Tilray Brands Announces Proposed Reverse Stock Split and Corresponding Special Meeting of Stockholders

Core Viewpoint - Tilray Brands, Inc. is planning a reverse stock split to align its share price with industry standards and comply with Nasdaq listing requirements, aiming to stabilize trading levels and attract institutional investors [2][3]. Financial Structure - As of February 28, 2025, Tilray has reduced its total debt by approximately $76 million, resulting in a net debt to trailing twelve-months Adjusted EBITDA ratio of less than 1.0x [4]. - The company holds over$248 million in cash and marketable securities, providing financial strength and flexibility for strategic opportunities and acquisitions [4]. Special Meeting Details - A special meeting of stockholders is scheduled for June 10, 2025, to vote on the proposed reverse stock split, which will be conducted via live audio webcast [1][2]. - The exact ratio for the reverse stock split will be determined by the Board of Directors, ranging from 1-to-10 to 1-to-20 [2]. Cost Savings - The reverse stock split is expected to decrease the company's cost structure by over $1 million annually and reduce expenditures related to the Annual Meeting of Stockholders [3]. Company Overview - Tilray Brands operates globally in the lifestyle and consumer packaged goods sectors, focusing on cannabis, beverages, and wellness, with a mission to inspire joy through innovative products [6]. - The company supports over 40 brands across more than 20 countries, including cannabis offerings, hemp-based foods, and craft beverages [6].