AYR Wellness has completed the initial closing of a $275 million senior secured exit facility and transferred its Virginia operations to Arboretum Virginia LLC, a subsidiary of Arboretum Bidco LLC. This move is part of a broader restructuring aimed at reducing debt, improving earnings, and strengthening cash flow. The exit facility includes a delayed draw term loan with a 13% interest rate and a five-year maturity, secured by Arboretum's assets. Further state operations will transfer to Arboretum as regulatory approvals are obtained, with remaining debt and notes expected to convert into equity in Arboretum Investments LLC over time. The restructuring also involves ongoing liquidation and wind-down proceedings under Canadian law for AYR Wellness.
The global autoimmune disease therapeutics market is projected to grow from $80.54 billion in 2025 to $137.85 billion by 2035, at a CAGR of 5.52%. Growth is fueled by rising autoimmune disease prevalence, advances in biologics, JAK inhibitors, monocl...
The Vancouver Chinatown Foundation and RBC are hosting Light Up Chinatown! 2026, a free two-day festival on August 8-9 along Columbia Street in Vancouver’s Chinatown. The event features exclusive food collaborations, live music performances, family a...
New research from iSeatz reveals that U.S. travelers are increasingly strategic about travel rewards programs, with 40% treating them as financial optimization tools and 60% belonging to multiple programs. Despite high enrollment, many travelers find...
A regional nonprofit health plan reduced its Transparency in Coverage machine-readable file (MRF) production time from 45 days to less than 24 hours by integrating TALON's platform directly with its claims administration system. This eliminated a com...
ASUS has introduced two new Chromebooks in the US market: the budget-friendly CM15 laptop and the versatile CM32 Detachable 2-in-1 device. Both run on the MediaTek Kompanio 540 processor, offer up to 12 hours of battery life, and feature military-gra...
