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Tilray Brands, Inc.

For the period ended May 31, 2025. Filed Jul 29, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Jul 29, 2025

TLRY$2.85-2.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Item 2. Properties

The following outlines our principal cultivation, manufacturing, storage facilities and brewpubs by reporting segment as of May 31, 2025:

Facility and Primary UseLocationReporting SegmentOwned/ LeasedApproximate Square Footage
Canada:
Aphria One (Cannabis Cultivation and Processing)Leamington, ONCannabisOwned1,400,000
Aphria Diamond Ltd. (Cannabis Cultivation)Leamington, ONCannabisOwned11,500,000
Broken Coast (Cannabis Cultivation)Duncan, BCCannabisOwned647,000
Avanti (EU-GMP Cannabis Processing and Lab)Brampton, ONCannabisOwned618,000
Broken Coast (Cannabis Cultivation)Nanaimo, BCCannabisOwned260,000
High Park Holdings (Cannabis 2.0 Processing)London, ONCannabisLeased134,000
Manitoba Harvest (Hemp Processing)Winnipeg, MBWellnessLeased15,000
Manitoba Harvest (Hemp Processing)St. Agathe, MBWellnessOwned35,000
Hexo Operations Inc. (Cannabis Cultivation and Processing)Gatineau, QCCannabisOwned1,292,000
Redecan (Cannabis Cultivation and Processing)Fenwick, ONCannabisOwned400,000
Redecan (Cannabis Cultivation and Processing)Cayuga, ONCannabisOwned51,644,000
United States:
SweetWater Brewery (Craft Brewery)Atlanta, GABeverageOwned158,000
SweetWater Colorado (Craft Brewery)Fort Collins, COBeverageOwned33,000
Breckenridge Distillery (Craft Distillery)Breckenridge, COBeverageOwned23,000
Breckenridge Distillery Warehouse (Storage)Denver, COBeverageOwned75,000
Montauk Brewing Company (Brewery/Pub facility)Montauk, NYBeverageLeased4,000
Fort Collins (Warehouse - Inactive)Fort Collins, CON/AOwned450,000
Breckenridge Brewery, LLC (Brewery/Pub facility)Littleton, COBeverageOwned450,000
Breckenridge Brewery, LLC (Brewpub)Littleton, COBeverageOwned2,500
Craft Brew Alliance, Inc. (Craft Brewery)Portland, ORBeverageOwned82,000
BBI Acquisition Co. (Brewpub)Breckenridge, COBeverageLeased8,000
Blue Point Brewing Company, Inc. (Distribution)Patchogue, NYBeverageLeased54,000
Blue Point Brewing Company, Inc. (Storage)Patchogue, NYBeverageLeased20,000
10 Barrel Brewing (Brewpub)Bend, ORBeverageLeased4,000
10 Barrel Brewing, LLC (Brewpub)Portland, ORBeverageLeased8,000
10 Barrel Brewing, LLC (Storage)Bend, ORBeverageLeased4,000
10 Barrel Brewing, LLC (Storage)Bend, ORBeverageLeased1,930
10 Barrel Brewing, LLC (Processing / Pub facility)Bend, ORBeverageLeased69,000
10 Barrel Brewing, LLC (Craft Brewery)Bend, ORBeverageLeased25,000
10 Barrel Brewing Idaho, LLC (Brewpub)Boise, IDBeverageLeased9,000
Redhook (Brewery/Pub facility)Seattle, WABeverageLeased13,000
Widmer (Craft Brewery)Portland, ORBeverageLeased3,000
Terrapin Beer Company, LLC (Brewery/Pub facility)Athens, GABeverageOwned100,000
Terrapin Beer Company, LLC (Warehouse / Storage)Athens, GABeverageOwned24,000
Terrapin Beer Company, LLC (Processing / Distribution)Athens, GABeverageLeased68,000
Detroit Rivertown Brewing Company, LLC (Brewpub)Detroit, MIBeverageLeased20,000
Liquid GR, LLC (Brewpub)Grand Rapids, MIBeverageLeased6,000
Park Brewing, LLC (Restaurant / Brewpub)Grosse Pointe Park, MIBeverageLeased10,000
McKenzie River Brewing Company, LLC (Brewery/Pub facility)Eugene, ORBeverageOwned150,000
McKenzie River Brewing Company, LLC (Restaurant / Brewpub)Springfield, ORBeverageLeased20,000
McKenzie River Brewing Company, LLC (Processing / Distribution)Eugene, ORBeverageLeased32,000
Revolver Brewing Company, LLC (Brewpub)Grandbury, TXBeverageLeased32,000
International:
Tilray EU Campus and Cultivation Site (Cannabis Cultivation and Processing)Cantanhede, PortugalCannabisOwned33,300,000
CC Pharma (Distribution Operations)Densborn, GermanyDistributionOwned70,000
Aphria RX (Cannabis Cultivation)Neumünster, GermanyCannabisOwned65,000
FL Group Srl (Distribution Operations)Vado Ligure, ItalyCannabisLeased4,700
ABP (Distribution Operations)Buenos Aires, ArgentinaDistributionLeased10,000
1Aphria Diamond is a 51% majority-owned subsidiary of Aphria, Inc. Aphria Diamond is a strategic venture with Double Diamond Farms.
2We announced our decision to relocate operation from Duncan BC facility to Nanaimo facility. The Duncan, BC facility was recognized as an asset held for sale and sold during the year ended May 31, 2025.
3In Cantanhede, Portugal, we own one cultivation and manufacturing location used for medical cannabis as well as land adjacent to the facility for future expansion.
4We recognize the property as an asset held for sale for the year ended May 31, 2025.
5This facility is an outdoor growing facility.
6This facility was sold during the year ended May 31, 2025.

We also lease space for other smaller offices in the United States, Canada, Europe and other parts of the world.

We believe our facilities and committed leased spaces are currently adequate to meet our needs. As we continue to expand our operations, we may need to acquire or lease additional facilities or dispose of existing facilities.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.