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Ayr Wellness ( ($TSE:AYR.A) ) has issued an announcement.
AYR Wellness has announced that it did not make the interest payment due on its senior notes by June 30, 2025, which could lead to a default if not addressed by July 30, 2025. The company is actively engaged in discussions with noteholders to explore capital structure alternatives as part of a strategic review. Despite the missed payment, AYR does not expect any operational disruptions, indicating a focus on restructuring its debt profile to achieve a more sustainable financial position.
The most recent analyst rating on ($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 is facing significant financial and operational challenges. The most impactful factors include financial instability with negative profitability, bearish technical signals, and recent corporate events that indicate regulatory compliance issues and delayed financial disclosures. The lack of earnings call data does not alter the overall negative outlook.
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 operating over 90 licensed dispensaries and offering a range of cannabis consumer packaged goods (CPG) brands. The company is dedicated to providing high-quality cannabis products to its customers and patients while maintaining a positive impact on its employees and the communities it serves.
Average Trading Volume: 123,641
Technical Sentiment Signal: Sell
Current Market Cap: C$18.1M
See more data about AYR.A stock on TipRanks’ Stock Analysis page.