Mr. Ryan Aspell reports

MONTAUK BREWING COMPANY ANNOUNCES NEW COLLABORATION WITH MORNING BREW INC.

Montauk Brewing Company, the coastal lifestyle brand by Tilray Brands Inc., known for bringing the spirit of Montauk to craft beer, today released The Morning Brew, a limited-edition light and refreshing blonde ale in collaboration with renowned media company, Morning Brew Inc.

Unlike many craft brews that feature coffee as an ingredient and, as a result, are darker and heavier like a stout, The Morning Brew is light and refreshing, like a cold brew coffee in the summer. Part of Montauk Brewing's Brew Barn Series, limited-edition and small-batch releases, The Morning Brew is a 5-per-cent ABV (alcohol blood volume) brew made for easy drinking and features coffee beans, pilsner malt, flaked oats, and cascade hops.

"We're huge fans of Morning Brew and the valuable work they put out each and every day," said Christopher DiOrio, brand manager at Montauk Brewing Company. "There's no better way to celebrate our new partnership than by releasing 'The Morning Brew' as part of our Brew Barn Series with flavours that truly embody our 'come as you are' mentality."

While the first batch of The Morning Brew is on tap now, the partnership will continue long past the summer months with Montauk Brewing's Brewathlon being featured on Morning Brew's social and digital platforms as a lead-up to the 2026 New York City Marathon.

"People come to us every day to read, listen, watch and generally make sense of the business world. But the truth is, at Morning Brew Inc. we do a lot more than wake people up," said Ryan Aspell, vice-president of brand strategy at Morning Brew. "This beer is a fun way to remind people that our brands are about a lot more than the AM hours, and that you can dig into the business of the world with a beer in hand just as easily as a cup of coffee. We're glad to see it on tap at the Brew Barn this month, and we're looking forward to what's next with Montauk Brewing this fall."

The Morning Brew will be available in four-packs and on tap at Montauk Brewing's iconic red Brew Barn in Montauk, N.Y. Join the company's friends and it from The Morning Brew for the official launch of this limited-edition beer at the Montauk Brew Barn on Aug. 15 from 1 p.m. to 4 p.m. Stop by and grab a pint and a slice from the company's neighbours at Fierro's Pizza and pick up some limited-edition merch.

About Montauk Brewing Company

Montauk Brewing, founded in 2012 by longtime friends, embraces the motto "come as you are," honouring adventure, surf culture, local community and the simple pleasures of coastal living. From its iconic red Brew Barn in downtown Montauk, located just steps from the surf, Montauk Brewing has grown from a hometown favourite into a lifestyle brand shaped by the people and places around it -- beach crews, local regulars, weekenders, artists, makers and everyone drawn to the open, unpretentious spirit of the East End.

Rooted in summer, community and the no-frills good life, Montauk Brewing invites consumers to chase their wave, pull up a stool, share a round and carry the feeling of Montauk wherever the season takes them.

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.