Gaby Inc. (CSE:GABY) (OTC:GABLF), formerly known as Gabriella’s Kitchen Inc., is a self-described “pure-play cannabis wellness company.” With its existing infrastructure of major retailers and an extensive broker and distribution network, GK is positioned to service mainstream grocery with CBD infused products, and licensed cannabis retailers with CBD and THC infused products throughout Canada and the United States. The company’s non-infused products, including Skinnypasta, are currently available in more than 3,400 major retail stores across the U.S. and Canada.
As a part of this strategy, Gabriella’s Kitchen has developed a line of cannabinoid-infused products which are marketed under the brand name Alto.
According to a Forbes article featuring the brand’s infused cannabis-infused culinary salt, oil, and honey, Alto’s initial launch was contained to the state of Oregon, but the brand intends to expand to additional states, and a CBD-only line is in the works, which will eventually be available for online purchase, from anywhere.
Gabriella’s Kitchen Inc. made the move into the California cannabis industry with the signing of a definitive agreement to acquire The Oil Plant, Inc. and its associated cannabis licenses. Also included in the transaction is a line of health and wellness products which includes a line of topicals, tinctures, and concentrates all marketed under the Aunt Zelda’s™ brand. The Transaction, expected to close on October 1st, is structured such that TOP shareholders will receive GK shares as consideration for their holdings on an earn-out basis. Based on TOP’s current management forecasts and projections for 2019, The Oil Plant, Inc. is expected to generate over $10 million USD in revenue next year.
Common shares of Gabriella’s Kitchen Inc. were approved for listing on the Canadian Securities Exchange, a.k.a. CSE, on August 31st, 2018. Trading in shares of GABY subsequently began trading on Wednesday, September 5th, 2018.
How Gabriella’s Kitchen Came to Be:
Italian sisters Margot and Gabriella co-founded Gabriella’s Kitchen to bring high quality, delicious, 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. Recognizing that healthy and functional superfoods should be enjoyed by everyone, GK has created a diverse range of products that cater to a variety of dietary and health concerns. Although Gabriella ultimately passed away from the illness, she lived exponentially longer than doctors predicted. Her memory and passion lives on through GK’s mission: to empower people to live healthy lives without compromise.