Tilray Settles Lawsuit Relating To Bob Marley-Branded Cannabis Products Deal
Portfolio Pulse from Nina Zdinjak
A lawsuit against Tilray Brands Inc (NASDAQ:TLRY) (TSX:TLRY) related to a Bob Marley-branded marijuana products deal has been resolved and dismissed. The lawsuit was filed by Docklight Brands Inc., which accused Tilray of dropping out of the licensing deal and violating the agreement. The financial details of the settlement were not disclosed. Tilray shares were trading 1.63% lower at $1.81 during Monday’s pre-market session.
October 23, 2023 | 12:40 pm
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Tilray's lawsuit related to a Bob Marley-branded marijuana products deal has been dismissed. The company's shares were trading 1.63% lower at $1.81 during Monday’s pre-market session.
The dismissal of the lawsuit removes a potential legal liability for Tilray, which could be seen as positive news. However, the company's shares were trading lower, indicating that the market may have already priced in this outcome or is reacting to other factors. The lack of disclosed financial details of the settlement also adds uncertainty.
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