British Columbia · CCAA
Affidavit #1 of Blake Holzgrafe without Exhibits sworn November 14, 2025
Affidavit · 14 November 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing15 verified
- financial positionnote: Para 70 states total liabilities of approximately $947 million as of March 31, 2025. Components per page 16: current liabilities (~$365.437M: trade payables ~$36.637M, accrued liabilities ~$26.878M, current portion of debts payable ~$265.746M, other current liabilities ~$36.176M) and non-current liabilities (~$581.236M: tax liabilities ~$201.320M, lease liabilities ~$201.439M, long-term debts payable ~$150.686M, other long-term liabilities ~$27.791M). Shareholders' equity separately stated at $309.349 million as of the same date (not a schema field). Total assets not stated in the reviewed pages; not computed per reporting rules. · page: 16 · as at: 2025-03-31 · basis: management estimate, drawn from consolidated financial statements (approximate figures as stated in affidavit) · scope: consolidated - AYR Group · currency: USD · total liabilities: 947000000
- secured creditorsnote: Guaranteed by Ayr Wellness, Inc. and Restricted Subsidiaries Canada; maturity 12/10/2026; principal amount per company table 'Amount Due' 2026 column also $293,250 (in 1,000). · page: 17 · as of: as of November 2025 · amount: 293250000 · debtor: Ayr Wellness, Inc. and Ayr Wellness Canada Holdings Inc. · creditor: Senior Noteholders (13% Senior Secured Notes) · currency: USD · security: Substantially all assets of the AYR Group
- secured creditorsnote: Guaranteed by AYR Wellness Holdings LLC and Subsidiaries; maturity date variable (TBD); per footnote, amount due at maturity is converted to equity rather than paid in cash. · page: 17 · as of: as of November 2025 · amount: 28868000 · debtor: CSAC Holdings Inc. · creditor: Senior Noteholders (Tranche A Bridge) · currency: USD · security: Substantially all assets of the AYR Group
- secured creditorsnote: Guaranteed by AYR Wellness Holdings LLC and Subsidiaries; maturity date variable (TBD); per footnote, amount due at maturity is converted to equity rather than paid in cash. · page: 17 · as of: as of November 2025 · amount: 3640000 · debtor: CSAC Holdings Inc. · creditor: Senior Noteholders (Tranche B Bridge) · currency: USD · security: Substantially all assets of the AYR Group
- secured creditorsnote: Guarantor: CSAC (SPAC); maturity 05/24/26; NV-Livfree note. · page: 17 · as of: as of November 2025 · amount: 17000000 · debtor: CSAC Acquisition Inc. (SPAC) · creditor: Steve Menzies · currency: USD · security: All Assets of LivFree
- secured creditorsnote: Guarantor: AYR Wellness Inc.; maturity 04/01/27; NV-Tahoe Hydro note. · page: 17 · as of: as of November 2025 · amount: 888750 · debtor: CSAC Acquisition NV Corp. · creditor: Mark Bruno · currency: USD · security: All Assets of Tahoe Hydro
- secured creditorsnote: Guarantor: AYR Wellness Inc.; maturity 07/01/27; NV-Green note; distinct capacity/loan from the Tahoe Hydro note above though same holder. · page: 17 · as of: as of November 2025 · amount: 1406670 · debtor: CSAC Acquisition NV Corp. · creditor: Mark Bruno · currency: USD · security: All Assets of NV-Green
- secured creditorsnote: Junior secured seller notes; subject to Subordination Agreement dated 10/05/2021 (as amended) in favor of the Senior Notes Trustee; guarantor AYR Wellness Inc.; maturity 09/15/26. · page: 17 · as of: as of November 2025 · amount: 5375870 · debtor: CSAC Acquisition NJ Corp. (GSD NJ LLC, n/k/a AYR Wellness NJ, LLC) · creditor: Elk Spring Partners LLC and JJE Special Assets, LLC · currency: USD · security: All Assets of GSD NJLLC
- secured creditorsnote: Junior secured seller notes; subject to GSD Subordination Agreement in favor of Senior Notes Trustee; guarantor AYR Wellness Inc.; maturity 12/15/26. · page: 17 · as of: as of November 2025 · amount: 12679070 · debtor: CSAC Acquisition NJ Corp. (GSD NJ LLC, n/k/a AYR Wellness NJ, LLC) · creditor: Elk Spring Partners LLC, Strategic Healthcare Initiatives LLC, and JJE Special Assets, LLC · currency: USD · security: All Assets of GSD NJLLC
- secured creditorsnote: Guarantors: Ayr Wellness Holdings, CSAC Holdings Inc., CSAC Acquisition Inc., CSAC Acquisition FL Corp., DFMMJ Investments LLC; maturity 07/05/33. Note: a separate exhibit (Schedule 1, 'FL Mortgage') identifies the lender for a similarly-sized ($47,990,165.96) mortgage on 242 Cannabis LLC assets as Needham Bank rather than Millstreet, an unresolved naming discrepancy across exhibits. · page: 18 · as of: as of November 2025 · amount: 47665440 · debtor: 242 Cannabis LLC · creditor: Millstreet · currency: USD · security: Mortgage on Real Property
- secured creditorsnote: Guarantor AYR Wellness Inc.; maturity 10/01/26. · page: 18 · as of: as of November 2025 · amount: 17720000 · debtor: CSAC Acquisition PA II Corp. · creditor: ABDC Warehouse II, Anthony J. DePaul, Austin Meehan, and Sunrising Health and Wellness · currency: USD · security: All Assets of PA Nature's Medicine
- secured creditorsnote: Guarantor AYR Wellness Inc.; maturity 03/01/27. · page: 18 · as of: as of November 2025 · amount: 9058380 · debtor: CSAC Acquisition PA II Corp. · creditor: AFC BDC Warehouse LLC · currency: USD · security: All Assets of PA Nature's Medicine
- secured creditorsnote: Guarantor AYR Wellness Inc.; rate 4.63%; maturity 04/01/32; one of two MA-Sira mortgage-backed loans. · page: 18 · as of: as of November 2025 · amount: 24159620 · debtor: Parker RE MA, LLC · creditor: BCB Community Bank · currency: USD · security: Mortgage on Real Property
- secured creditorsnote: Guarantor AYR Wellness Inc.; maturity 06/23/26. · page: 18 · as of: as of November 2025 · amount: 11071420 · debtor: CSAC Acquisition PA Corp. · creditor: Canna Research LLC and JJE Special Assets, LLC · currency: USD · security: All Assets of CannTech
- secured creditorsnote: Guarantor AYR Wellness Inc.; rate 8.00%; maturity 04/01/32; second of two MA-Sira mortgage-backed loans. · page: 18 · as of: as of November 2025 · amount: 9641060 · debtor: Parker RE MA, LLC · creditor: BCB Community Bank · currency: USD · security: Mortgage on Real Property