Tilray Brands Announces Implementation of Previously Approved 1-for-10 Reverse Stock Split

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].