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NEW YORK and LEAMINGTON, Ontario - Tilray Brands, Inc. (NASDAQ:TLRY; TSX:TLRY), a global lifestyle and consumer packaged goods company trading at $0.48 per share, announced today that it will hold a special meeting of stockholders on June 10, 2025. According to InvestingPro data, the stock has experienced significant volatility, declining over 70% in the past year, making this corporate action particularly noteworthy for investors. The meeting, to be conducted via live audio webcast, will seek shareholder approval for a reverse stock split of the company’s common stock in a ratio between 1-to-10 and 1-to-20, as determined by the Board of Directors.
The reverse stock split aims to align the number of shares outstanding with similar-sized companies and maintain compliance with Nasdaq’s continued listing requirements. Irwin D. Simon, Chairman and CEO of Tilray, stated that the adjustment would likely contribute to stabilizing trading levels, attracting institutional shareholders, and reducing annual costs by over $1 million.
Tilray has made significant strides in its financial structure, reducing total debt by approximately $76 million during the fiscal year 2025, leading to a net debt to trailing twelve-months Adjusted EBITDA ratio of less than 1.0x. As of February 28, 2025, the company reported a cash and marketable securities balance exceeding $248 million, positioning it for strategic opportunities and acquisitions. InvestingPro analysis shows the company maintains a healthy current ratio of 2.62, indicating strong liquidity, though it’s worth noting the company is currently burning through cash rapidly. Get access to 12 more exclusive InvestingPro Tips and comprehensive financial analysis through the Pro Research Report.
The reverse stock split is also expected to result in cost savings by decreasing expenditures associated with the company’s annual stockholders’ meeting. Details on participating in the Special Meeting can be found in the definitive proxy statement available on Tilray’s website.
Tilray operates across Canada, the United States, Europe, Australia, and Latin America, supporting over 40 brands in more than 20 countries. The company focuses on cannabis, hemp-based foods, and craft beverages and aims to be a premium lifestyle company that inspires joy and creates memorable experiences. With revenue of $826.66 million in the last twelve months and analysts forecasting sales growth, InvestingPro data suggests the company could return to profitability this year, despite current challenges.
This announcement is based on a press release statement from Tilray Brands, Inc. and contains forward-looking statements regarding the timing, ratio, completion, and expected benefits of the reverse stock split. These statements are subject to risks and uncertainties, and actual results may differ materially. Investors are advised to refer to the latest filings by Tilray with the SEC for a more detailed discussion of these risks and other factors.
In other recent news, Tilray Inc. reported its third-quarter 2025 financial results, revealing a significant revenue miss and a larger-than-expected net loss. The company’s earnings per share came in at -$0.87, far below the forecasted -$0.0433, while revenue was $185.78 million against an anticipated $213.56 million. Tilray revised its fiscal 2025 revenue guidance to a range of $850-900 million, focusing on expanding its international medical cannabis markets and enhancing its beverage and wellness portfolios. Jefferies analyst Kaumil Gajrawala adjusted the price target for Tilray shares to $1.50 from the previous $2.50 but maintained a Buy rating, citing the company’s strategic focus on profitability over immediate revenue growth. Despite the challenges, Tilray’s gross profit increased by 5% to $52 million, and its gross margin improved by 200 basis points to 28%. The company continues to explore innovative strategies, including the use of cryptocurrency payments and AI in greenhouse operations. The emphasis on a solid balance sheet and cash flow from its beverage business is expected to support Tilray’s growth trajectory moving forward.
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