Adastra Labs Holdings Ltd. (TSE:XTRX) has released an update.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Adastra Holdings Ltd., a leading cannabis processor, is set to undergo a significant reduction in its number of shares through a 10:1 share consolidation, pending approval from the Canadian Securities Exchange. This restructuring will decrease the total common shares from nearly 56 million to approximately 5.6 million, with adjustments to outstanding options and no fractional shares issued. The company’s shares are expected to trade under the existing symbol ‘XTRX’ after the consolidation.
For further insights into TSE:XTRX stock, check out TipRanks’ Stock Analysis page.