Delaware court grants summary judgment for Tilray in proxy vote lawsuit

Tilray Brands, Inc.

Court held Tilray correctly used majority-of-votes-cast standard for authorized share proposals; granted summary judgment for Tilray and directors.
Lawsuit alleged incorrect voting standard and fiduciary breaches; all claims dismissed.
Adjourned portion of 2024 annual meeting re Authorized Shares Proposal set for Dec 19, 2024 at 11:00 am EST (virtual).
Tilray filed supplemental proxy disclosures regarding court ruling and voting standard.

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