CALGARY and SANTA ROSA, CA, Nov. 20, 2018 /CNW/
- 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 OTCB 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.
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, 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 its 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.
SOURCE Gabriella's Kitchen
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