Tilray Brands Inc. has announced the implementation of a one-for-ten reverse stock split of the company’s common stock, as previously approved at a special meeting of stockholders held on June 10, 2025. The reverse stock split is expected to be effective at 4:01 PM Eastern Time on December 1, 2025, with shares of the company’s common stock beginning to trade on a split-adjusted basis under the same symbol (TLRY) when the markets open on December 2, 2025.
As a result of the reverse stock split, the number of shares of the company’s outstanding common stock will be reduced from approximately 1.16 billion shares to 116 million shares. Fractional shares will not be issued, and instead, stockholders will receive cash in lieu of any fractional shares that would have been created by the reverse stock split.
The reverse stock split is expected to achieve several objectives, including aligning Tilray’s number of shares outstanding with companies of similar size and scope, making Tilray more attractive to institutional shareholders, and reducing expenditures associated with Tilray’s annual meeting of stockholders, resulting in up to $1 million in cost savings on an annual run rate basis.
Pacific Stock Transfer will act as the paying agent for the reverse stock split and will provide stockholders with a transaction statement that reflects their post-split shareholdings. Stockholders owning shares via a broker, bank, trust, or similar organization will have their positions automatically adjusted to reflect the reverse stock split, subject to the organization's particular processes, and will not be required to take any action in connection with the reverse stock split.
Following the reverse stock split, Tilray's common stock will trade under a new CUSIP number of 88688T209.
Tilray Brands Inc. is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America. The company's mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy and create memorable experiences. Tilray supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages. As a result of these announcements, the company's shares have moved 4.76% on the market, and are now trading at a price of $1.03. If you want to know more, read the company's complete 8-K report here.
