Hot off the presses.Hello folks. I'm brand new here, and needed to create an account to just post this big development for Tilray holders. I'm not a shareholder, but for those that are, please continue reading. It seems, there have been some initial discussions among certain people, of implementing a possible reverse split, effective some time in the 1st half of 2025. With the possibility of this being announced in Q1 2025. Take this info for what it's worth to you.
What ii'm hearing is at least a 10/1 and If i'm not mistaken, this would be Tilray's very first consolidation since inception. The sector is a mess so no big surprises here, but i guess better that than filing Chapter 11 for holders. My best guess here, it would be better for investors to bail now rather than get caught in a messy RS. As they usually don't pan out too well in the end for retail investors.
Also, please don't ask for any more info, because i don't have anymore to give besides what i've already stated.