Tilray In Court With 420 Investments Ltd After $CN110 Deal Nixed

Tilray In Court With 420 Investments Ltd After $CN110 Deal Nixed

The current reporting season is a narrative of failed deals and ever shakier foundations at the top end of cannabis town in Canada & the US. Here’s the latest to hit the courts. Who’s next, we ask? Bloomberg report …………A legal fight has emerged after Tilray Inc.’s deal to buy 420 Investments Ltd. for $110 million was terminated last week, with the Alberta-based retailer suing the Canadian cannabis producer for breach of contract and accusing it of dragging its feet on the deal following a “change of heart”, according to documents obtained by BNN Bloomberg. Tilray announced its plan to…

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Source : CANNANNEW REPORT
Link to original : Tilray In Court With 420 Investments Ltd After $CN110 Deal Nixed
reposted by Cannabis News World

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