Gabriella’s Kitchen Inc. (CSE: GABY, “GK” or the “Company”) a leading manufacturer of better-for-you foods, is pleased to announce that effective at the market open today, September 5, 2018, the Company’s common shares (the “Common Shares”) will begin trading on the Canadian Securities Exchange (the “CSE”) under the ticker symbol “GABY”.
GK develops, manufactures, produces and markets high-quality, nutritional food products, using healthy and unique ingredients in innovative ways to create healthy alternatives to traditionally unhealthy comfort foods. The Company provides over 20 food products that offer consumers better-for-you options such as high-protein, low-calorie, low-carbohydrate, vegan, gluten-free and other allergy-sensitive products. The award-winning product family includes: skinnypasta™, gabbypasta™ and noodi™ brands, and a new fourth brand, alto™, to represent its cannabis and hemp-infused products.
The new line of products infused with cannabis-derived cannabinoids (including CBD and THC) (“Infused Products”) represent a supplement to its existing established portfolio. Gabriella’s Kitchen Infused Products are the first of its kind in the market and represent a new approach to healthy food products.
“The future of the wellness industry will be based on companies that are accommodating a holistic approach to health, which includes cannabis,” states Margot Micallef, founder and CEO of Gabriella’s Kitchen. “People will now have the choice to drink cannabis instead of a beer or the choice to eat a product in the form of an edible. Our new line of infused products is not only the future of the wellness industry, but a crucial role in living a healthy life.”
A total of 22,226,111 common shares were distributed without additional payment upon the automatic conversion the Corporation's senior unsecured convertible debentures (the "Convertible Debentures") comprising the 6,350 units of the Corporation ("Units"). The Units were issued in connection with a previously announced private placement offering (the “Offering”) which closed on June 13, 2018. The Units were issued at a price of $1,000 per Unit for aggregate gross proceeds of $6,350,000. The Offering was co-led by Eight Capital and Gravitas Securities, and the company was further advised by Wildhorse Capital Partners (“Wildhorse”). Wildhorse acted as strategic advisors to GK.
Wildhorse Capital Partners co-founder and General Partner, Christopher Fenn states, “We are proud to have advised GK on its latest financing round and are excited by the announcement that GABY has listed on the CSE. We look forward to continuing to work with GK as it brings its unique brand of cannabis-derived products to eager markets.”
Former Dragon’s Den Star W. Brett Wilson and his son Russell Wilson, through their family office, Prairie Merchant Corporation, participated in the most recent financing round with the lead order. Now that GK is public, Russell Wilson, New Business Ventures Manager at Prairie Merchant has been appointed to the board of directors of GK.
For more information about the Offering, please refer to press release of the Company dated June 14, 2018 available on the Company’s website at www.gabriellas-kitchen.com or the Company’s prospectus dated August 28, 2018 available on the Company’s profile on SEDAR at www.sedar.com and on the Company’s website.
