Tilray slashes shares by 90% in bold reverse stock split move
Tilray Brands, Inc. has announced a significant change to its stock structure. The company will execute a one-for-ten reverse stock split, reducing its outstanding shares from approximately 1.16 billion to 116 million. This news takes effect on December 1, 2025, with trading resuming the following day under a new CUSIP number.
The reverse stock split was officially declared on November 26, 2025. Shareholders will have their positions automatically adjusted if held through a broker or financial institution. Those owning fractional shares will receive cash instead of partial news.
The adjustment decreases Tilray’s total shares by 90%. Existing investors will retain proportional ownership, though fractional shares convert to cash. The new share count and CUSIP number will apply when markets reopen on December 2.
