Core Viewpoint - Tilray's stock experienced a significant decline of 19.4% following the announcement of a 1-for-10 reverse stock split, which will reduce the total share count from approximately 1.16 billion to 116 million shares [1][3]. Summary by Sections Reverse Stock Split Details - Tilray has chosen the less drastic option of a 1-for-10 reverse stock split, meaning investors will own 10% fewer shares than before [3]. - The reverse split will take effect after trading on December 1, with shares resuming trading at an estimated price of $8.10 on December 2, based on the current price of $0.81 [4][8]. Implications of the Reverse Split - A reverse stock split does not fundamentally change the company's business but increases the price per share, which can help avoid delisting risks [5]. - The reverse split indicates that Tilray has not been able to increase its share price through business growth, suggesting potential reasons for investors to consider selling [6]. Investment Considerations - Analysts have identified ten stocks they believe are better investment opportunities than Tilray, indicating a lack of confidence in Tilray's current market position [9].

Core Insights - Tilray Brands (TLRY) has solidified its position as the largest legal cannabis company in Canada, reporting a 4% year-over-year increase in Canadian cannabis revenues to $51 million in fiscal Q1 2026, supported by extensive cultivation capacity of approximately 5 million square feet and 210 metric tons of cannabis in production [1][9] - The company has gained market share in the adult-use channel, ranking among the top five licensed producers and achieving the 1 position in several product categories, including pre-rolls, beverages, oils, and chocolate edibles, as well as securing the top rank in flower by the end of the quarter [2][9] - Long-term growth is anticipated due to low household cannabis penetration and potential regulatory improvements, such as updates to excise taxes and expanded medical cannabis distribution [3] Industry Update - Cresco Labs (CRLBF) reported steady operational results in Q3, driven by strong wholesale momentum and expanded cultivation capacity, maintaining leading market shares in key states [4] - Canopy Growth (CGC) showed solid momentum in its Canadian business during fiscal Q2, with improvements in both adult-use and medical cannabis segments, supported by stronger commercial execution and cost-discipline measures [6] Price Performance - Over the past six months, Tilray Brands' shares have increased by 129.1%, significantly outperforming the industry growth of 1.8% and the S&P 500's growth of 18.6% [7] Valuation Metrics - Tilray currently trades at a forward 12-month Price-to-Sales (P/S) ratio of 1.30X, compared to the industry average of 3.16X, indicating a discounted valuation [10]

Group 1 - U.S. stock futures are higher, with Dow futures gaining around 50 points [1] - Tilray Brands Inc announced a one-for-10 reverse stock split, effective December 1 [1] - Tilray shares fell sharply by 15% to $0.88 in pre-market trading [2] Group 2 - Inventiva ADR fell 7.4% to $4.26 in pre-market trading after a previous gain [4] - Anglogold Ashanti PLC dipped 5.5% to $83.97 in pre-market trading after a gain of over 5% [4] - Lexicon Pharmaceuticals Inc fell 5% to $1.36 in pre-market trading [4] - SuperX AI Technology Ltd fell 3.9% to $26.00 in pre-market trading after a significant previous jump of 23% [4] - Palisade Bio Inc declined 3.6% to $2.15 in pre-market trading [4] - Gold Fields Ltd fell 3.4% to $41.76 in pre-market trading after a gain of 6% [4] - Abacus Global Management Inc fell 3.2% to $6.33 in pre-market trading after reporting better-than-expected third-quarter results and announcing a $10 million buyback [4]

