#Order
Order granted following the Monitor's Fourth Report of July 7, 2026.
Source: Distribution, Discharge & Termination Order filed July 13, 2026
AYR Wellness Inc.
ClosedFollow
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- File
- S-258584
- Industry
- Cannabis · Cannabis retail
Filings held29
Last activity13 Jul 2026
On the record353 days
OverviewSummary updated
AYR Wellness Inc. remains under CCAA protection in the Supreme Court of British Columbia at Vancouver, court file S-258584. The Initial Order of November 17, 2025 stayed proceedings to November 27, 2025, appointed KSV Restructuring Inc. as Monitor, and granted a $250,000 Administration Charge ranking first and a $500,000 Directors' Charge ranking second. The proceedings are directed at an orderly liquidation and wind-down of the Petitioner's remaining assets in Canada, while its subsidiaries conduct the UCC Sale and related state-level liquidation processes contemplated under the RSA. A claims process approved on January 15, 2026 set a claims bar date of March 16, 2026. The Monitor, now AlixPartners Restructuring Inc., has reported cumulative receipts of CAD 2,344,000, cash on hand of CAD 112,000, and fees of CAD 259,301.38 for itself and CAD 315,562.54 for Cassels from commencement to June 30, 2026.
Claims processIf you are owed money
The claims bar date has passed — claims were due by
ContactKSV Restructuring Inc. · Ross Graham · rgraham@ksvadvisory.com · 587.287.2750
Per the Claims Process Instruction Letter dated January 26, 2026 dated 26 January 2026.
Proceedings AIOpen Proceedings AI
Case updates30 dated entries
#Report
Fourth Report: Monitor reported on the Petitioner's negotiation of the Listing Agreement and advancement of UCC Sale milestones, with liquidation of redundant assets including the Texas Property and the Remaining Asset Transfers left before CCAA termination.
#Report
Third Report filed, the Monitor's first report since January 2026, ahead of the June 15, 2026 hearing.
#Claims
A claims procedure was approved, setting a claims bar date of 2026-03-16. Claims contact: KSV Restructuring Inc.
Source: Claims Process Instruction Letter dated January 26, 2026
#Order
Court granted further relief sought by the Petitioner on the same day as the Claims Process Order, the Second Report having commented on the supporting materials.
#Report
Second Report: Monitor reviewed CRA correspondence on an international tax audit, commented on the proposed claims process, and tracked receipts and disbursements against the filed cash flow statement.
#Filing
Notice of Application (Stay Extension & Claims Process) filed January 12, 2026 — Application / notice of application
#Filing
Application Record Index (Stay Extension & Claims Process) filed January 9, 2026 — Application / notice of application
#Claims
Book of Authorities (Stay Extension & Claims Process) filed January 9, 2026 — Claims procedure order
#Order
The stay of proceedings was extended to 2026-02-20.
Source: Amended and Restated Initial Order dated November 25, 2025
#Report
First Report: Monitor delivered prescribed notice to known creditors, filed Forms 1 and 2 with the OSB, posted materials to the case website, arranged Globe and Mail publication, and commented on comeback hearing materials.
#Order
Initial Order granted at Vancouver: stay of proceedings to November 27, 2025, KSV Restructuring Inc. appointed Monitor, $250,000 Administration Charge and $500,000 Directors' Charge created.
AnalysisAll insights
Outcome brief
AYR Wellness: a New York credit bid and a Vancouver wind-down
Noteholders are taking the AYR group's core U.S. cannabis assets by credit bid, state by state, while the B.C. parent, the only petitioner, winds down under the CCAA. On July 13, 2026, Justice Walker directed distributions to the notes' collateral trustee, granted releases once all eight D&O claims had been disallowed, and authorized a bankruptcy assignment.
Parties
Debtor
AYR Wellness Inc.
