Tilray: Entry Into A Material Definitive Agreement, Completion Of Acquisition Or Disposition Of Assets, Other Events, Financial Statements And Exhibits

Item 1.01 Entry into a Material Definitive Agreement On March 2, 2026, Tilray Brands UK Ltd (“Tilray UK”), a company registered in the United Kingdom and wholly owned and controlled by Tilray Brands, Inc. (the “Company”), entered into a Business and Asset Sale Agreement (the “Purchase Agreement”). Under the Purchase Agreement, Tilray UK acquired certain business operations and assets of BrewDog plc and certain of its subsidiary undertakings (collectively, the “BrewDog Group”) through a pre-packaged administration process in Scotland under the Insolvency Act 1986, with the intent for Tilray UK to carry on the acquired business operations and assets as a going concern. The transactions contemplated by the Purchase Agreement closed on the same date as the date of the Purchase Agreement. Prior to the administration, the BrewDog Group operated as a multinational brewery and pub chain based in Ellon, Aberdeenshire, Scotland. The Company has agreed to guarantee the obligations of Tilray UK under the terms of the Purchase Agreement. The aggregate purchase price for the acquired business and assets acquired is £33,000,000 (or approximately US $44.1 million). Substantially all liabilities of the BrewDog Group arising prior to the closing of the transaction will remain with the BrewDog Group and were not assumed by Tilray UK, subject to certain customary exceptions.. The acquisition includes the brewery located in Ellon, Aberdeenshire, Scotland, the on-line business, the retail business, 11 of the BrewDog strategic brewpubs in Scotland, England and Ireland and all the intellectual property rights relating to the BrewDog brand, including well known sub-brands such as Punk IPA, Hazy Jane, Wingman, Elvis Juice and Dead Pony Club. The parties have provided customary representations, warranties and covenants for transactions in an pre-packaged administration, and Tilray UK has agreed to certain indemnification rights of the administrators under the Purchase Agreement. Item 2.01 Completion of Acquisition or Disposition of Assets. The information set forth under Item 1.01 of this Current Report on Form 8‑K is incorporated herein by reference. The foregoing descriptions of the Purchase Agreement and the transaction set forth under Item 1.01 do not purport to be complete and are qualified in its entirety by reference to the Purchase Agreement, a copy of which will be filed as an amendment to this Current Report on Form 8-K. Item 8.01 Other Events. On March 2, 2026, the Company issued a press release announcing the BrewDog transaction. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8‑K. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release dated March 2, 2026 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Tilray Brands, Inc. Date: March 2, 2026 By: /s/ Mitchell Gendel Name: Mitchell Gendel Title: Global General Counsel

Tilray: Entry Into A Material Definitive Agreement, Completion Of Acquisition Or Disposition Of Assets, Other Events, Financial Statements And Exhibits

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