Overview
- The reverse split takes effect at 4:01 p.m. ET on December 1, with split-adjusted trading starting December 2 under the TLRY ticker and new CUSIP 88688T209.
- Every 10 shares will consolidate into 1, cutting outstanding shares from about 1.16 billion to roughly 116 million, with proportional ownership unchanged except for fractional cash-outs.
- Pacific Stock Transfer will act as paying agent, brokerage systems will adjust positions automatically, and most shareholders do not need to take any action.
- Shareholders authorized a reverse split range of 1-for-10 to 1-for-20 in June 2025, and the board selected the 1-for-10 ratio.
- TLRY fell more than 16% in after-hours trading following the announcement, with market commentary noting likely short-term volatility and a reported Moderate Buy consensus with an average $1.95 price target.