last year the french alcohol maker remy cointreau remyy sued canopy growth corporation cgc for alleged trademark infringement over its cbdinfused sparkling water brand quatreau cointreau pronounced kwantroh claimed that canopy used quatreau kwatroh to tradeoff the market dominance and fame of the cointreau mark arguing that only the n sound differentiated the two brands spirits business reported earlier the canadian cannabis giant and its us subsidiary denied fully or partially 112 of the 115 claims cointreau and its us subsidiary made in the complaint and jury demand in october now according to a filing in manhattan federal court the francebased producer of cointreau orange liqueur has settled the trademark dispute reported reuters after both parties asked the court to put an end to the case us judge edgardo ramos dismissed it on monday cointreau initially accused canopy of using quatreau in order to unfairly capitalize on the goodwill and reputation of the cointreau mark adding that the defendants wilful actions will not only confuse consumers as to their affiliation with plaintiffs and the cointreau brand but will blur the exclusive association plaintiff enjoys between cointreau and a single source of orange liqueurs canopy based in smiths falls ontario said in a new york court filing on sept 21 that its quatreau brand has not infringed any applicable trademarks under federal or state law and is not confusingly similar to cointreaus trademarks and name and has not diluted it besides asking for profits that canopy has made on products with the allegedly infringing trademarks including court costs and attorneys fees cointreau sought a permanent injunction to prevent canopy from infringing on its trademarks and using any word term name symbol or device on any product which is likely to confuse canopys quatreau launched in the us in march 2021 following its debut in canada shortly after the canadian cannabis producer partnered with southern glazers wine  spirits to distribute its cbdinfused beverages in the us in the meantime canopy growth was one of the top three canadian companies reporting earnings in may despite a 5 yearoveryear decrease in net revenue which amounted to ca520 million 40815 million in the fourth quarter ended march 31 2022 the company also reported that adjusted ebitda was a loss of ca415 million in fiscal 2022 representing a ca75 million increase in adjusted ebitda loss versus a year ago the free cash flow in fiscal 2022 was an outflow of ca582 million representing an 8 decrease in outflow versus fiscal 2021 cantor fitzgerald’s analyst pablo zuanic said in his recent note that the company’s costsaving measures and efforts to pivot away from value in the domestic recreational business should help the firm reach its target of positive ebitda in the fiscal year 2024 however he noted that more clarity on the pace of cash burn would help the cannabis company fitch ratings downgraded canopy growth adding that it is “highly doubtful that canopy can improve ebitda trends to reach operating cash flow breakeven in fiscal 2025 by march 31 2025 as fitch previously expected and creates greater uncertainty around capital structure sustainability” reported marijuana business daily fitch said that their move reflects substantial marketshare losses in the cannabis market in canada as well as execution missteps and challenges around the company’s cultivation strategy