Victorious Settlement For Tilray Brands, Inc. And High Park Holdings Ltd.

The firm represented defendants Tilray Brands, Inc. and High Park Holdings Ltd. in a licensing dispute against Docklight Brands, Inc. involving cannabis products sold under the Bob Marley brand. Tilray was accused of causing its subsidiary, High Park Holdings, to breach its contract with Docklight. Both defendants were also accused of withholding royalties allegedly owed to Docklight. Defendants brought counterclaims against Docklight, alleging that Docklight had breached its duty of good faith and fair dealing with respect to its refusal to discuss changes to the royalty rate and termination of the license, had breached the contract between Docklight and the Defendants with respect to certain Right of First Offer provisions, and anticipatorily had breached the contract with respect to Docklight's termination of the license prior to the annual Royalty Rate Review. In April 2023, the Bob Marley estate terminated its license with Docklight. Accordingly, in May