MONTAUK BREWING COMPANY ANNOUNCES SUMMER PARTNERSHIP WITH BELMONT PARK AND SARATOGA RACE COURSE IN NEW YORK

The Popular New York Brewery Opens Montauk Brew Barn and Launches its Iconic Craft Brews at New York’s Most Popular Racing Venues

 

NEW YORK, NY — June 7, 2023 — Montauk Brewing Company (“Montauk Brewing” or “Montauk”), the #1 and fastest-selling craft brewer in Metro New York according to Nielson data[1] known for its exceptional craft beers and a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), today announced a partnership with both Belmont Park for the 2023 Belmont Stakes Racing Festival, and Saratoga Race Course – the most popular racing meet in North America – for the 2023 racing season. Montauk will have branded spaces within Belmont Park and Saratoga Race Course to feature several of their top-selling craft beers to thousands of fans. The Montauk Brew Barn at Belmont Park and Saratoga Race Course will build off the brand’s original Brew Barn space in the heart of Montauk, New York.

Following the success of Montauk’s Brew Barn at Citi Field, Montauk intends on building the Brew Barn name for new experiential opportunities for fans. Montauk’s brews are now available at the Montauk Brew Barn, on the third floor of Belmont Park during the Belmont Stakes Racing Festival, June 8-10, and at Belmont Park through the conclusion of the spring and summer meet on July 9, 2023. At the Saratoga Race Course and in partnership with local distributor, Saratoga Eagle, Montauk will be featured in the backyard and within the Taste NY Pavilion, reserved exclusively for New York producers, among various on-track locations. The summer racing season in Saratoga Springs, NY, goes underway on July 13 and runs through Labor Day.

“As a New York brand, the partnerships with Belmont Park and Saratoga Race Course are that much more exciting for us,” said Ty Gilmore, president of U.S. Beer at Tilray. “We invite both Montauk fans and future Montauk fans to come as they are and enjoy their favorite beers at some of their favorite summer events.”

Montauk Brewing is also the presenting sponsor of Toast, a craft beer festival featuring 15 New York craft breweries, held on Belmont Stakes Day, Saturday, June 10. This year will mark the 155th running of the Belmont Stakes, the third leg of horse racing’s Triple Crown, and the 50th anniversary of Secretariat’s legendary performance.

“Nothing says summer in New York like sipping on a cold Montauk brew during race day at Belmont Park and Saratoga Race Course,” said Gilmore. “These storied venues are rich in horse racing history and are so important to the regional culture here in New York. Montauk is grateful to be a part of that history."

Belmont Park, situated at 2150 Hempstead Turnpike, Elmont, NY, celebrates world class racing and entertainment and has provided fans with some of the most exciting moments in sports history. From Secretariat’s spellbinding 31-length victory in 1973 to American Pharoah successfully ending a 37-year Triple Crown drought in 2015, the Belmont Stakes is engrained in the consciousness of sports fans around the world. Additionally, Saratoga Race Course, located at 267 Union Ave, Saratoga Springs, NY, draws nearly 1.1 million fans to the venue every year during its 40-day season where Montauk craft brews will be available throughout.

About Montauk Brewing Company

Montauk Brewing Company (“Montauk Brewing”), founded in 2012 by longtime friends, embraces the motto “Come as You Are,” honoring adventure and passion for the simple pleasures in life. Today, the beloved brand is the #1 fastest selling Craft Brewery in Metro New York according to Nielson data and is a subsidiary of Tilray Brands (Nasdaq: TLRY; TSX: TLRY).

Montauk Brewing invites you to visit their red Brew Barn in downtown Montauk, open year-round for fresh beer needs, located just steps from the surf – right where it belongs.

Montauk Brewing is a subsidiary of Tilray Brands, Inc. (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.   

For further information about Montauk Brewing Company, please visit www.montaukbrewingco.com and follow @montaukbrewco across all social platforms.

About Tilray Brands

Tilray 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 – by inspiring and empowering a worldwide community to live their very best life, enhanced by moments of connection and wellbeing. Tilray’s mission is to be the most responsible, trusted, and market-leading cannabis and consumer products company in the world with a portfolio of innovative, high-quality, and beloved brands that address the needs of the consumers, customers, and patients we serve. 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 well-being, visit www.Tilray.com and follow @tilray on all social platforms.

Forward-Looking Statements

Certain statements in this communication that are not historical facts constitute forward-looking information or forward-looking statements (together, “forward-looking statements”) under Canadian and U.S. 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.  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:

SweetWater Brewing Company Media:

Chris Hong, christopher.hong@rygr.us, (970) 924 - 0704 ext. 2103,

Tilray Brands Media: Berrin Noorata, news@tilray.com

Tilray Brands Investors: Raphael Gross, (203) 682-8253, Raphael.Gross@icrinc.com

[1] Nielsen xAOC & Food 2022