Hexo Settles Trademark Infringement Lawsuit Filed In California

Hexo Corp (TSX: HEXO) (NYSE: HEXO) has apparently settled a lawsuit related to trademark infringement. The settlement comes after the company pursued legal action against a California-based company whom was using the name HEXOCBD to sell CBD products within the US.

The company launched the lawsuit in the Southern District of California against Assi Project Management, LLC, whom was using the trademarked name without permission. The lawsuit was on the grounds of “unfair competition and trademark infringement,” with the company alleging it went against intellectual property rights.

Settlement of the lawsuit is said to include Assi being “permanently enjoined” from using any name, trademark or domain name that contains “HEXO”, with the company also being required to destroy any and all materials that contain reference to the term. The company must also file notice of abandonment for its HEXOCBD trademark application, while also transferring all domain names that it currently owns with the term HEXO within it to Hexo Corp.

Hexo Corp last traded at $0.66 on the NYSE.


Information for this briefing was found via Sedar and Hexo Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Hexo Corp To Close Belleville Facility, Impacting 230 Employees

If one thing in the cannabis sector is almost guaranteed, its that Hexo Corp (TSX:...

Friday, April 22, 2022, 07:58:47 AM

Hexo Has Filed A $35 Million Counterclaim Against Medipharm Labs

It appears that Hexo Corp (TSX: HEXO) (NYSE: HEXO) has filed a counterclaim against Medipharm...

Thursday, June 18, 2020, 11:48:39 AM

Hexo’s Burwash Resigns As CFO, MacDonald Named To Role On “Acting” Basis

Hexo Corp (TSX: HEXO) (NYSE: HEXO) this evening announced that Trent MacDonald as been named...

Friday, October 9, 2020, 04:56:08 PM

Hexo: Stifel-GMP Puts Bankruptcy On The Table For Company Following Terrible Debt Deal

On October 29th, Hexo Corp (TSX: HEXO) reported its fiscal fourth quarter financial results. The...

Monday, November 8, 2021, 03:58:00 PM

Hexo Sees Revenues Decline 31% To $22.7 Million In Q3 2021

Hexo Corp (TSX: HEXO) (NYSE: HEXO) this morning reported a doozy of a quarter. The...

Monday, June 14, 2021, 08:40:27 AM