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AB InBev and Tilray Announce Research Partnerships Focusing on Non-Alcoholic THC and CBD Drinks

TORONTO – ( BUSINESS WIRE ) – Today, AB InBev, the world's leading brewer and Tilray, is a globalpioneer in cannabis production and distribution, announced a partnershipto examine non-alcoholic beverages containing tetrahydrocannabinol (THC)and cannabidiol (CBD). The partnership is limited to Canada andDecisions on commercialization of the beverages will be madein the future. The research partnership combines AB InBev's deep experience indrinks with Tilray's expertise in cannabis products. AB InBevsParticipation will be through its subsidiary Labatt Breweries of Canada,one of the country's founding companies and its leading brewery, andTilray participates in Canadian cannabis for adult useSubsidiary High Park Company, which develops, sells and distributes aportfolio of socially responsible cannabis brands and products inCanada. Each company intends to invest up to $ 50 million USD, for onetotaling up to $ 1 00 million USD. "Labatt is determined to adhere to new consumer trendsConsumers in Canada explore the THC and CBD-infused products, our innovativeThe device is matched only by our commitment to the highest standard forproduct quality and responsible marketing. We intend to develop a deeperUnderstanding non-alcoholic drinks that contain THC and CBD that willguiding future decisions on potential commercial opportunities, "saysKyle Norrington, CEO, Labatt Breweries of Canada. "We look forward toto learn more about these drinks and this category in the monthsa head." "We are pleased to be in a world-leading drinkthe company, AB InBev, to investigate how to create nice cannabis printingProducts. Tilray and AB InBev shares a commitment to responsible productdevelopment and marketing, and we look forward to starting our…

TORONTO – ( BUSINESS WIRE ) – Today, AB InBev, the world’s leading brewer and Tilray, is a global
pioneer in cannabis production and distribution, announced a partnership
to examine non-alcoholic beverages containing tetrahydrocannabinol (THC)
and cannabidiol (CBD). The partnership is limited to Canada and
Decisions on commercialization of the beverages will be made
in the future.

The research partnership combines AB InBev’s deep experience in
drinks with Tilray’s expertise in cannabis products. AB InBevs
Participation will be through its subsidiary Labatt Breweries of Canada,
one of the country’s founding companies and its leading brewery, and
Tilray participates in Canadian cannabis for adult use
Subsidiary High Park Company, which develops, sells and distributes a
portfolio of socially responsible cannabis brands and products in
Canada. Each company intends to invest up to $ 50 million USD, for one
totaling up to $ 1

00 million USD.

“Labatt is determined to adhere to new consumer trends
Consumers in Canada explore the THC and CBD-infused products, our innovative
The device is matched only by our commitment to the highest standard for
product quality and responsible marketing. We intend to develop a deeper
Understanding non-alcoholic drinks that contain THC and CBD that will
guiding future decisions on potential commercial opportunities, “says
Kyle Norrington, CEO, Labatt Breweries of Canada. “We look forward to
to learn more about these drinks and this category in the months
a head.”

“We are pleased to be in a world-leading drink
the company, AB InBev, to investigate how to create nice cannabis printing
Products. Tilray and AB InBev shares a commitment to responsible product
development and marketing, and we look forward to starting our work with
This important partnership, as Tilray continues to pioneer
development of a professional, transparent and well-managed cannabis
industry, “says Brendan Kennedy, CEO of Tilray.

With strong records of responsible product development and
Marketing in their respective industries believes AB InBev and Tilray
that the legal market for THC and CBD drinks will only flourish
The industry includes appropriate regulation of cannabis for adults,
including responsible production, marketing, sales and consumption.

