Tilray’s stock has been below $1 for months. Here’s how it plans to fix that. - MarketWatch
1. Tilray plans a reverse stock split up to 20-for-1 to boost share price. 2. Stock hasn't exceeded $1 since February; currently at 48 cents. 3. Reverse split aims to ensure compliance with Nasdaq listing requirements. 4. Institutional investors remain sidelined due to cannabis legal status. 5. Tilray retains strong cash position with reduced debts of $76 million.