Tilray Brands' Stockholders Approve Reverse Stock Split; Company Pauses Implementation as It Evaluates Timing and Stock Price
1. Tilray plans a reverse stock split of 1-to-10 to 1-to-20. 2. Implementation of the split is paused for further evaluation. 3. Strong balance sheet enables strategic acquisitions post-split. 4. Tilray reduced total debt by $76 million last quarter. 5. Company aims to attract institutional investors and save costs.