The Financial Post reports in its Wednesday, Aug. 24, edition that Canopy Growth and its U.S. subsidiary have settled a trademark violations lawsuit liqueur company Cointreau was pursuing against the cannabis firms.
A Canadian Press dispatch to the Post reports that a recent New York court filing shows all parties voluntarily agreed to dismiss the case in June and cover their own legal costs stemming from the matter.
The filing did not disclose the terms of the settlement and while Canopy confirmed the settlement, it would not share the terms. CP says Cointreau did not immediately respond to a request for comment.
The firms have been arguing over trademarks since last year, when Cointreau accused Canopy of naming its line of sparkling cannabidiol beverages Quatreau to confuse consumers with the similar names.
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