Tilray seeks extension to meet Nasdaq requirements

Mr. Irwin Simon reports TILRAY BRANDS RECONFIRMS STRATEGY TO REGAIN NASDAQ COMPLIANCE; REQUESTS EXTENSION TO MEET LISTING REQUIREMENTS Tilray Brands Inc. has submitted an application requesting an extension to regain compliance with Nasdaq Stock Market's listing standards regarding its price per share. The company is evaluating several options, including, but not limited to, a stockholder-approved reverse stock split to address capital structure and maintain adherence to Nasdaq's continued listing requirements. Irwin Simon, chief executive officer, Tilray Brands, stated: "Tilray's trading levels have appreciated in recent weeks following President Trump's review of cannabis reschedulling. We believe this market reaction reflects investors' confidence in Tilray's diversified global platform and our ability to capitalize on a more favourable regulatory environment. Tilray is a leader in cannabis, beverage and wellness, and our growth potential extends beyond any single regulatory change. We are pleased to see investors more accurately recognizing the intrinsic value of our differentiated business portfolio. Tilray has multiple options to meet Nasdaq's requirements and, with this extension request, we are giving the market additional time to demonstrate its confidence in our long-term strategy. We are building the future of consumer goods at Tilray, creating value for our customers, patients and shareholders through a commitment to innovation at global scale." About Tilray Brands Inc. Tilray Brands is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness and entertainment, elevating lives through moments of connection. Tilray's mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy and create memorable experiences. Tilray's unprecedented platform supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods and craft beverages. We seek Safe Harbor.