Ayr Wellness Inc C.AYR.A

Alternate Symbol(s): AYRWF

Healthcare

AYR Wellness Inc. is a vertically integrated multi-state cannabis operator in the United States. The Company operates simultaneously as a retailer with more than 90 licensed dispensaries and a house of cannabis consumer packed goods (CPG) brands. It is a cultivator, manufacturer and retailer of cannabis products and branded CPG, and is engaged in the manufacture, possession, use, sale, or distribution of cannabis and/or holds licenses in the adult-use and/or medicinal cannabis marketplace in the States of Massachusetts, Nevada, Pennsylvania, Florida, New Jersey, Ohio, Illinois, and Connecticut. The Company’s portfolio of CPG brands includes Kynd, Origyn Extracts, Levia, STiX Preroll Co., Secret Orchard, and Entourage, among others. It owns and operates a chain of cannabis retail stores under various brand names. The Company distributes and markets its products to Company-owned retail stores and to third-party licensed retail cannabis stores throughout its operating footprint.

CSE:AYR.A - Post by User

Ayr Wellness Inc

<< Previous

Bullboard Posts

Next >>

Post by Humaniston Nov 05, 2021 9:44pm

154 Views

Post# 34094986

AYR ANNOUNCES PROPOSED PRIVATE PLACEMENTS UPTO 150 MLNS

Ayr Wellness Announces Proposed Private Offering of Senior Secured Notes

@nasdaq on 5 Nov 2021, 18:19

MIAMI, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a vertically-integrated cannabis multi-state operator (MSO), today announced a proposed private offering of up to $150 million of its 12.5% Senior Secured Notes (the "Notes"). The Notes will be treated as "Additional Notes" under the indenture governing the Company’s existing 4-year 12.5% Notes due on December 10, 2024 and as a single series with the existing notes under such indenture. 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 capital expenditures, including construction and improvement costs, as well as acquisitions and for general corporate purposes.
This release shall not constitute an offer to sell or a solicitation of an offer to buy any security, nor shall there be any offer, solicitation or sale of any security in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful.

<< Previous

Bullboard Posts

Next >>

This gambling tech stock might be the safest bet you’ll make this year