Tilray Eyes Reverse Stock Split As Nasdaq Listing Compliance Pressure Mounts
Tilray Brands, Inc. (NASDAQ:TLRY) shares slipped Thursday after the company said it is seeking more time from Nasdaq to restore compliance with the exchange’s continued listing rules tied to its per-share price.
The cannabis and consumer packaged goods firm also signaled it may pursue a shareholder-approved reverse stock split if needed to keep its listing intact.
Tilray has filed a request to extend the window to regain eligibility under Nasdaq standards and is evaluating several capital-structure options, including a potential reverse split, to ensure adherence.
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The move aims to protect its listing while the board…
