Ms. Denise Faltischek reports

TILRAY'S APHRIA RX RECEIVES CANNABIS TRADING LICENSE IN GERMANY, SIGNIFICANTLY EXPANDING COMMERCIAL GROWTH OPPORTUNITIES

Tilray Brands Inc.'s Aphria RX GmbH has received a trading licence, which will allow it to sell and distribute a broad range of medical cannabis products to pharmacies, hospitals and medical wholesalers throughout Germany.

"This milestone of Aphria RX obtaining both its new cultivation licence as well as its trading licence further expands Tilray's leadership in medical cannabis research, cultivation, production and distribution in Germany, and once again proves our commitment to be one of the most responsible, trusted and market-leading cannabis companies in the world with a portfolio of innovative and high-quality products that address the needs of patients. We remain dedicated to advocating for responsible cannabis regulations, education and research, and accessibility to high-quality medical cannabis," said Denise Faltischek, chief strategy officer and head of international at Tilray.

With both cannabis cultivation and trade licences, Tilray is now in a strong position to fully leverage the growing market opportunity in Germany, further expanding Tilray's position as a global leader in cannabis research, cultivation, production and distribution.

As a leading and trusted medical cannabis company, Tilray strongly believes that these developments will have a positive impact on the health and well-being of patients in Germany. Tilray is committed to working with the German government and all stakeholders to promote improved access to medical cannabis, optimize care for patients and advance the science of cannabis.

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 -- by inspiring and empowering the worldwide community to live their very best lives, enhanced by moments of connection and well-being. Tilray's mission is to be the most responsible, trusted and market-leading cannabis 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 it 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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