Tilray Brands Seeks Nasdaq Compliance Extension and Considers Reverse Stock Split

Tilray Brands has applied for an extension to regain Nasdaq compliance and is considering options like a reverse stock split to meet listing standards. CEO Irwin Simon stated that the company has multiple options to meet Nasdaq's requirements.

Tilray Brands, Inc. (TLRY) has submitted an application requesting an extension to regain compliance with Nasdaq’s listing standards regarding its price per share. The company is evaluating several options, including a stockholder-approved Reverse Stock Split, to address its capital structure and maintain adherence to Nasdaq’s continued listing requirements [1][2].

The move comes as Tilray’s trading levels have appreciated in recent weeks following President Trump’s review of cannabis rescheduling. CEO Irwin Simon stated, “Tilray’s trading levels have appreciated in recent weeks following President Trump’s review of cannabis rescheduling. We believe this market reaction reflects investors’ confidence in Tilray’s diversified global platform and our ability to capitalize on a more favorable regulatory environment. Tilray is a leader in cannabis, beverage, and wellness, and our growth potential extends beyond any single regulatory change” [1][2].

Tilray has filed a request to extend the window to regain eligibility under Nasdaq standards and is evaluating several capital-structure options, including a potential reverse stock split. The extension request provides additional time for the market to demonstrate confidence in the company’s long-term strategy [3].

Forward-looking statements include statements regarding the timing, ratio, and completion of the Reverse Stock Split and expected strategic benefits and cost savings. Many factors could cause actual results, performance, or achievement to differ materially from those expressed in the forward-looking statements [1][2].

References:
[1] https://finance.yahoo.com/news/tilray-brands-reconfirms-strategy-regain-110000209.html
[2] https://www.globenewswire.com/news-release/2025/08/14/3133306/0/en/Tilray-Brands-Reconfirms-Strategy-to-Regain-Nasdaq-Compliance-Requests-Extension-to-Meet-Listing-Requirements.html
[3] https://finance.yahoo.com/news/tilray-eyes-reverse-stock-split-162846663.html