Tilray Shares Plunge Ahead of Critical Reverse Stock Split

Friday’s trading session delivered a severe blow to Tilray investors as the company’s stock experienced a dramatic sell-off. Shares collapsed by approximately 21%, closing just above the $0.81 mark. This steep decline occurred immediately before the implementation of a significant corporate action that the company is now finalizing, prompting investors to execute a last-minute exit strategy.

The primary catalyst for this extreme volatility is the confirmed 1-for-10 reverse stock split, scheduled to become legally effective on December 1, 2025, at 4:01 PM Eastern Time. Management justifies this drastic measure as necessary to comply with Nasdaq listing requirements, which mandate a minimum bid price of $1.00 per share. Without this artificial price elevation, Tilray faced imminent delisting Read more...