SANTA ROSA, CA and CALGARY, June 3, 2019 /CNW/ - Gabriella's Kitchen Inc. ("GABY" or the "Company") (CSE: GABY) (OTCQB: GABLF), a market-leader in the North American cannabis wellness space, is pleased to announce that its common shares have been approved for listing on the OTCQB Venture Market ("OTCQB"), a U.S. trading platform that is operated by the OTC Markets Group in New York. Effective June 3, 2019, the Company will commence trading on the OTCQB under the symbol "GABLF". The Company's common shares will continue to trade on the Canadian Securities Exchange ("CSE") under the symbol "GABY".
In respect of the OTCQB listing, Margot Micallef, CEO of GABY commented, "We are thrilled to announce the listing of GABY's common shares on the OTCQB exchange, which we believe further establishes GABY as an innovative and leading-edge North American cannabis wellness company with broad appeal. GABY anticipates this additional listing on the OTCQB will provide increased opportunity for shareholder liquidity, as well as enhanced market access for American institutional and retail investors seeking to become a part of the GABY story."
About Gabriella's Kitchen Inc.
GABY is a U.S.-focused, consumer packaged goods company operating a "house of brands" in the cannabis industry and in the mainstream grocery channel. Through its wholly-owned subsidiaries The Oil Plant, Inc. ("TOP") and Sonoma Pacific Distribution, Inc. ("Sonoma Pac"), GABY holds a manufacturing and a distribution license issued by the California Department of Health and the California Bureau of Cannabis Control respectively. With these licenses to operate in the cannabis channel, and its existing infrastructure of major retailers and an extensive broker and distribution network in the mainstream channel, GABY is positioned to bring its proprietary, acquired and third-party brands to market in both the licensed and mainstream market.
Margot and her sister Gabriella co-founded GABY after Gabriella received a dire cancer diagnosis which spurred the sisters to prolong Gabriella's life through a holistic approach to health. Today, GABY is a wellness company with a diverse range of products that use cannabis and hemp derived CBD to address 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.
To learn more, please visit the Company's website at www.gabyinc.com.
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.
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 statements 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: GABY receiving the anticipated benefits from the OTCQB listing, including, but not limited to, enhancing liquidity by providing the Company's current and future U.S. investors with a trading platform as a result of a OTCQB listing; the anticipated closing of other accretive acquisitions; the Company's ability to raise funding to achieve its objectives; and the anticipated availability of the Company's products in cannabis industry and mainstream grocery channels. 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.
Each of TOP and Sonoma Pac is a wholly owned subsidiary of GABY. Each of TOP and Sonoma Pac owns a cannabis license in California. Unlike in Canada which has Federal legislation uniformly governing the cultivation, distribution, sale and possession of medical cannabis under the Cannabis Act (Federal), readers are cautioned that in the U.S., cannabis is largely regulated at the State level. Cannabis is legal in the State of California however cannabis remains illegal under United States ("U.S.") federal laws. Notwithstanding the permissive regulatory environment of cannabis at the State level, cannabis continues to be categorized as a controlled substance under the Controlled Substances Act in the U.S. and as such, cannabis-related practices or activities, including without limitation, the manufacture, importation, possession, use or distribution of cannabis are illegal under U.S. Federal law. Each of TOP's and Sonoma Pac'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, readers are cautioned that strict compliance with State laws with respect to cannabis will neither absolve GABY, TOP or Sonoma Pac of liability under the U.S. Federal law, nor will it provide a defense to any Federal proceeding, which could be brought against any of GABY, TOP, or Sonoma Pac. Any such proceedings brought against GABY, TOP, or Sonoma Pac may materially adversely affect its operations and financial performance in the U.S. market.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE Gabriella's Kitchen
For further information: For investment inquiries, please contact Margot Micallef, Founder & CEO or Investor Relations at IR@gabriellas-kitchen.com or (800) 674-2239. For media inquiries, please contact Lana Rogers, Public Relations Consultant, at or (403) 519-7959