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Cannabis company Tilray Brands proposes a reverse stock split

  • Tilray Brands Inc. Is proposing a reverse stock split for its shares to align with other companies of similar size and scope and improve share price.
  • The proposed plan includes a reverse split at a ratio ranging from 1-to-10 to 1-to-20, subject to shareholder approval on June 10.
  • Irwin Simon, Tilray's chairman and chief executive, stated that a higher price per share would ensure compliance with Nasdaq's listing requirements.
  • Tilray shares closed at 66 cents, down a penny on the Toronto Stock Exchange.
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Cannabis company Tilray Brands proposes a reverse stock split

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 ensu...

·Kelowna, Canada
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tickerreport.com broke the news in on Tuesday, April 15, 2025.
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