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.
This implementation is expected to achieve several objectives, including aligning Tilray’s number of shares outstanding with companies of similar size and scope, making the company 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.
As of the effective date, every ten issued and outstanding shares of common stock will be automatically combined and converted into one share, reducing the number of shares of the company’s outstanding common stock from approximately 1.16 billion shares to 116 million shares. Fractional shares will not be issued. Instead, stockholders will receive cash in lieu of any fractional shares that would have been created by the reverse stock split.
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 other similar organization will have their positions automatically adjusted to reflect the reverse stock split, subject to such organization's particular processes, and will not be required to take any action in connection with the reverse stock split.
The company's stockholders are encouraged to visit the dedicated FAQ page for answers to frequently asked questions regarding the reverse stock split.
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. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products. The company's platform supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages. The market has reacted to these announcements by moving the company's shares 4.76% to a price of $1.03. Check out the company's full 8-K submission here.
