SMITHS FALLS, Ont. – Canopy Growth Corp. and its U.S. subsidiary have settled a trademark violations lawsuit orange liqueur company Cointreau Corp. was pursuing against the cannabis firms.<\/p>\n
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.<\/p>\n
The filing did not disclose the terms of the settlement and while Canopy confirmed the settlement, it would not share the terms. Cointreau did not immediately respond to a request for comment.<\/p>\n
The companies 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.<\/p>\n
Cointreau alleged Canopy's move unfairly capitalizes on the goodwill and reputation of Cointreau's trademarks.<\/p>\n
Canopy argued that its Quatreau line is "not confusingly similar to" Cointreau and has not diluted and is not likely to dilute Cointreau’s trademarks and name.<\/p>\n
This report by The Canadian Press was first published Aug. 23, 2022.<\/p>\n
Companies in this story: (TSX:WEED)<\/p>\n
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