Yes. The following rights are obtained by the trademark owner: 

• Exclusive authority to use the mark
• Right to oppose other applications that may cause conflict with his trademark
• Right to cancel other applications with conflicting registration issues
• Right to file for infringement case against third-parties that use look-alike marks
• Right to give license or permit to third-parties that want to use the mark
• Right to receive damages from third-parties guilty of infringement