Tilray Brands, Inc. (NASDAQ:TLRY) Q4 2022 Earnings Conference Call July 28, 2022 8:30 AM ET

Company Participants

Berrin Noorata - Chief Corporate Affairs Officer

Irwin Simon - Chairman & Chief Executive Officer

Denise Faltischek - Chief Strategy Officer & Head-International Business

Blair MacNeil - President-Canada

Carl Merton - Chief Financial Officer

Conference Call Participants

Victor Ma - Cowen & Co.

Andrew Carter - Stifel

Aaron Grey - Alliance Global Partners

Tamy Chen - BMO Capital Markets

John Zamparo - CIBC

Matt Bottomley - Canaccord Genuity

Scott Fortune - Roth Capital Partners

Matthew Baker - Cantor Fitzgerald

Operator

Good morning, everyone and thank you for joining us to discuss Tilray Brands, Incorporated Financial Results for the 2022 Fiscal Fourth Quarter ended May 31, 2022. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session for analysts and investment firms conducted via audio and participating retail shareholders conducted through the Say Technologies platform. Question submission and uploading through the Say Technologies platform has already been concluded, and the company will read aloud and answer the top questions.

Ms. Noorata, you may now begin the conference.

Berrin Noorata

Thank you and good morning. By now, everyone should have access to the earnings release which is available on the Investors section of Tilray’s website at tilray.com and has been filed with the SEC and SEDAR. On today’s call, please note that we will be referring to various non-GAAP financial measures which can provide useful information for investors. However, the presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Today’s earnings press release contains a reconciliation of each non-GAAP financial measure to the most comparable measure prepared in accordance with GAAP.

In addition, we will be making numerous forward-looking statements during our remarks and in response to your questions. These statements are based on our current expectations and beliefs and involve known and unknown risks and uncertainties which may prove to be incorrect. Actual results could differ materially from those described in these forward-looking statements. The text in our earnings press release issued today includes many of the risks and uncertainties associated with such forward-looking statements.

And now, I’d like to turn the call over to Tilray Brands’ Chairman and CEO, Irwin Simon.

Irwin Simon

Thank you, Berrin, and good morning, everyone. Thank you all for being with us this morning. I'm joined on this call by several key members of our senior leadership team who you'll be hearing from shortly including; Denise Faltischek, Chief Strategy Officer and Head of our International business, who will discuss our operational strengths across key global markets and the outlook for legalization across Europe. Blair MacNeil, President of our Canadian business, who will update you on the Canadian cannabis market. And finally, Carl Merton, Chief Financial Officer, who will provide a financial update, including our progress in realizing cost synergies.