Tilray proposes reverse stock split (1:10 to 1:20) at special meeting June 10, 2025

Tilray Brands, Inc.

Special meeting of stockholders set for June 10, 2025 to vote on reverse stock split.
Reverse split ratio range 1-for-10 to 1-for-20, exact ratio set by Board of Directors.
Purpose: comply with Nasdaq continued listing requirements and attract institutional investors.
Expected cost savings of over $1 million annual run rate from the reverse split.
Debt reduced ~$76M in FY2025; net debt to TTM Adj. EBITDA <1.0x; cash >$248M.

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