Many different businesses can use exactly the same identical names. Take for example: "Zenith" or "Pioneer".
Basically, the thing is you cannot be in the same business as the other guy who has a trademark on the name.
Canyon Bike was very descriptive that regging Canyon with the extension Bike doesn't seem to have any other use or purpose other than being a domain about bikes/bicycles/motorcycles.
But Green Dog can possibly be used for various types of businesses. You are not saying if you are a Domainer or an End-User.
If you are a Domainer, the trademark owner "could" view you as SQUATTING on the domain and file a UDRP against you for non-usage or no legitimate use.
I am NOT a Trademark attorney.