AYR Wellness Inc.'s senior noteholders, using a new acquisition vehicle called NewCo, successfully bid to acquire the company during a public foreclosure auction on November 10. The acquired assets include core operations in Florida, New Jersey, Nevada, Ohio, Massachusetts, Pennsylvania, and Virginia. AYR will seek regulatory approvals to transfer ownership to NewCo and begin proceedings under the Companies’ Creditors Arrangement Act in British Columbia to wind down the existing corporate entity, while continuing normal operations during this transition.

AYR Foreclosure Auction Ends with Successful Bid

Nov 11, 2025

Mg Magazine Newswire

MG Magazine

*MIAMI* — Using a newly formed acquisition vehicle known as NewCo, AYR
Wellness Inc.’s senior noteholders on November 10 submitted a successful
bid to acquire the company during a public foreclosure auction that had
been in the works since July. The acquired collateral assets and equity
interests include subsidiaries in Florida, New Jersey, Nevada, Ohio,
Massachusetts, Pennsylvania, and Virginia, collectively representin the
core operations of the Company.

In the coming days the Ayr expects to formally begin the process seeking
all the necessary regulatory approvals to transfer ownership to NewCo and
commence proceedings under the Companies’ Creditors Arrangement Act in
British Columbia to facilitate a court-supervised winding-down of the
existing AYR corporate entity.

Odyssey Trust Company, in its capacity as collateral trustee for the
Company’s Senior Noteholders, conducted the auction.

Ayr will continue normal operations while it seeks regulatory approval for
the transfer of assets and licenses.