Canadian cannabis producer Hexo Corp. mentioned it has reached a settlement in a trademark-infringement lawsuit in opposition to California-based Assi Project Management.

Hexo sued Assi for unfair competitors and trademark infringement in the U.S. District Court for the Southern District of California after discovering the corporate had been promoting CBD merchandise in the U.S. underneath the title “HEXOCBD,” in accordance with a news release issued Thursday.

Hexo mentioned the settlement features a everlasting injunction stopping Assi and its principals from utilizing any title that accommodates the phrase “Hexo” or the same time period.

Assi should destroy all supplies referencing “HEXOCBD” and any reference to the time period “Hexo.”

Assi additionally deserted U.S. trademark functions for “HEXOCBD” and has transferred its web site domains containing the time period “Hexo” to the Canadian firm.

Hexo CEO Sebastien St. Louis mentioned in a press release that the settlement “sends a message that we will not tolerate violations of our trademark rights.”

“We are creating a company and brands that can stand the test of time and that can grow in legal markets as they become available to us,” St. Louis mentioned.

The Hexo launch famous that the corporate and its beverage accomplice, Molson Coors, are engaged on plans for hemp-derived CBD beverages in Colorado.

The Hexo-Molson beverage three way partnership launched adult-use cannabis drinks in Canada this summer time.

Ottawa, Ontario-based Hexo not too long ago reported a web lack of 546 million Canadian {dollars} ($419 million) for its 2020 fiscal 12 months.

The firm’s shares commerce as HEXO on the New York Stock Exchange and Toronto Stock Exchange.

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