Canadian marijuana firm Tilray sued for $300 million in Florida

Women, minority execs show few gains in U.S. cannabis industry, according to the latest data from the MJBiz Diversity, Inclusion and Equity Report. Get your copy here.


Canadian marijuana producer Tilray is being sued for $300 million in Florida by Fort Lauderdale-headquartered soap company Trimax, which claims the British Columbia firm is seeking to bankrupt one of its subsidiaries.

The suit, first reported by Law360, alleges Tilray sought to buy a big stake in Saavy Naturals, a Trimax subsidiary, so Tilray could take advantage of Saavy’s distribution relationships with big retailers such as Walmart, Bloomberg reported.