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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Tilray Eyes Reverse Stock Split As Nasdaq Listing Compliance Pressure Mounts

Tilray Company

Tilray Brands, Inc. (NASDAQ:TLRY) shares slipped Thursday after the company said it is seeking more time from Nasdaq to restore compliance with the exchange’s continued listing rules tied to its per-share price.

The cannabis and consumer packaged goods firm also signaled it may pursue a shareholder-approved reverse stock split if needed to keep its listing intact.

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