Tilray Brands' Shareholders Approve Reverse Stock Split

Dow Jones

Jun 11, 2025

By Stephen Nakrosis

Investors in Tilray Brands voted to approve a reverse stock split of the cannabis company's common shares.

Shareholders voted to approve a split of between 1-for-10 and 1-for 20, Tilray said Tuesday. Implementation of a reverse share split would ensure Tilray remains in compliance with Nasdaq Global Select Market continued listing requirements.

The company said it would hold off moving forward for now so it can further explore options related to timing of the split, as it evaluates the timing and stock price.

The reverse stock split would align Tilray's number of shares outstanding with companies of similar size and scope, and would make its stock more attractive to institutional shareholders, company said.

Tilray has a market cap of $420.47 million, 1.03 billion shares outstanding and a public float of 1.02 billion shares. The stock closed the regular trading session up 2.4% at 42 cents per share. Shares decline 2.5% to 40 cents post market.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

June 10, 2025 16:40 ET (20:40 GMT)

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Implementation of a reverse share split would ensure Tilray remains in compliance with Nasdaq Global Select Market continued listing requirements. \n</p>\n<p>\n  The company said it would hold off moving forward for now so it can further explore options related to timing of the split, as it evaluates the timing and stock price. \n</p>\n<p>\n  The reverse stock split would align Tilray's number of shares outstanding with companies of similar size and scope, and would make its stock more attractive to institutional shareholders, company said. \n</p>\n<p>\n  Tilray has a market cap of $420.47 million, 1.03 billion shares outstanding and a public float of 1.02 billion shares. The stock closed the regular trading session up 2.4% at 42 cents per share. Shares decline 2.5% to 40 cents post market. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 10, 2025 16:40 ET (20:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4557","symbol_name":"大麻股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2542340668","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542340668","pubTimestamp":1749588000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Investors in Tilray Brands voted to approve a reverse stock split of the cannabis company's common shares.Shareholders voted to approve a split of between 1-for-10 and 1-for 20, Tilray said Tuesday. 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Shares decline 2.5% to 40 cents post market.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4557":"大麻股","TLRY":"Tilray Inc.","BK4596":"哈里斯概念","BK4007":"制药","BK4547":"WSB热门概念"},"translate_title":"Tilray Brands股东批准反向股票分割","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TLRY":1},"content_text":"By Stephen Nakrosis \n\n\n \n\n\n  Investors in Tilray Brands voted to approve a reverse stock split of the cannabis company's common shares. \n\n\n  Shareholders voted to approve a split of between 1-for-10 and 1-for 20, Tilray said Tuesday. Implementation of a reverse share split would ensure Tilray remains in compliance with Nasdaq Global Select Market continued listing requirements. \n\n\n  The company said it would hold off moving forward for now so it can further explore options related to timing of the split, as it evaluates the timing and stock price. \n\n\n  The reverse stock split would align Tilray's number of shares outstanding with companies of similar size and scope, and would make its stock more attractive to institutional shareholders, company said. \n\n\n  Tilray has a market cap of $420.47 million, 1.03 billion shares outstanding and a public float of 1.02 billion shares. The stock closed the regular trading session up 2.4% at 42 cents per share. Shares decline 2.5% to 40 cents post market. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 10, 2025 16:40 ET (20:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}