Tilray Wellness Announces U.S. Distribution Agreement with Southern Glazer’s Wine & Spirits for CBD Beverages
August 03 2022 - 7:00AM
Tilray Brands, Inc. ("Tilray" or the "Company") (Nasdaq: TLRY; TSX:
TLRY), a leading global cannabis-lifestyle and consumer packaged
goods company inspiring and empowering the worldwide community to
live their very best life, today announced that Fresh Hemp Foods,
Ltd., a part of the Company’s Tilray Wellness division, has signed
a distribution agreement with Southern Glazer’s Wine & Spirits
(“Southern Glazer’s”), the preeminent distributor of wine and
spirits. The distribution agreement will provide Tilray Wellness
with direct access to Southern Glazer’s distribution network
reaching consumers everywhere from local bars and restaurants to
independent and national grocery chains and convenience stores.
Jared Simon, President, of Tilray Wellness and
Fresh Hemp Foods, said, “This agreement helps Tilray uniquely
position itself to enter the multi-billion-dollar adult beverage
category with a non-alcoholic, CBD beverage alternative, for
consumers who want to relax and unwind.”
As the leading distributor of beverage alcohol
and CBD beverages in the U.S., Southern Glazer’s will be the
exclusive distribution partner for the Tilray Wellness CBD beverage
portfolio across 13 states with additional opportunities to scale
nationwide. This strategic agreement will allow Tilray Brands to
develop a U.S. CBD beverage portfolio within familiar retail
channels, which will transition the category out of the fringe and
into the mainstream. Tilray is excited to tap into the industry’s
most knowledgeable CBD sales team and be part of their
industry-leading Proof® e-commerce platform so retailers have
access to its CBD Beverage portfolio 24/7.
About Tilray BrandsTilray
Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), is a leading global
cannabis lifestyle and consumer packaged goods company with
operations in Canada, the United States, Europe, Australia, and
Latin America that is changing people's lives for the better – one
person at a time. Tilray Brands delivers on this mission by
inspiring and empowering the worldwide community to live their very
best life and by providing access to products that meet the needs
of their mind, body, and soul while invoking wellbeing. Patients
and consumers trust Tilray Brands to deliver a cultivated
experience and health and wellbeing through high-quality,
differentiated brands and innovative products. A pioneer in
cannabis research, cultivation, and distribution, Tilray’s
unprecedented production platform supports over 20 brands in over
20 countries, including comprehensive cannabis offerings,
hemp-based foods, and craft beverages.
For more information on how we open a world of
wellbeing, visit www.Tilray.com and follow @tilray on all social
platforms.
Forward-Looking
StatementsCertain statements in this communication that
are not historical facts constitute 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, that are intended
to be subject to the “safe harbor” created by those sections and
other applicable laws. Forward-looking statements can be identified
by words such as “forecast,” “future,” “should,” “could,” “enable,”
“potential,” “contemplate,” “believe,” “anticipate,” “estimate,”
“plan,” “expect,” “intend,” “may,” “project,” “will,” “would” and
the negative of these terms or similar expressions, although not
all forward-looking statements contain these identifying words.
Certain material factors, estimates, goals, projections, or
assumptions were used in drawing the conclusions contained in the
forward-looking statements throughout this communication.
Forward-looking statements include statements regarding our
intentions, beliefs, projections, outlook, analyses, or current
expectations concerning, among other things: expectations regarding
the performance and scale of the Company, including Tilray Medical;
and the Company’s ability to expand its offering to patients
worldwide, including via Tilray Medical. Many factors could cause
actual results, performance, or achievement to be materially
different from any forward-looking statements, and other risks and
uncertainties not presently known to the Company or that the
Company deems immaterial could also cause actual results or events
to differ materially from those expressed in the forward-looking
statements contained herein. For a more detailed discussion of
these risks and other factors, see the most recently filed annual
information form of Tilray and the Annual Report on Form 10-K (and
other periodic reports filed with the SEC) of Tilray made with the
SEC and available on EDGAR. The forward-looking statements included
in this communication are made as of the date of this communication
and the Company does not undertake any obligation to publicly
update such forward-looking statements to reflect new information,
subsequent events, or otherwise unless required by applicable
securities laws.
For further information:
MediaBerrin Nooratanews@tilray.com
InvestorsRaphael
Gross203-682-8253Raphael.Gross@icrinc.com
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