The Toronto Stock Exchange reports that Tilray Brands Inc. has rolled back its common shares on a one-new-for-10-old basis, effective at the open on Dec. 2, 2025. According to the TSX, the company will continue trading under the symbol TLRY. The new Cusip number is 88688T 20 9.

The TSX notes that no fractional shares will be issued in connection with the consolidation. Instead, shareholders will be entitled to a cash payment at a price equal to the fraction of postconsolidated shares to which the shareholder would otherwise be entitled multiplied by the closing price of the shares, as reported by the Nasdaq Global Select Market or Toronto Stock Exchange, as applicable, on the last trading day prior to the effective date of the stock consolidation. To receive the consideration, shareholders must return the letter of transmittal together with share certificates to Odyssey Trust Company at its principal offices in Toronto.

The TSX has been advised that the shares will begin trading on a postconsolidated basis on the Nasdaq Global Select Market at the open on Dec. 2, 2025.