The common stock will start trading based on the adjusted split on December 2, 2025.
NEW YORK, Nov. 26, 2025 — Tilray Brands, Inc. (Nasdaq: TLRY, TSX: TLRY), a major player in the global cannabis, beverage, and wellness markets, has announced a 10-for-1 reverse stock split. This decision was approved at a special meeting on June 10, 2025.
The effective date for this reverse stock split is set for 4:01 p.m. Eastern time on December 1, 2025, with trading on a split-adjusted basis commencing on December 2, 2025, under the same trading symbol (TLRY). The new CUSIP number will be 88688T209.
At the June 10 gathering, stockholders endorsed a change to the Company’s Fifth Amended Articles of Incorporation that allows for a reverse split in a range of 10-1 to 20-1, as determined by the Board of Directors.
The goals of this reverse stock split include:
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Aligning the number of outstanding shares with similar companies.
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Enhancing Tilray’s appeal to institutional investors.
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Cutting annual shareholder meeting expenses, potentially saving up to $1 million yearly.
As of the effective date, every 10 shares will consolidate into one, dropping the outstanding shares from about 1.16 billion to 116 million. Fractional shares won’t be given; instead, shareholders will receive cash for any fractions resulting from the split. Generally, this won’t impact a shareholder’s ownership percentage except in cases of fractional shares.
Pacific Stock Transfer will manage the reverse stock split payments and will issue updated statements to shareholders regarding their stock holdings post-split. Those who own shares through brokers or similar entities will see their holdings adjusted automatically without needing to take any steps themselves.
