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Stock impact report

Tilray Brands (TLRY) Cuts Float and Regains Nasdaq Compliance With Reverse Split [Yahoo! Finance]

Tilray Brands, Inc. - Class 2 (TLRY) 
Last tilray brands, inc. - class 2 earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Brands, Inc. (NASDAQ:TLRY) but reduced its price target to $10 from $25 for the cannabis and beverage company . According to TD Cowen analyst Robert Moskow, the adjustment takes into consideration Tilray's reverse 10-for-1 stock split, which went into effect on December 1. Photo by Richard T on Unsplash By implementing a reverse 10-for-1 stock split of its common shares, Tilray Brands, Inc. (NASDAQ:TLRY) was able to reduce its float to about 116 million, comply with Nasdaq's minimum bid-price regulations, and save some administrative expenses. With a selective 2025 holiday selection, Tilray Brands, Inc. (NASDAQ:TLRY) is simultaneously pushing aggressively into beverages and hemp-derived THC drinks, indicating its efforts to expand outside core cannabis in the face of changing customer preferences and regulations. In its updated valuation, TD Cowen assigned a 12x EV/EBITDA multiple to its projected EBITDA of $80 million for the next 12 months. Additionally, the firm cited “comp Show less Read more
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