tiprankstipranks
Adastra Holdings Announces Major Share Consolidation
Company Announcements

Adastra Holdings Announces Major Share Consolidation

Story Highlights

Adastra Labs Holdings Ltd. (TSE:XTRX) has released an update.

Don't Miss our Black Friday Offers:

Adastra Holdings Ltd., a leading cannabis processor, is set to undergo a significant reduction in its number of shares through a 10:1 share consolidation, pending approval from the Canadian Securities Exchange. This restructuring will decrease the total common shares from nearly 56 million to approximately 5.6 million, with adjustments to outstanding options and no fractional shares issued. The company’s shares are expected to trade under the existing symbol ‘XTRX’ after the consolidation.

For further insights into TSE:XTRX stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskAdastra Holdings Announces Executive Resignation
TipRanks Canadian Auto-Generated NewsdeskAdastra Labs to End SEC Reporting Obligations
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App