Tilray Medical Receives Italy’s Ministry of Health’s First Authorization to Distribute Medical Cannabis Flower

*SAVONA, Italy —* Tilray Medical, a division of Tilray Brands Inc., through
its wholly-owned subsidiary, FL Group, became the first company in Italy to
receive official authorization from the Ministero della Salute (Italian
Ministry of Health) to import and distribute proprietary Tilray
Medical-branded medical cannabis flower for therapeutic use.

Beginning in June, the following Tilray Medical products are approved for
therapeutic use in Italy and available for distribution through pharmacies:

Tilray THC 25%

Tilray THC 18%

Tilray THC 9% / CBD 9%

Denise Faltischek, Chief Strategy Officer and Head of International at
Tilray Brands, stated, “This milestone underscores the vital role of
medical cannabis as a therapeutic medicine for patients in need, supporting
their health and well-being. We are proud to expand our medical cannabis
portfolio in Italy with the introduction of our Tilray Medical
high-quality, EU-GMP certified medical cannabis products that uphold the
highest standards in patient care. We extend our gratitude to the Ministero
della Salute for their trust in Tilray Medical and for providing the
necessary regulatory framework to ensure access to safe, consistent and
reliable cannabinoid-based therapies. Together, we are advancing healthcare
and patient wellness through innovation and collaboration.”

Tilray has operations in Germany, Italy, Portugal, Poland and the United
Kingdom, offering a broad portfolio of EU-GMP certified medical cannabis
products.
About Tilray Medical

Tilray Medical is dedicated to transforming lives and fostering dignity for
patients in need through safe and reliable access to a global portfolio of
medical cannabis brands, including Tilray Medical, Broken Coast, Redecan,
Good Supply and Navcora. Tilray Medical grew from being one of the first
companies to become an approved licensed producer of medical cannabis
in Canada to building the first EU-GMP certified cannabis production
facilities in Portugal and Germany. Today, Tilray Medical is a leading
supplier of medical cannabis with a portfolio of brands and products
designed to meet the needs of our patients worldwide.
About Tilray Brands

Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), is a leading
global lifestyle and consumer packaged goods company with operations
in Canada, the United States, Europe, Australia, New Zealand 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.