08:11 AM EDT, 08/14/2025 (MT Newswires) -- Tilray Brands ( TLRY ) on Thursday said it has submitted an application requesting an extension to regain compliance with Nasdaq's listing standards regarding its price per share.

The company is evaluating several options including a reverse stock split to address capital structure and maintain adherence to Nasdaq's continued listing requirements.

"Tilray's trading levels have appreciated in recent weeks following President Trump's review of cannabis rescheduling. We believe this market reaction reflects investors' confidence in Tilray's diversified global platform and our ability to capitalize on a more favorable regulatory environment," said Chief Executive Irwin Simon.

Tilray shares are up US$0.01, to US$1.26, in U.S. pre-market trade.