Ayr Wellness Begins CCAA Proceedings

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Nov 17 2025

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CCAA Proceedings Initiated: AYR Wellness has initiated proceedings under the Companies' Creditors Arrangement Act in British Columbia as part of its restructuring process, following a Restructuring Support Agreement.
Asset Transition to NewCo: Core assets of AYR's subsidiaries will be transferred to a newly-formed acquisition vehicle owned by certain senior noteholders, as outlined in the Master Purchase Agreement.
Appointment of Interim CEO: Mr. Blake Holzgrafe has been appointed as Interim CEO of AYR's corporate parent to oversee the wind-down process, while Mr. Davido will remain an authorized officer of the operating subsidiaries.
Regulatory Approvals Required: The transfer of collateral assets and equity interests from specified subsidiaries in various states to NewCo is subject to necessary regulatory approvals and customary closing conditions.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.