Canadian marijuana firm Tilray sued for $300 million in Florida

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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.