, 2021 under the ticker symbol “AYR.NT.U”.

The Senior Notes:

Ayr has completed an oversubscribed private placement conducted by Canaccord Genuity Corp. Issued in December 2020 $ 110 million worth of debt. The listing on the CSE occurs after the four-month holding period has expired in accordance with Canadian securities laws. The bonds bear interest of 12.5% ​​pa (semi-annually) and are due on December 10, 2024.

The Notes contain certain obligations and restrictions on Ayr’s business, including restrictions on incurring debt, selling assets and dividends, and other distributions. The Notes are backed by an overriding security interest in certain assets of Ayr and certain of its subsidiaries. Detailed information on the bonds can be found in the Trust Indenture filed with SEDAR.

About Ayr Wellness

Ayr is an expanding vertically integrated US multi-state cannabis operator focused on delivering the highest quality cannabis products and customer experience across its entire footprint. Based on the belief that it all starts with the quality of the plant, the company focuses on superior cultivation in order to grow superior branded cannabis products. Ayr strives to enrich the daily consumer experience through the wellbeing and wonders of cannabis.

Ayr’s leadership team brings a proven track record of growing successful businesses through disciplined operational and financial management, and is committed to creating a positive impact on 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: [email protected]

Investor Relations Contact:

Cody Cree or Jackie Keshner
Gateway Investor Relations
T: (949) 574-3860
Email: [email protected]

Original press release

Published by NCV Newswire

NCV Newswire

New Cannabis Ventures’ NCV Newswire aims to curate high quality content and information on leading cannabis companies to help our readers filter out the noise and stay up to date on the top cannabis business news. The NCV Newswire is hand-curated by an editor and is not automated anyway. Do you have a confidential news tip? Get in touch.

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