Miami, Florida-based Ayr Wellness, a vertically integrated, multi-state cannabis operator, has announced the closure of cultivation facilities in 2 states, Massachusetts and Nevada as part of a financial restructuring initiative that will result in closures and asset sales in eight states, Florida, Nevada, Pennsylvania, Ohio, Illinois, New Jersey, Connecticut, and Massachusetts.
The Milford, Massachusetts, facility will impact 157 employees on September 29, 2025, and 82 employees located in Sparks, Nevada, on July 30, 2025.
According to interim CEO Scott Davido, “Today marks a major milestone for AYR and the restructuring of its obligations, having agreed to a pathway to reduce its debt and seek to maximize value for all stakeholders. We look forward to continuing to work closely with our lenders as we execute the next steps in our restructuring plan as defined by the Restructuring Support Agreement."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?