Monitor
KSV
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Walker | Supreme Court of British Columbia | 6 orders, Nov 2025 – Jul 2026 | 31 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorKSV | Cassels Brock & Blackwell LLP | 31 Mar 2026 | Service list · 31 Mar 2026 |
| ApplicantAYR Wellness Inc | DLA Piper (Canada) LLP | 31 Mar 2026 | Service list · 31 Mar 2026 |
| CreditorAd Hoc Committee of Senior Noteholders | Goodmans LLP · Paul Hastings LLP | 31 Mar 2026 | Service list · 31 Mar 2026 |
| CreditorRobert J | Fasken Martineau DuMoulin LLP | 31 Mar 2026 | Service list · 31 Mar 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| Court-ordered charges | ||||
| 1 | Court-ordered charges | Directors' Charge — Second — Directors’ Charge (to the maximum amount of $500,000) | $500K | Initial Order dated November 17, 2025 |
| 1 | Court-ordered charges | |||
| Pre-filing debt | ||||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
15 more claims in 2 classes The stack holds Court-ordered charges and Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansRecoveriesAs stated in the filings
Senior Noteholders: shortfall.Notice of Application filed July 2, 20206 · 2 Jul 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Senior Noteholders | — | shortfall | per the debtor | Notice of Application filed July 2, 20206 · 2 Jul 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Fees and ratesAs stated in the filings
19 engagements · 4 firms — latest: (firm not named), 24 Jul 2025 – 30 Jun 2026Affidavit of Noah Goldstein sworn July 10, 2026 · 10 Jul 2026
| Firm | Period | Hours | Fees | Rates | Source | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (firm not named)capacity not statedfirm not named in the heading | 24 Jul 2025 – 30 Jun 2026 | — | — | 1 person | Affidavit of Noah Goldstein sworn July 10, 2026 · 10 Jul 2026 | |||||||||||||||||||||||||||||||||||
| AlixPartners Restructuring, Inc.Monitorperiod 2 of 2 | 1 May – 30 Jun 2026 | 4 people | Affidavit of Noah Goldstein sworn July 10, 2026 · 10 Jul 2026 | |||||||||||||||||||||||||||||||||||||
4 people — AlixPartners Restructuring, Inc., 1 May – 30 Jun 2026 · 14 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| AlixPartners Restructuring, Inc.Monitorperiod 1 of 2 | Alix Fee Approval Period | — | — | Fourth Report of the Monitor filed July 8, 2026 · 8 Jul 2026 | ||||||||||||||||||||||||||||||||||||
| Cassels Brock & Blackwell LLPCounsel to the monitorperiod 12 of 13 | to 30 Jun 2026Sought | Affidavit #1 of Joseph Bellissimo made July 7, 2026 · 7 Jul 2026 | ||||||||||||||||||||||||||||||||||||||
| Cassels Brock & Blackwell LLPCounsel to the monitorperiod 11 of 13 | to 31 May 2026 | — | not stated | Affidavit #1 of Joseph Bellissimo made July 7, 2026 · 7 Jul 2026 | ||||||||||||||||||||||||||||||||||||
| Cassels Brock & Blackwell LLPCounsel to the monitorperiod 11 of 13 | Cassels Fee Approval Period | 5 people | Fourth Report of the Monitor filed July 8, 2026 · 8 Jul 2026 | |||||||||||||||||||||||||||||||||||||
5 people — Cassels Brock & Blackwell LLP, Cassels Fee Approval Period · 17 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| Cassels Brock & Blackwell LLPCounsel to the monitorperiod 10 of 13 | — | 2 people | Affidavit #1 of Joseph Bellissimo made July 7, 2026 · 7 Jul 2026 | |||||||||||||||||||||||||||||||||||||
2 people — Cassels Brock & Blackwell LLP · 8 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| Cassels Brock & Blackwell LLPCounsel to the monitorperiod 10 of 13 | — | 3 people | Affidavit #1 of Joseph Bellissimo made July 7, 2026 · 7 Jul 2026 | |||||||||||||||||||||||||||||||||||||
3 people — Cassels Brock & Blackwell LLP · 11 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| Cassels Brock & Blackwell LLPCounsel to the monitorperiod 10 of 13 | — | 2 people | Affidavit #1 of Joseph Bellissimo made July 7, 2026 · 7 Jul 2026 | |||||||||||||||||||||||||||||||||||||
2 people — Cassels Brock & Blackwell LLP · 8 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| Cassels Brock & Blackwell LLPCounsel to the monitorperiod 10 of 13 | — | 2 people | Affidavit #1 of Joseph Bellissimo made July 7, 2026 · 7 Jul 2026 | |||||||||||||||||||||||||||||||||||||
2 people — Cassels Brock & Blackwell LLP · 8 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| Cassels Brock & Blackwell LLPCounsel to the monitorperiod 10 of 13 | — | 2 people | Affidavit #1 of Joseph Bellissimo made July 7, 2026 · 7 Jul 2026 | |||||||||||||||||||||||||||||||||||||
2 people — Cassels Brock & Blackwell LLP · 8 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| Cassels Brock & Blackwell LLPCounsel to the monitorperiod 10 of 13 | — | 5 people | Affidavit #1 of Joseph Bellissimo made July 7, 2026 · 7 Jul 2026 | |||||||||||||||||||||||||||||||||||||
