Tilray subsidiary Aphria settles Canadian class action for CAD 30M; no admission of liability

Tilray Brands, Inc.

Settled for CAD 30M (US 21M), far below original CAD 875M claim; dismissal with prejudice.
Includes dismissal of four related individual lawsuits on same allegations.
Aphria's portion CAD 8.5M already accrued; no negative earnings impact; D&O insurance covers most.
Court approval hearing scheduled for March 2025.
Settlement does not constitute admission of liability or wrongdoing.

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