Tilray Brands, Inc. (“Tilray Brands” or the “Company”) (NASDAQ |
TSX: TLRY), today announced the northeast expansion of Montauk
Brewing Company (“Montauk Brewing”), the #1 and fastest growing
craft brewer in Metro New York1. Best known for its beloved product
portfolio of craft brews, including the best seller Wave Chaser,
Montauk Brewing is now available in over 3,500 points of
distribution, across New York, New Jersey, Connecticut, and Rhode
Island including top national retailers: Target, Whole Foods,
Trader Joe’s, Stop & Shop, King Kullen, Walmart, Wegman’s,
Total Wine, 7-Eleven, Costco, BJ’s, and Speedway.
Ty Gilmore, President, U.S. Beer at Tilray
Brands, said, "Growing Montauk Brewing’s distribution across the
northeast in New York and New Jersey and expanding into new states
including Connecticut, and Rhode Island was a strategic first step
in our expansion plan. Montauk Brewing has enormous potential to
grow into a true national brand and we will continue to leverage
our existing nationwide infrastructure to expand the brand’s
distribution and growth through innovation for all channels and
consumers, building a diversified portfolio while giving our fans
what they want.”
In 2022, Montauk Brewing Company expanded its
portfolio of products to include 19.2oz cans and launched Ocean
Series, a higher-end six-pack. This year, in addition to its
well-loved seasonal classics, Montauk Brewing Company is further
expanding with opportunity styles and larger case sizes that have
proven to win on a smaller scale, meeting industry trends and
consumer needs.
Montauk Brewing’s best-selling craft
beers now available
across New York, New Jersey, Connecticut,
and Rhode Island include:
- Wave Chaser India Pale Ale: Montauk’s #1
year-round craft IPA which comes in at 6.4% ABV and features four
hop varieties with incredible tropical and pine aromas, giving it
endless flavor.
- Summer Ale: the official beer of summers in
Montauk, available March through August, this 5.6% ABV ale features
a light caramel malt blended with the right amount of wheat, giving
it a bold, yet refreshing finish.
- Cold Day IPA: with a slight haze and crisp,
juicy notes, Cold Day IPA is the perfect way to warm your spirits
and remind you that freezing days are still beautiful ones.
Spotlighting Amarillo and Strata hops, this IPA sits at 6.7%
ABV.
- Watermelon Session Ale: this highly refreshing
brew comes in at 4.9% ABV and combines delicious watermelon flavors
with a crisp Session Ale that is perfect for sipping under the
summer sun.
- Pumpkin Ale: available from September to
October, Montauk Pumpkin Ale is a sign of the season - just the
right amount of spices along with subtle hop aromas with 5.7% ABV,
this beer highlights the time of year just perfectly.
- Driftwood Ale: this well-balanced English Pale
Ale is known for its dark copper color and easy drinkability.
Victory malts give this beer terrific toasty, nutty, and biscuity
flavors, featuring Magnum and Tettnang hops and 6.0% ABV.
- Pilsner: another brew available year-round,
with its light and mellow malts, this Pilsner is ultra crisp and
super crushable coming in at 5.4% ABV. If you thirst for a
flavorful brew that goes down smoothly all year long, look no
further than Montauk Pilsner.
About Montauk Brewing Company
Founded in 2012 by longtime friends and based on
the coast of Montauk, New York, Montauk Brewing Company embraces
the motto “Come As You Are,” honoring adventure and passion for the
simple pleasures in life. Today, Montauk Brewing Company is one of
New York’s most beloved and fastest selling craft-brands and is a
subsidiary of Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY).
Montauk Brewing Company was proudly named the #1
Craft Brewer in Metro New York by Nielson2. Montauk Brewing’s
beloved brews are now available across 3,500 retail locations and
several of NYC’s major venues including Citi Field, Madison Square
Garden, Moynihan Train Hall, and UBS Arena.
Montauk Brewing Company distributors in the U.S.
include Shore Point Distributing Company, Inc., Kramer Beverage
Company, Oak Beverages Inc., Lake Beverage Corporation, Saratoga
Eagle, Eagle Beverage Company, Try-It Distributing, A.L. George, Mc
Craith Beverages, Dutchess Beer Distributors, Northeast Beverage,
F&F Distributors, Inc., and C&C Distributors RI.
For further information about Montauk Brewing
Company, please visit www.montaukbrewingco.com and follow
@montaukbrewco. 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.
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
StatementsCertain 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.
ContactsFor media
inquiries, please contact:Berrin
Nooratanews@tilray.com
For investor inquiries, please
contact:Raphael Gross
203-682-8253Raphael.Gross@icrinc.com
1 Nielsen xAOC & Food 20222 Source: Nielsen New York L52W
2022
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ad90e2ad-b4d5-4992-b20e-44f27c549a82
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