Gabriella's Kitchen Announces Closing of Previously Announced Upsized $20MM Private Placement
Summary
We now have all the pieces in place to continue and enhance our exponential growth and to build GABY into a dominant consumer packaged goods player in the cannabis and hemp products space. The Company also issued to certain consultants and advisors warrants to purchase up to 1,435,161 Units, at a price per Unit that is equal to the Offering Price, for a period of 24 months following the Closing Date.Mitch Baruchowitz, Managing Partner of Merida Capital Partners, commented, "Merida was deeply impressed by GABYs understanding of granular aspects of their manufacturing and distribution verticals and find the combination of a broad family of branded products and wellness-related research and product capabilities a compelling value proposition. 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. 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 are wholly owned subsidiaries of GABY. Any such proceedings brought against GABY, TOP or Sonoma Pac may materially adversely affect the Companys operations and financial performance generally in the U.S. market specifically.For further information: For investment inquiries, please contact Margot Micallef, Founder & CEO or Investor Relations at [email protected] or (800) 674-2239.