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, and Charlotte’s Web Holdings, Inc. (“Charlotte’s Web”) (TSX:CWEB, OTCQX:CWBHF), the U.S. market leader in cannabidiol (“CBD”) hemp extract wellness products, have entered into a strategic alliance which includes licensing, manufacturing, quality, marketing and distribution for Charlotte’s WebTM CBD hemp extract products in Canada.