Group 1 - U.S. stock futures are higher, with Dow futures gaining approximately 50 points [1] - Tilray Brands Inc shares fell sharply by 15% to $0.88 in pre-market trading after announcing a one-for-10 reverse stock split [2][1] - The reverse stock split for Tilray was approved in June and will take effect on December 1 [1] Group 2 - Inventiva ADR shares decreased by 7.4% to $4.26 in pre-market trading after a previous gain of 4% [4] - Anglogold Ashanti PLC shares dipped by 5.5% to $83.97 after gaining over 5% on Wednesday [4] - Lexicon Pharmaceuticals Inc shares fell by 5% to $1.36 in pre-market trading [4] - SuperX AI Technology Ltd shares declined by 3.9% to $26.00 after a significant increase of 23% on Wednesday due to a $20 million share repurchase program announcement [4] - Palisade Bio Inc shares decreased by 3.6% to $2.15 in pre-market trading [4] - Gold Fields Ltd shares fell by 3.4% to $41.76 after a 6% gain on Wednesday [4] - Abacus Global Management Inc shares declined by 3.2% to $6.33 after reporting better-than-expected third-quarter results and announcing a $10 million buyback [4]

Group 1 - Chagee Holdings Ltd. (NASDAQ:CHA) is expected to report quarterly earnings of 40 cents per share on revenue of $458.31 million [2] - Tilray Brands Inc. (NASDAQ:TLRY) announced a 1-for-10 reverse stock split, resulting in a 16% decline in shares to $0.86 in after-hours trading [2] - Analysts predict Globus Maritime Ltd. (NASDAQ:GLBS) will post a quarterly loss of 12 cents per share on revenue of $10.50 million, with shares rising 1.5% to $1.36 in after-hours trading [2] - Post Holdings Inc. (NYSE:POST) has authorized a $500 million share buyback program, leading to a 1.8% increase in shares to close at $102.82 [2] - Beyond Air Inc. (NASDAQ:XAIR) announced the resignation of CFO Doug Larson and appointed Duke Drewell as interim CFO, with shares rising 1.5% to $1.35 in after-hours trading [2]

Core Viewpoint - Tilray's stock price has shown signs of recovery, rising for three consecutive days and reaching a high of $1.03 in New York, up from a low of $0.8740 earlier this month [1] Price Movement - The stock price increased to $1.03, indicating a positive trend in the market [1] - The recent low was recorded at $0.8740, highlighting a significant rebound in the stock's performance [1] Market Sentiment - The three-day consecutive rise suggests a potential shift in investor sentiment towards Tilray, reflecting growing confidence in the company's stock [1]

Market Overview - Stocks surged ahead of the Thanksgiving holiday, with the Nasdaq gaining 0.82% to 23,214.69, S&P 500 up 0.69% to 6,812.61, and Dow Jones increasing by 0.67% to 47,427.12, driven by optimism in the market and positive labor-market data showing a drop in initial jobless claims [1] Robinhood Markets Inc. - Robinhood's stock surged 10.93%, closing at $128.20, with an intraday high of $128.90 and a low of $120.86, while its 52-week high and low are $153.86 and $29.66 respectively [2] - The company announced plans to launch a futures and derivatives exchange and clearinghouse through a joint venture, with Susquehanna International Group as the initial liquidity provider, which could enhance liquidity and allow for the design of custom contracts [3] Beyond Meat Inc. - Beyond Meat's stock rose 19.01%, closing at $1.02, with an intraday high of $1.05 and a low of $0.86, while its 52-week high and low are $7.69 and $0.50 respectively [4] - The stock rebound occurred despite no new developments, attributed to broader market optimism, although the company reported a third-quarter revenue of $70.2 million, down 13.3% year-over-year, and a weak fourth-quarter outlook of $60–65 million [5] Tilray Brands Inc. - Tilray's stock increased by 4.76%, closing at $1.03, with an intraday high of $1.06 and a low of $0.99, while its 52-week high and low are $2.32 and $0.35 respectively [6] - The company announced a 1-for-10 reverse stock split effective December 1, aiming to reduce annual costs by about $1 million and attract institutional investors [6] ASML Holdings NV - ASML's stock climbed 3.76%, closing at $1,040.97, with an intraday high of $1,055 and a low of $1,037.30, while its 52-week high and low are $1,086.11 and $578.51 respectively [7] - The company benefits from strong AI-driven demand and its monopoly in EUV tools, with Goldman Sachs projecting long-term revenue could more than double, and it expects over 25% of 2025 sales to come from China [7] SMX (Security Matters) PLC - SMX's stock skyrocketed 194.42%, closing at $17.40, with an intraday high of $17.40 and a low of $5.91, while its 52-week high and low are $66,187.39 and $3.12 respectively [8] - The company is gaining attention due to its molecular tagging technology for gold verification, which aims to improve traceability and auditability in the gold supply chain, supported by interest from operators like Brink's [9]

