Mr. Ty Gilmore reports

JUST IN TIME FOR SUMMER, SWEETWATER BREWING INTRODUCES COLORADO ORANGE CITRUS ALE, A REFRESHING NEW BEER CRAFTED EXCLUSIVELY FOR THE HIGH COUNTRY

SweetWater Brewing Company, a subsidiary of Tilray Brands Inc. and the ninth-largest craft brewer in the United States, has released its new Colorado Orange Citrus Ale, a refreshing, easy-drinking wheat beer crafted for the high country. Brewed in Fort Collins with locally sourced and harvested ingredients, SweetWater Orange is available year-round exclusively in Colorado.

SweetWater Orange is brewed with Centennial hops and high-quality local wheat and craft malt from the Root Shoot Malting family farm in Loveland, Colo. It is also infused with natural orange flavour for an especially easy-drinking experience. At 4.6 per cent alcohol by volume, Orange is the perfect companion while floating local rivers, camping in the mountains or enjoying an outdoor concert.

"We're excited to introduce our latest craft beer innovation during American Craft Beer Week," said Ty Gilmore, president, U.S. beer, at Tilray Brands. "Colorado Orange Citrus Ale is tailor-made for Colorado at our Fort Collins brewery and it's the perfect companion for SweetWater fans this summer."

The new Orange Citrus Ale is now flowing at SweetWater's flagship taproom in Fort Collins, Colo., and is also available in 12-ounce cans and six-packs at select Denver and Fort Collins retailers, including Argonaut, Mollys, Total Wine, Supermarket Liquors, Wilbur's Total Beverage and Fish's Liquormart, as well as restaurants and bars, including Denver Milk Market, Icehouse, Park & Co., Walters Pizza, The Mayor of Old Town, Ginger and Baker, Brothers, and more.

About SweetWater Brewing Company

One of Atlanta's original craft breweries, founded 26 years ago, SweetWater Brewing is now the ninth-largest craft brewer in the United States. With two flagship breweries in Atlanta, Ga., and Fort Collins, Colo., SweetWater's award-winning craft beers and ready-to-drink cocktails are available coast-to-coast and in more states than ever before. Inspired by the outdoors, SweetWater is a passionate advocate for healthy waterways and conservation initiatives. Through its annual Save Our Water campaign, SweetWater continues to raise funds to support non-profit organizations fighting for clean water and habitat conservation, including the Waterkeeper Alliance, Bonefish & Tarpon Trust, and Trout Unlimited.

About Tilray Brands Inc.

Tilray Brands Inc. 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 -- by inspiring and empowering a worldwide community to live their very best life, enhanced by moments of connection and well-being. Tilray's mission is to be the most responsible, trusted and market-leading cannabis and consumer products company in the world with a portfolio of innovative, high-quality and beloved brands that address the needs of the consumers, customers and patients the company serves. 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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