Tilray Brands' Stockholders Approve Reverse Stock Split At Ratio Ranging From 1-To-10 To 1-To-20; Pauses Implementation While Exploring All Options Related To Timing And Stock Price

If implemented, the Reverse Stock Split is expected to achieve several objectives, including:

• Ensuring compliance with the Nasdaq Global Select Market's continued listing requirements
• Aligning the Company's number of shares outstanding with companies of its size and scope
• Making Tilray more attractive to institutional shareholders
  • Reducing expenditures associated with Tilray's Annual Meeting of Stockholders resulting in up to $1 million in cost savings on an annual run rate basis