Montauk Brewing Company (“Montauk Brewing” or “Montauk”), the
leading and fastest-selling craft brewer in Metro New York1, known
for its exceptional craft beers and a subsidiary of Tilray Brands,
Inc. (“Tilray” or the “Company”) (NASDAQ: TLRY and TSX: TLRY),
announced today the launch of Major Wave Chaser Double India Pale
Ale (IPA), a high-octane version of Montauk’s best-selling
Wave Chaser IPA brewed to satisfy the strong
demand for full-flavor, high-alcohol beers.
An approachable beer with endless tropical and
pine flavors, Major Wave Chaser [9.2% alcohol by
volume (ABV)] maintains the popular characteristics of Wave Chaser,
with a bigger punch. It is available in single 19.2-ounce cans and
15-packs of 19.2-ounce cans.
“Craft beer drinkers continue to seek out
high-alcohol and single-serve beers, and we’re excited to break
into these white-hot categories with a hopped-up version of our
most popular beer. Major Wave Chaser captures the flavors and
aromas that made Wave Chaser such a hit, and it’s the perfect
‘step-up’ for when the occasion calls for bigger flavors and higher
ABV,” said Ty Gilmore, President of U.S. Beers for Tilray
Brands.
The release of Montauk’s new flagship beer comes
as the New York based brewery begins a highly anticipated expansion
beyond the Northeast. Montauk Brewing arrived in Georgia this month
and will announce new distribution deals in other major markets
later this fall.
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’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’s 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,
McCraith Beverages, Dutchess Beer Distributors, Northeast Beverage,
Boening Brothers, SKI Distributing, Kohler Distributing, F&F
Distributors, Inc., and C&C Distributors RI.
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.
About Tilray Brands
Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY),
is a leading global cannabis-lifestyle and consumer packaged goods
company with four distinct and complementary business segments
including medical and adult-use cannabis, medical distribution,
wellness foods, and beverage-alcohol. Tilray Brands is on a mission
to change people’s lives for the better – one person at a time - by
inspiring and empowering the worldwide community to live their very
best life, enhanced by moments of connection and wellbeing.
Patients and consumers trust Tilray Brands 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, today Tilray Brands’
unprecedented and diversified production platform supports a
portfolio of best-in-class brands in over 20 countries including
comprehensive adult-use and medical cannabis offerings, hemp-based
foods, and craft beverages across North America, Europe, Australia,
and Latin America.
For more information on Tilray Brands, visit
www.Tilray.com and follow @Tilray
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.comTilray Brands Investors:
Raphael Gross, (203) 682-8253, Raphael.Gross@icrinc.com
_____________________________1 Nielsen xAOC & Food 2022
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c4ceddf8-87e8-47ed-89a7-daf9f19a2a7e
Tilray Brands (NASDAQ:TLRY)
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Tilray Brands (NASDAQ:TLRY)
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