$27M Settlement Reached In Cannabis Co. Merger Suit

By McCord Pagan (July 19, 2022, 5:16 PM EDT) -- A tentative $26.9 million settlement has been reached in a 2-year-old Delaware Chancery Court derivative suit accusing the former controlling investors and certain directors of global cannabis company Tilray Inc. of lining up a merger that unfairly favored the company's private equity founders, according to a letter Monday....

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