Tilray (TLRY) Brands announced that the Company has submitted an application requesting an extension to regain compliance with Nasdaq’s listing standards regarding its price per share. The Company is evaluating several options including, but not limited to, a stockholder-approved Reverse Stock Split to address capital structure and maintain adherence to Nasdaq’s continued listing requirements.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TLRY:
- CoreWeave reports Q2 beat, Gildan to acquire Hanesbrands: Morning Buzz
- Tilray forms partnership in Italy to broaden access to medical cannabis extract
- Why Is Tilray Stock Price (TLRY) Exploding?
- Unusually active option classes on open August 12th
- Tilray expands hemp-derived Delta-9 THC beverage lineup