EX-FILING FEES

Calculation of Filing Fee Tables

 

FORM F-10
(Form Type)

 

AYR WELLNESS Inc.
(Exact Name of Registrant as Specified in its Charter)

  

Table 1: Newly Registered and Carry Forward Securities

 

  Security Type Security Class
Title
(1)
Fee
Calculation
or Carry
Forward Rule
Amount
Registered
Proposed
Maximum
Offering Price
Per Unit
Maximum
Aggregate
Offering Price
Fee Rate Amount of
Registration Fee
Newly Registered Securities
Fees to be Paid Unallocated (Universal) Shelf

Subordinate Voting Shares

Restricting Voting Shares

Limited Voting Shares

Warrants

Subscription Receipts

Debt Securities

Convertible Securities

Units

Rule 457(o) $94,300,000 (1) (1) $94,300,000(1)(2 $0.0001102 $10,391.86 (1)(2)
Fees Previously Paid - - - - - - - -
  Total Offering Amounts   $94,300,000   $10,391.86
  Total Fees Previously Paid       $0
  Total Fee Offsets       $10,391.86
  Net Fee Due       $0

 

(1)There are being registered under this Registration Statement such indeterminate number of subordinate voting shares, restricting voting shares, limited voting shares, warrants, subscription receipts, debt securities, convertible securities, units of the Registrant, and a combination of such securities, as may be sold by the registrant from time to time, which collectively shall have an aggregate initial offering price not to exceed USD$94,300,000 (converted from CAD$125,000,000 at an exchange rate of CAD$1.00 = USD$ 0.7544, which was the average daily exchange rate as reported by the Bank of Canada on June 29, 2023). The securities registered hereunder also include such indeterminate number of each class of identified securities as may be issued upon conversion, exercise or exchange of any other securities that provide for such conversion into, exercise for or exchange into such securities. Separate consideration may or may not be received for securities that are issuable on exercise, conversion or exchange of other securities. In addition, pursuant to Rule 416 under the Securities Act of 1933 (the “Securities Act”), as amended, the common shares being registered hereunder include such indeterminate number of subordinate voting shares, restricting voting shares, limited voting shares as may be issuable with respect to the shares being registered hereunder as a result of stock splits, stock dividends, or similar transactions. The proposed maximum initial offering price per security will be determined, from time to time, by the registrant in connection with the sale of the securities under this Registration Statement.

 

(2)Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(o) of the Securities Act.

 

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Table 2: Fee Offset Claims and Sources

 

  Registrant or
Filer Name
Form or Filing
Type
File Number Initial Filing
Date
Filing Date Fee Offset
Claimed
Security Type
Associated
with Fee Offset
Claimed
Security Title
Associated
with Fee
Offset
Claimed
Unsold
Securities
Associated with
Fee Offset
Claimed

Unsold Aggregate
Offering Amount
Associated with
Fee Offset
Claimed

Fee Paid with
Fee Offset
Source
(3)
  Rule 457(p)
Fees Offset Claims Ayr Wellness Inc. F-10 333-253466 02/24/2021   $43,285.42 Unallocated (Universal) Shelf Unallocated (Universal) Shelf Unallocated (Universal) Shelf $396,750,000  
Fees Offset Sources Ayr Wellness Inc. F-10 333-253466   02/24/2021           $43,285.42
                         
(3)The Registrant previously paid US$43,285.42 in registration fees with respect to the Registration Statement on Form F-10 (File No. 333-253466) filed with the United States Securities and Exchange Commission (the “SEC”) on February 24, 2021 (the “2021 Registration Statement”). As of November 30, 2022, all US$43,285.42 of such registration fee in connection with the registration of US$396,750,000 of unsold securities under the 2021 Registration Statement remained unutilized and therefore, was available for future registration fees pursuant to Rule 457(p) under the Securities Act. On November 30, 2022, the Registrant filed a Registration Statement on Form F-10 (File No. 333-268621) with the SEC (the “2022 Registration Statement”) using US$41,192.76 of the US$43,285.42 fee offset source carried forward from the 2021 Registration Statement. The 2022 Registration Statement was not declared effective by the SEC and was withdrawn by the Registrant on June 30, 2023. Therefore, a total of US$43,285.42 of previously paid fees in connection with the 2021 Registration Statement may be applied to the filing fees payable to this Registration Statement pursuant to Rule 457(p).

 

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