CALGARY, ALBERTA & SANTA ROSA, CALIFORNIA– November 20, 2018 – Gabriella’s Kitchen Inc. (“GABY” or the “Company”) (CSE: GABY), an innovative and leading-edge cannabis wellness company, is pleased to announce that it has submitted an application to have its common shares quoted on the OTCQB Venture Market (the “OTCQB”) and its intention to seek The Depositary Trust Company (“DTC”) eligibility. The listing of the Company’s common shares on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements.
The Company believes that being listed on the OTCQB will expand the Company’s presence in the U.S. and provide current and future U.S.-based shareholders with greater access to, and ease of trading in, GABY’s shares. The Company will continue to trade on the Canadian Securities Exchange under its existing symbol “GABY”.
“Admission to the OTCQB is part of our long-term strategy to introduce the Company to a broader range of institutional and retail investors in the U.S.,” stated Margot Micallef, GABY’s Founder and CEO. “We have established a strong operating base in the U.S. which includes products available in over 3,400 major retail locations, our cannabis manufacturing facility, and our cannabis and mainstream distribution networks. By providing U.S. investors with the opportunity to easily invest in GABY through our OTCQB listing, we fulfill yet another step in executing our strategy of becoming the category leader in the global cannabis edibles and wellness space.”
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, the company connects a diverse network of broker-dealers that provide liquidity and execution services. It enables investors to easily trade through the broker of their choice and empowers companies to improve the quality of information available for investors.
The OTCQB Venture Market offers early stage and developing international companies the benefits of being publicly traded in the U.S. with lower cost and complexity than a U.S. exchange listing. Streamlined market standards enable international companies not yet ready for the OTCQX Best Market to provide a strong baseline of transparency to inform and engage U.S. investors.
About Gabriella’s Kitchen
Gabriella’s Kitchen (GABY) is a pure-play cannabis edibles and wellness products company holding a manufacturing and a distribution license issued by the California Bureau of Cannabis Control. With these licenses, its existing infrastructure of major retailers and an extensive broker and distribution network, GABY is positioned to service mainstream grocery with CBD infused products, as well as licensed cannabis retailers with CBD and THC-infused edible and wellness products throughout Canada and the U.S. The company also has over 25 non-infused products available in more than 3,400 major retail stores across North America.
Margot and her sister, Gabriella, co-founded GABY to bring high quality, delicious and healthy superfoods to the market. The desire to create the all-encompassing wellness company came after Gabriella received a dire cancer diagnosis which spurred the sisters to prolong Gabriella’s life through a holistic approach to health. GABY directly and through The Oil Plant (“TOP”) now offers a diverse range of products that cater to a variety of dietary and health concerns. Although Gabriella ultimately passed away from her illness, she lived exponentially longer than doctors predicted. Her memory and passion live on through GABY’s mission: to empower people to live healthy lives without compromise.
Further information For investment inquiries, please contact Margot Micallef, Founder & CEO or Scott Koyich, Investor Relations at [email protected] kitchen.com or (800) 674-2239
For media inquiries, please contact Lana Rogers, Public Relations Consultant, at [email protected] or (403) 519-7959
Disclaimer and Forward-Looking Information
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of Gabriella’s Kitchen Inc. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statement are only predictions. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Forward looking statements include, but are not limited to, the anticipated availability of the Company’s Infused Products. The Company assumes no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
The Oil Plant, Inc. (“TOP”) is a wholly owned subsidiary of GABY. TOP owns cannabis license in California. Cannabis is legal in the State of California however cannabis remains illegal under United States (“U.S.”) federal laws. The U.S. Department of Justice issued guidance in 2013 indicating that it will focus on certain enforcement priorities, outside of which it will generally not enforce federal prohibitions on cannabis in U.S. states that have authorized this conduct so long as the U.S. state has implemented a strong and effective regulatory program. This federal guidance is subject to change, rescission or alteration by other federal government policy pronouncements at any time. TOP’s business is conducted in a manner consistent with the State law of California and is in compliance with regulatory and licensing requirements applicable in the State of California. However, the readers should be aware that change in federal guidance on enforcement actions could adversely affect TOP’s ability to access private and public capital required in order to support continuing operations and it’s ability to operate in the U.S.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.