Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), a vertically-integrated cannabis multi-state operator (MSO), recently added approximately US$150 million to its balance sheet as a result of the offering of additional 12.5 percent Senior Secured Notes.

A private placement offering of approximately US$133 million in aggregate principal amount of Notes was completed by the Company at a premium price of US$1,070 per US$1,000. The yield-to-maturity as a result is 9.8%.

Ayr plans to use the net proceeds from the issuing of the Notes to fund capital expenditures, such as building and improvement costs, as well as acquisitions and general corporate purposes, as previously disclosed.

The post Ayr Wellness Raises $150M with Sale of Senior Secured Notes appeared first on CannabisFN.

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Ayr Wellness Raises $150M with Sale of Senior Secured Notes