Tilray announces proposed reverse stock split, corresponding meeting

Tilray (TLRY) Brands announced a special meeting of stockholders on June 10, 2025. At the Special Meeting, stockholders will be asked to vote for an amendment of the Company’s Fifth Amended and Restated Certificate of Incorporation, in order to implement a reverse stock split of the Company’s common stock at a ratio ranging from 1-to-10 to 1-to-20. Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands, said, “The Reverse Stock Split will better align Tilray’s number of shares outstanding with companies of our size and scope. A higher price per share would ensure compliance with Nasdaq’s continued listing requirements and places Tilray in a position to continue executing on our strategic plans. Looking ahead, we expect this decision to aid in the Company’s efforts to stabilize trading levels, attract and retain institutional shareholders, and decrease our cost structure by over $1 million on an annual run rate basis.”