cherry-pick: Add release flag for nightly build tag (#2821)

[gs-olive]

Description

• Cherry-pick of #2821

Type of change

• Cherry-pick

Checklist:

• [ x ] My code follows the style guidelines of this project (You can use the linters)
• [ x ] I have performed a self-review of my own code
• [ x ] I have commented my code, particularly in hard-to-understand areas and hacks
• [ x ] I have made corresponding changes to the documentation
• [ x ] I have added tests to verify my fix or my feature
• [ x ] New and existing unit tests pass locally with my changes
• [ x ] I have added the relevant labels to my PR in so that relevant reviewers are notified