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The latest announcement is out from Ayr Wellness ( ($TSE:AYR.A) ).
AYR Wellness has announced an extension to its Limited Waiver Agreement with its senior noteholders, extending the temporary waiver period to July 25, 2025. This extension provides AYR with additional time to negotiate with its senior lenders and explore strategic options to strengthen its capital structure. The waiver addresses defaults related to delayed financial filings and payment issues, allowing AYR to continue discussions and assess financial strategies without immediate default repercussions. The company remains committed to operating normally and evaluating growth opportunities in key markets.
The most recent analyst rating on ($TSE:AYR.A) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Ayr Wellness stock, see the TSE:AYR.A Stock Forecast page.
Spark’s Take on TSE:AYR.A Stock
According to Spark, TipRanks’ AI Analyst, TSE:AYR.A is a Underperform.
Ayr Wellness faces significant financial and operational challenges. Declining profitability, high leverage, negative cash flow, and adverse corporate events weigh heavily on the stock. Technical indicators also suggest bearish momentum. Investors should be cautious given the financial instability and strategic uncertainties.
To see Spark’s full report on TSE:AYR.A stock, click here.
More about Ayr Wellness
AYR Wellness is a vertically integrated, U.S. multi-state cannabis business that operates over 90 licensed dispensaries and offers a range of cannabis consumer packaged goods brands. The company is dedicated to providing high-quality cannabis products to its customers and patients, while also focusing on positive impacts for its employees and the communities it serves.
Average Trading Volume: 119,787
Technical Sentiment Signal: Sell
Current Market Cap: C$18.1M
Learn more about AYR.A stock on TipRanks’ Stock Analysis page.