What’s Going On With Tilray Brands Stock Today?
Tilray Brands, Inc. (NASDAQ:TLRY) and its subsidiary HEXO Corporation announced on Thursday the successful dismissal of a lawsuit filed by Clement Italume.
The company’s shares are trading slightly higher in the morning session following the announcement.
The Massachusetts Superior Court, Suffolk County, granted Tilray and HEXO’s motion for summary judgment, dismissing Italume’s claims.
The lawsuit, which sought approximately $8 million in damages, alleged that HEXO and Tilray failed to adequately notify shareholders about HEXO’s corporate actions in December 2022 and Tilray’s acquisition of HEXO in June 2023.
The plaintiff also claimed that a reverse stock split …