2 days Ago By The Canadian Press
LEAMINGTON - Cannabis company Tilray Brands Inc. is proposing a reverse stock split for its shares. Read this article for free: Already have an account? To continue reading, please subscribe: * To continue reading, please subscribe: *$1 will be added to your next bill.
After your 4 weeks access is complete your rate will increase by $0.00 a X percent off the regular rate. LEAMINGTON - Cannabis company Tilray Brands Inc.
is proposing a reverse stock split for its shares. Read unlimited articles for free today: Already have an account? LEAMINGTON – Cannabis company Tilray Brands Inc. is proposing a reverse stock split for its shares.
Tilray chairman and chief executive Irwin Simon says the reverse split would better align Tilray’s number of shares outstanding with companies of its size and scope, while a higher price per share would ensure compliance with Nasdaq’s continued listing requirements. The company also expects cost savings from the change, which would reduce the costs associated with its annual meeting. It is asking its shareholders to approve a plan that would allow a reverse stock split of its common shares at a ratio ranging from 1-to-10 to 1-to-20.
The exact ratio would be determined by the Tilray board of directors if the plan is approved by a shareholder vote set for June 10. Tilray shares closed down a penny at 66 cents on the Toronto Stock Exchange on Wednesday. During Elections Get campaign news, insight, analysis and commentary delivered to your inbox during Canada's 2025 election.
This report by The Canadian Press was first published April 17, 2025. Companies in this story: (TSX:TLRY) Advertisement.