Core Viewpoint - Tilray Brands, Inc. will implement a one-for-ten reverse stock split of its common stock, effective December 1, 2025, to align its share structure with similar companies and enhance attractiveness to institutional investors [1][2][3][8]. Summary by Sections Reverse Stock Split Details - The reverse stock split will reduce the number of outstanding shares from approximately 1.16 billion to 116 million, with every ten shares converting into one [3]. - Fractional shares will not be issued; instead, stockholders will receive cash for any fractional shares [3]. - The split-adjusted shares will begin trading under the same symbol (TLRY) on December 2, 2025 [2]. Objectives of the Reverse Stock Split - Aligning the number of shares outstanding with companies of similar size and scope [8]. - Making Tilray more attractive to institutional shareholders [8]. - Reducing expenditures associated with the Annual Meeting of Stockholders, resulting in potential annual cost savings of up to $1 million [8]. Company Overview - Tilray Brands is a global lifestyle and consumer packaged goods company with operations in multiple regions, including Canada, the U.S., Europe, Australia, and Latin America [5]. - The company aims to be a leading premium lifestyle brand with a diverse portfolio of over 40 brands across more than 20 countries, focusing on cannabis, hemp-based foods, and craft beverages [5].

Core Insights - Tilray Brands, Inc. has launched Good Supply vape products in Québec, marking a significant step in the legal cannabis vaping market in the region [1][2] - The new vape products include 1 g 510-thread cartridges in two popular strains: Pineapple Express (Hybrid) and Blue Dream (Sativa), which are available for purchase both in-store and online [1][2] Company Overview - Tilray is a global lifestyle and consumer packaged goods company that operates in the cannabis, beverage, and wellness industries, with a mission to inspire joy and wellness through innovative products [5][6] - Good Supply is recognized as one of Canada's leading cannabis brands, known for its quality and affordability, and has achieved top rankings in flower, pre-rolls, vapes, and concentrates [3][5] Product Details - Good Supply cartridges are made with THC distillate and cannabis terpenes, ensuring compliance with provincial regulations for quality and safety [2] - The Pineapple Express strain features dominant terpenes myrcene, humulene, and linalool, while Blue Dream includes myrcene, linalool, and humulene [2]

Core Insights - Tilray Brands, Inc. has launched Good Supply vape products in Québec, marking a significant development in the legal cannabis vaping market in the province [1][2] - The introduction of these products is in full compliance with provincial regulations, ensuring that adult consumers have access to quality and regulated cannabis products [2] Product Details - Good Supply is offering 1 g 510-thread cartridges in two popular strains: Pineapple Express (Hybrid) and Blue Dream (Sativa) [1][2] - The cartridges are compatible with standard 510 batteries and can be purchased both in-store and online [1] - Pineapple Express features dominant terpenes myrcene, humulene, and linalool, while Blue Dream includes myrcene, linalool, and humulene [2] Brand Overview - Good Supply is recognized as one of Canada's leading cannabis brands, known for its top-selling flower, pre-rolls, vapes, and concentrates [3] - The brand focuses on delivering consistent quality at affordable prices, rooted in classic cannabis strains [3] Company Background - Tilray Brands, Inc. operates globally in the cannabis, beverage, and wellness industries, with a mission to be a leading premium lifestyle company [5] - The company supports over 40 brands across more than 20 countries, offering a wide range of cannabis products, hemp-based foods, and craft beverages [5][6]