Tilray & Flora Growth Target Stock Consolidation as Values Continue Decline, Chill Brands Raises £1m From Major Shareholder
Tilray
The international cannabis giant has announced plans to issue a ‘reverse stock split’, an increasingly common tool in the cannabis industry to artificially inflate stock prices.
Tilray made history in 2018 by becoming the first cannabis company to launch an Initial Public Offering (IPO) on the NASDAQ, but is now under threat of being delisted as its stock continues to trend downwards.
Its listing was especially significant for the Canadian company and the industry at large, as the US remains an especially difficult market for companies to trade in, given its stringent federal restrictions on cannabis.
Despite this milestone, these restrictions have also limited the company’s access to capital…
