From GlobeNewswire: 2025-06-10 16:05:00

Tilray Brands, Inc. announced the passing of a vote for a reverse stock split of common stock at a ratio ranging from 1-to-10 to 1-to-20. The implementation of the reverse stock split is paused while exploring timing options. The split aims to ensure compliance with Nasdaq listing requirements, align shares outstanding, attract institutional shareholders, and save up to $1 million in annual costs. With a strong balance sheet, Tilray is positioned for strategic opportunities and acquisitions. In the last fiscal quarter, Tilray reduced total debt by $76 million and has a cash balance of approximately $250 million.

Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company operating in several countries, leading in cannabis, beverage, wellness, and entertainment. The company supports over 40 brands in over 20 countries, offering cannabis products, hemp-based foods, and craft beverages. The company’s mission is to be a leading premium lifestyle company inspiring joy and creating memorable experiences. Forward-looking statements include intentions, beliefs, projections, and expected benefits of the reverse stock split. Non-GAAP financial measures are provided, including cash and marketable securities, net debt, and Adjusted EBITDA.

For more information, visit Tilray.com and follow @Tilray on social platforms. Contacts for investor relations and media inquiries are available for further information.



Read more at GlobeNewswire: Tilray Brands’ Stockholders Approve Reverse Stock