11:37:52 EDT Sat 01 Oct 2022
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Tilray Brands Inc
Symbol TLRY
Shares Issued 481,001,074
Close 2022-08-02 C$ 5.00
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Tilray's Fresh Hemp Foods signs U.S. distribution deal

2022-08-03 09:55 ET - News Release

Mr. Jared Simon reports


Fresh Hemp Foods Ltd., a part of Tilray Brands Inc.'s Tilray Wellness division, has signed a distribution agreement with Southern Glazer's Wine & Spirits, the pre-eminent distributor of wine and spirits. The distribution agreement will provide Tilray Wellness with direct access to Southern Glazer's distribution network, reaching consumers everywhere from local bars and restaurants to independent and national grocery chains and convenience stores.

Jared Simon, president of Tilray Wellness and Fresh Hemp Foods, said, "This agreement helps Tilray uniquely position itself to enter the multibillion-dollar adult beverage category with a non-alcoholic CBD [cannabidiol] beverage alternative for consumers who want to relax and unwind."

As the leading distributor of beverage alcohol and CBD beverages in the United States, Southern Glazer's will be the exclusive distribution partner for the Tilray Wellness CBD beverage portfolio across 13 states with additional opportunities to scale nationwide. This strategic agreement will allow Tilray Brands to develop a U.S. CBD beverage portfolio within familiar retail channels, which will transition the category out of the fringe and into the mainstream. Tilray is excited to tap into the industry's most knowledgeable CBD sales team and be part of its industry-leading Proof e-commerce platform so retailers have access to its CBD beverage portfolio 24 hours a day, seven days a week.

About Tilray Brands Inc.

Tilray Brands is a leading global cannabis lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia and Latin America that is changing people's lives for the better -- one person at a time. Tilray Brands delivers on this mission by inspiring and empowering the worldwide community to live their very best life and by providing access to products that meet the needs of their mind, body and soul while invoking well-being. Patients and consumers trust Tilray Brands to deliver a cultivated experience and health and well-being through high-quality, differentiated brands and innovative products. A pioneer in cannabis research, cultivation and distribution, Tilray's unprecedented production platform supports over 20 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods and craft beverages.

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