Tilray Executes Drastic Reverse Stock Split to Maintain Nasdaq Listing

Tilray Brands has enacted a significant and immediate change to its share structure. Effective with the market open on Tuesday, the company’s shares began trading on a split-adjusted basis following the implementation of a 1-for-10 reverse stock split. This corporate action drastically reduces the number of outstanding shares from approximately 1.16 billion to about 116 million. For shareholders, the critical question is whether this represents a vital strategic move to secure the company’s exchange listing or merely a superficial adjustment within a persistent downward trend.

The market’s reaction in the lead-up to the consolidation was severe and unambiguous. Once the reverse split date was finalized, the stock came under intense selling Read more...