Mr. Robert Vanisko reports

AYR WELLNESS ANNOUNCES CLOSING OF FLORIDA, NEW JERSEY AND NEVADA OPERATIONS TRANSFER TO ARBORETUM

Ayr Wellness Inc. is continuing to progress in its proceedings under the Companies' Creditors Arrangement Act (Canada) in the Supreme Court of British Columbia to effectuate a liquidation and wind down of the company.

Ayr announces the closing of the transfer of its Florida, New Jersey and Nevada operations into wholly owned subsidiaries of Arboretum Bidco LLC, in connection with the company's previously announced restructuring transactions. Arboretum, which intends to operate under the trade name Ayr Wellness, is the entity established by the company's senior secured noteholders as the designated purchaser under the master purchase agreement, dated Nov. 14, 2025.

In connection with these additional closings, the company's Florida operations have been transferred into Arboretum Florida LLC and related entities, the company's New Jersey operations have been transferred into Arboretum New Jersey LLC and related entities, and the company's Nevada operations have been transferred into Arboretum Nevada LLC and related entities. All requisite state regulatory approvals for the transfer of the Florida, New Jersey and Nevada operations were obtained prior to the closings.

About Ayr Wellness Inc.

Ayr Wellness is a vertically integrated United States multistate cannabis operator. The company cultivates, manufactures and retails a broad portfolio of high-quality cannabis products, supporting both medical patients and adult-use consumers.

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