GREY:GABLF - Post by User
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Dgmstockon Dec 30, 2018 1:00am
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Post# 29169020
Gabriella's Kitchen
Gabriella's Kitchen
(GABY) - The award-winning consumer packaged goods company whose array of super-nutritional foods are currently sold in more than 3,400 stores across North America, is launching a revolutionary new line of cannabis infused nutritional edibles. The expansion as well as a number of announced acquisitions has positioned the company on the cutting edge of cannabis infused nutritional edibles and therapeutic products, further accelerating GABYs mission, to empower people to live healthy lives without compromise. In addition, GABY has another 20 un-infused products in market in California and throughout the US and Canada in thousands of mainstream retailers, creating a fast-track to the mainstream retail market for its soon to be launched Hemp-CBD infused edibles. Therefore, in September, Gabriellas Kitchen acquired The Oil Plant, Inc. (TOP), the owner of a Type 6 manufacturing license issued by the California Bureau of Cannabis Control (CBCC). In October, GABY announced the acquisition of Sonoma Pacific Distribution, one of California's leading independently owned cannabis distribution and marketing companies with a distribution and transport license issued by CBCC. Through these acquisitions GABY also acquired the benefit of TOPs best in class cannabis oil extraction technology and TOPs interest in the market-leading brand of Aunt Zeldas topicals and tinctures. Through the first half of 2018 GABYs revenue rose by 171 percent to approximately $1.2MM, from $450,000 in the first half of 2017. Further growth is expected during the second half of the year following the launch of its alto product line as well as from its continuing roll up strategy. TOPs existing management team projected revenue of US$10 million in 2019, Sonoma is anticipating $7.6 million. With the launch of six cannabis-related products as the foundation of GABYs continued product development strategy, these unique factors could boost consolidated 2019 annual revenue to ~US$26.7 million (~C$35 million).