5 people — Cassels Brock & Blackwell LLP · 17 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| Cassels Brock & Blackwell LLPCounsel to the monitorperiod 10 of 13 | — | 4 people | Affidavit #1 of Joseph Bellissimo made July 7, 2026 · 7 Jul 2026 | |||||||||||||||||||||||||||||||||||||
4 people — Cassels Brock & Blackwell LLP · 14 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| Cassels Brock & Blackwell LLPCounsel to the monitorperiod 10 of 13 | — | 4 people | Affidavit #1 of Joseph Bellissimo made July 7, 2026 · 7 Jul 2026 | |||||||||||||||||||||||||||||||||||||
4 people — Cassels Brock & Blackwell LLP · 14 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| Cassels Brock & Blackwell LLPCounsel to the monitorperiod 10 of 13 | — | 4 people | Affidavit #1 of Joseph Bellissimo made July 7, 2026 · 7 Jul 2026 | |||||||||||||||||||||||||||||||||||||
4 people — Cassels Brock & Blackwell LLP · 14 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| Cassels Brock & Blackwell LLPCounsel to the monitorperiod 10 of 13 | — | 3 people | Affidavit #1 of Joseph Bellissimo made July 7, 2026 · 7 Jul 2026 | |||||||||||||||||||||||||||||||||||||
3 people — Cassels Brock & Blackwell LLP · 11 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| KSV Restructuring Inc.Monitorperiod 3 of 3 | to 30 Apr 2026 | 3 people | Affidavit of Noah Goldstein sworn July 10, 2026 · 10 Jul 2026 | |||||||||||||||||||||||||||||||||||||
3 people — KSV Restructuring Inc., to 30 Apr 2026 · 11 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| KSV Restructuring Inc.Monitorperiod 2 of 3 | to 31 Mar 2026 | 3 people | Affidavit of Noah Goldstein sworn July 10, 2026 · 10 Jul 2026 | |||||||||||||||||||||||||||||||||||||
3 people — KSV Restructuring Inc., to 31 Mar 2026 · 11 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| KSV Restructuring Inc.Monitorperiod 1 of 3 | to 30 Nov 2025 | 3 people | Affidavit of Noah Goldstein sworn July 10, 2026 · 10 Jul 2026 | |||||||||||||||||||||||||||||||||||||
3 people — KSV Restructuring Inc., to 30 Nov 2025 · 11 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
231 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Total liabilities at filing
As at ·
Cumulative receipts
$2.34M
As at 13 Jan 2026Second Report of the Monitor filed January 13, 2026
Cash on hand
As at
Professional fees
As at
2 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
29 filings
| Date | Document | File |
|---|---|---|
Distribution, Discharge & Termination Order filed July 13, 2026
| PDF · Subscribers | |
Affidavit of Noah Goldstein sworn July 10, 2026
| PDF · Subscribers | |
Fourth Report of the Monitor filed July 8, 2026
| PDF · Subscribers | |
Affidavit #1 of Joseph Bellissimo made July 7, 2026
| PDF · Subscribers | |
| Affidavit #2 of Blake Holzgrafe filed July 2, 2026 | PDF · Subscribers | |
Notice of Application filed July 2, 20206
| PDF · Subscribers | |
Stay Extension Order filed June 15, 2026
| PDF · Subscribers | |
Third Report of the Monitor dated June 10, 2026
| PDF · Subscribers | |
| Notice of Application filed June 9, 2026 | PDF · Subscribers | |
Service List as of March 31, 2026
| PDF · Subscribers | |
Claims Process Instruction Letter dated January 26, 2026
| PDF · Subscribers | |
| AYR - Notice of Dispute | PDF · Subscribers | |
D&O Claims Process Order filed January 15, 2026
| PDF · Subscribers | |
Stay Extension Order filed January 15, 2026
| PDF · Subscribers | |
Second Report of the Monitor filed January 13, 2026
| PDF · Subscribers | |
| Notice of Application (Stay Extension & Claims Process) filed January 12, 2026 | PDF · Subscribers | |
| Application Record Index (Stay Extension & Claims Process) filed January 9, 2026 | PDF · Subscribers | |
| Book of Authorities (Stay Extension & Claims Process) filed January 9, 2026 | PDF · Subscribers | |
Amended and Restated Initial Order dated November 25, 2025
| PDF · Subscribers | |
First Report of the Monitor filed November 21, 2025
| PDF · Subscribers | |
Pre-Filing Report of the Proposed Monitor filed November 21, 2025
| PDF · Subscribers | |
| CCAA Notice to Creditors dated November 20, 2025 | PDF · Subscribers | |
| Notice of Application re ARIO dated November 20, 2025 | PDF · Subscribers | |
| AYR - Blank Proof of Claim Form | PDF · Subscribers | |
Initial Order dated November 17, 2025
| PDF · Subscribers | |
Affidavit #1 of Blake Holzgrafe without Exhibits sworn November 14, 2025
| PDF · Subscribers | |
| List of Creditors as at November 14, 2025 | PDF · Subscribers | |
| Notice of hearing dated November 14, 2025 | PDF · Subscribers | |
| Petition to the Court dated November 14, 2025 | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “AYR Wellness Inc.” (CCAA), Supreme Court of British Columbia. Retrieved 5 November 2026, https://proceedings.ca/case/ayr-wellness-inc