Tilray Brands, Inc. Updates on Compliance and Market Response

New York and Leamington, Ontario, August 14, 2025 – Tilray Brands, Inc. (NASDAQ: TLRY; TSX: TLRY) is actively exploring various strategies to meet NASDAQ’s listing standards regarding price per share. These include potential shareholder-approved reverse stock splits as a way to enhance its capital structure and ensure compliance with ongoing requirements.

Irwin Simon, the CEO of Tilray, expressed optimism about the recent trading activity. He noted, “Tilray’s trading levels have received significant attention lately, especially following President Trump’s discussions on cannabis rescheduling. This market reaction seems to indicate that investors are increasingly confident in our diverse global platforms and our ability to adapt to a more favorable regulatory landscape. We are encouraged that investors are starting to recognize the true value of our unique business offerings.”

About Tilray Brands

Tilray Brands, Inc. operates on a global scale, primarily in Canada, the U.S., Europe, Australia, and Latin America. The company positions itself as a leader in lifestyle and consumer packaging through sectors like cannabis, health, and entertainment. Its mission is to become a top-tier premium lifestyle brand known for innovative products that foster joy and create lasting memories. Tilray’s extensive platform currently supports over 40 brands across more than 20 countries, offering a wide range of cannabis products, hemp-based foods, and craft beverages.

Forward-Looking Statements

This communication includes forward-looking statements, which are not historical facts. These statements, as outlined in Section 21E of the Securities Exchange Act of 1934 and under the Canadian Securities Act, use terms like “predict,” “expect,” “believe,” and “will.” Various factors could cause actual results to differ significantly from these projections. It’s essential to consider that risks and uncertainties may arise that the company is not currently aware of. For a comprehensive discussion on risks, see Tilray’s Annual Information Form and the Annual Report on Form 10-K, which are accessible via SEC filings. The company is not obligated to update these statements unless required by law.