Ayr Wellness schedules noteholder meeting for plan of arrangement

Chicago, Nov. 15 – Ayr Wellness Inc. will be holding a special meeting for holders of its 12.5% senior notes due December 2024 on Dec. 15 at 10 a.m. ET, according to a press release.

The meeting is being held for noteholders to consider the company’s plan of arrangement under Section 192 of the Canada Business Corporations Act.

The company needs an affirmative from holders of at least 66 2/3% of the notes.

If the arrangement resolution is passed at the meeting, AYR and AYR Wellness Canada will seek a final order from the court on Dec. 19.

Ayr is a cannabis company based in Miami.

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