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A practical case for cannabis companies paying higher interest rates + fantasy valuations

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Deal of the Week / In partnership with Viridian Capital Advisors

Why Ayr Wellness opted for a higher rate on funds

Sometimes it pays to add to an already high coupon rate rather than engage in a new capital raise.

Take last week’s action by Ayr Wellness (CSE: AYR.A; OTCQX: AYRWF), in which the company announced the sale of an additional $150 million of its existing 12.5% senior secured notes that are due Dec. 10, 2024.

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