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Tag Archives: Securing Foothold

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Gabriella’s Kitchen Completes Previously Announced Acquisition of The Oil Plant, Securing Foothold in California Cannabis Market

Gabriella’s Kitchen Completes Previously Announced Acquisition of The Oil Plant, Securing Foothold in California Cannabis Market
Oct. 16, 2018 /CNW/ - Gabriella's Kitchen Inc. ("GABY" or the "Company") (CSE: GABY), an innovative and leading-edge cannabis wellness company, is pleased to report the successful closing of The Oil Plant, Inc. ("TOP") acquisition and its associated cannabis licenses (the "Transaction"), which was previously announced on September 13, 2018.  Under the terms of the Transaction, TOP shareholders will receive GABY common shares as consideration for their holdings on an earn-out basis, with GABY issuing up to US$2.1 million in share consideration at the prevailing market price, calculated and paid quarterly, subject to certain performance targets being met.  Wildhorse Capital Partners acted as a strategic advisor to the Company in completing the Transaction.
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