Tilray controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Four20 sues Tilray over failed acquisition deal
Lawsuit filed
Four20 filed a lawsuit seeking $130 million from Tilray and its subsidiary High Park Shop, alleging they failed to complete an agreement to acquire Four20's operations. The allegations are unproven; the article says statements of defence had not been filed.
Source excerpt
In a statement of claim filed in Calgary Court of Queen’s Bench, Four20 seeks an order finding Tilray has breached an arrangement agreement reached last August to purchase the retailer for $110 million.
Four20, which had a network of retail stores throughout Alberta, alleges Tilray Inc. and its B.C. subsidiary, High Parks Shop Inc., have reneged on a deal to buy the Calgary company’s operations.
Statements of defence disputing the unproven allegations haven’t been filed.