Andrew Semple

Matt Bottomley

Russell Stanley

Scott Fortune

Matt McGinley

Frederico Gomes

Kenric Tyghe

Sonny Randhawa

- Ayr Wellness Inc. commenced a corporate restructuring subsequent to **March 31, 2025**, entering into a **Restructuring Support Agreement (RSA)** on **July 30, 2025**, to facilitate continued operations and transition under new ownership.  **[1847462_0001104659-25-089631_tm2512171d1_ex99-2.htm:1]** **[1847462_0001104659-25-089631_tm2512171d1_ex99-2.htm:2]** **[1847462_0001104659-25-089631_tm2512171d1_ex99-1.htm:25]** 
- The Company received a Notice of Event of Default on **May 3, 2025**, for failing to maintain its consolidated net leverage ratio and reclassified **$239,371 thousand** of its 13% Senior Notes to current liabilities as of **March 31, 2025**.  **[1847462_0001104659-25-089631_tm2512171d1_ex99-2.htm:1]** **[1847462_0001104659-25-089631_tm2512171d1_ex99-1.htm:24]** 
- Management has identified **substantial doubt** about the Company's ability to continue as a going concern, reporting an accumulated deficit of **$1,199,547 thousand** and negative working capital of **$185,444 thousand** as of **March 31, 2025**.  **[1847462_0001104659-25-089631_tm2512171d1_ex99-1.htm:6]** 
- To support restructuring, a **Bridge Credit Agreement** was executed on **August 29, 2025**, providing up to **$50 million** in committed funding, alongside agreements to sell Illinois operations for **$6.75 million** and a Massachusetts facility for approximately **$4.7 million**.  **[1847462_0001104659-25-089631_tm2512171d1_ex99-2.htm:5]** **[1847462_0001104659-25-089631_tm2512171d1_ex99-1.htm:27]** 
- The Ontario Securities Commission issued a **cease trade order** on **June 5, 2025**, leading to the Company's Equity Shares not currently trading on the Canadian Stock Exchange.  **[1847462_0001104659-25-089631_tm2512171d1_ex99-2.htm:5]** **[1847462_0001104659-25-089631_tm2512171d1_ex99-2.htm:15]**

Ayr Wellness (AYRWF)