About AB InBev
AB InBev is a publicly traded company
(Euronext: ABI), based in Leuven, Belgium, with secondary listings on
Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with
US depository receipts on the New York Stock Exchange (NYSE: BUD).
Our dream is to bring people together for a better world. Beer,
original social network, has gathered people for thousands
of years. We are committed to building large brands that stand for the test
of time and brewing the best beer with the finest natural ones
Ingredients. Our versatile portfolio of over 500 beer brands includes
Global Brands Budweiser ® Corona ® and Stella Artois ® ;
trademarks in several countries Beck’s ® Castle ® Castle Lite ® ,
Hoegaarden ® and Leffe ® ; and local masters such
like Aguila ® Antarctica ® Bud Light ® ,
Brahma ® Cass ® Cristal ® Harbin ® ,
Jupiler ® Michelob Ultra ® Modelo Especial ® ,
Quilmes ® Victoria ® Sedrin ® and Skol ® .
Our brewery family dates back to 600 years, spanning continents
and generations. From our European roots at the brewery Den Hoorn i
Leuven, Belgium. A pioneering spirit in the brewery Anheuser & Co
in St. Louis, USA. To the creation of the castle brewery in South Africa
under the Johannesburg gold rush. To Bohemia, the first brewery in
Brazil. Geographically diversified with balanced exposure for developed
and developing markets, we use collective forces
About 180,000 employees in nearly 50 countries worldwide.
For 2017, AB InBev reported reported revenues amounted to USD 56.4 billion (excluding
JVs and associated companies).

About Labatt Breweries of Canada
Established by John Kinder
Labatt in London, Ontario in 1847, Labatt Breweries is one of Canada
founding company and its leading brewer. The company has more today
than 3,400 employees, six breweries, three independent craftsmen,
and a portfolio of 60 quality beers, including Budweiser, Alexander
Keiths, Labatt Blue, Kokanee, Stella Artois and Corona. Brands also
includes ready-made drinks such as Palm Bay and Mike’s Hard
Lemon juice. As part of the AB InBev family, Labatt is engaged in
Bringing people together for a better world, making a positive one
contributions through several programs that support their communities,
promote responsible drinking and protect the environment.

About Tilray ®
Tilray (NASDAQ: TLRY) is a
global pioneer in research, cultivation, production and distribution
of cannabis and cannabinoids that currently serve tens of thousands
patients in twelve countries spanning five continents.

About High Park Company
Based in Toronto and guided by a team
With deep experience of cannabis and global consumer brands, High
Park was established to develop, sell and distribute a broad base
portfolio of cannabis brands and world-class products in Canada,
first G-7 nation to legalize, regulate and tax responsible adults
consumption.

Warning text regarding forward looking statements
This
Press release contains “forward looking statements” in the sense
of the US Law on Reform of the Private Securities Act of 1995 and
“Forward-looking information” within the meaning of Canadian securities
laws or collective forward looking statements. farsighted
Statements in this press release can be identified by words
like “may”, “would”, “could”, “will”, “likely”, “expect”
“Foresee”, “believe” refers to “,” plan “,” forecast “,” project “
“Estimate”, “outlook” and other similar expressions and include
statements about AB InBev and the Tilray Partnership,
potential investments by each party and the ability to
commercialization at some point in the future. farsighted
statements are not a guarantee of future results and are based on
a number of estimates and assumptions of the administration in the light of
management experience and perception of trends, current conditions and
expected development as well as other factors considered by management
to be relevant and reasonable under the circumstances, including
assumptions regarding current and future market conditions,
current and future legislation and future approvals and
state. Actual results, performance or performance may differ
essential from what is expressed in or implied by any forward-looking
statements in this press release, and therefore you should not place
unjustly dependent on such forward-looking statements and they are not
guarantees for future results. Forward-looking statements involve
significant risks, assumptions, uncertainties and other factors that may
cause actual future results or expected events to differ materially
from the expressed or implied in any forward looking statements.
See the title “Risk factors” in Tilrays quarterly report on
Form 10-Q, which was filed with the Securities and Exchange Commission
and Canadian Securities Regulators on November 14, 2018 and the risks
and uncertainties related to AB InBev as described under point 3.D in AB
InBev’s Annual Report on Form 20-F filed with Securities and
Exchange Commission on March 19, 2018, for a discussion of the material
risk factors that can cause real results to differ materially
the forward looking information. Tilray and AB InBev do not commit to
Update any forward looking statements included here, except
in accordance with applicable securities laws.

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