March 30, 2021
Dear Stockholder:
You should have recently received the proxy
statement of Tilray, Inc. (Tilray) wherein your support is requested for, among other matters, the proposal to increase the authorized capital stock of Tilray (Tilray Charter Amendment Proposal) and the proposal to issue
Tilray Class 2 common stock (Tilray Shares) to Aphria Shareholders pursuant to the arrangement agreement dated December 15, 2020 (Tilray Share Issuance Proposal), as detailed in the proxy statement. We urge you to
support each of the proposals to be voted upon at the special meeting of stockholders to be held on April 16, 2021 (Tilray Special Meeting). As of the date of this letter, your shares of Tilray remain unvoted.
The Tilray Board of Directors unanimously recommends that stockholders vote
FOR each of the proposals being submitted to a vote at the Tilray Special Meeting.
Please Vote Your Tilray Shares Today!
Regardless of the
number of shares you own, your vote is very important. We encourage all stockholders to have their voices heard. The approval of the Tilray Charter Amendment Proposal requires the affirmative vote of the holders of a majority of the Tilray Shares
outstanding and entitled to vote on the Tilray Charter Amendment Proposal. The approval of the Tilray Share Issuance Proposal requires the affirmative vote of a majority of votes cast at the Tilray Special Meeting on the Tilray Share Issuance
Proposal. An abstention will have the same effect as a vote against the Tilray Charter Amendment Proposal and the Tilray Share Issuance Proposal.
There
are three ways to vote your shares of Tilray- each only taking a few moments:
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By Telephone Stockholders in the United States can submit their vote by calling the toll-free number
indicated on the enclosed vote instruction form; please have your control number located on the enclosed vote instruction form available when calling;
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By Internet Stockholders can submit their vote via internet at www.proxyvote.com; please have the
control number located on the enclosed vote instruction form available; or
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By Mail Stockholders can vote by mail by signing, dating and returning the enclosed vote instruction form
in the postage-paid envelope provided.
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To be valid, your vote by telephone or internet must be received by 11:59 p.m. (Eastern Time) on
April 15, 2021, the day preceding the Tilray Special Meeting.
If you need assistance in voting your shares or have questions regarding the Tilray
Special Meeting, please contact Tilrays proxy solicitor, MacKenzie Partners, Inc., at (800) 322-2885 (toll-free) or (212) 929-5500 (collect), or email at
proxy@mackenziepartners.com.
We thank you for your continued support of Tilray.
Sincerely,
Tilray, Inc.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information in this communication constitutes forward-looking information or forward-looking statements (together, forward-looking
statements) under Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended,