Tilray Brands Announces Reverse Stock Split Amid Market Volatility
Tilray Brands (TLRY) shares plummeted over 16% in after-hours trading following the company's confirmation of a 1-for-10 reverse stock split, effective December 1, 2025. The MOVE will reduce outstanding shares from 1.16 billion to 116 million, maintaining proportional ownership for shareholders. This decision, previously authorized at a June 10 special meeting, contrasts with the stock's 5% gain earlier in the day on reports of potential CBD coverage for Medicare patients.
The cannabis producer's abrupt reversal highlights the market's sensitivity to structural changes, even as broader sector tailwinds emerge. Tilray's dual focus on cannabis and hemp-based consumer goods positions it at the intersection of regulatory evolution and retail investor sentiment.
