Ayr Wellness Inc. announced a proposed private offering of up to $150 million of its 12.5% Senior Secured Notes (the "Notes"). The Notes will be treated as "Additional Notes" under the indenture governing the Company?s existing 4-year 12.5% Notes due on December 10, 2024 and as a single series with the existing notes under such indenture. The Notes are expected to be issued at a premium, subject to market and other conditions. Ayr intends to use the net proceeds from the issuance of the Notes to fund capital expenditures, including construction and improvement costs, as well as acquisitions and for general corporate purposes.