Ayr Wellness begins divesting key assets to senior lenders.

Auction Outcome: AYR Wellness announced that the credit bid from its senior noteholders was successful in acquiring key assets and equity interests from various states, including Florida and New Jersey, as part of a public foreclosure auction.

Next Steps: The company plans to sign a Master Purchase Agreement to initiate regulatory approval processes for transferring ownership to a new acquisition vehicle and will commence court-supervised proceedings under the Companies' Creditors Arrangement Act in British Columbia.