Gabriella’s Kitchen Inc. has filed a preliminary prospectus to qualify the distribution of up to 22,226,111 common shares issuable upon the automatic conversion of its senior unsecured convertible debentures issued, by way of brokered and non-brokered private placement, on June 13, 2018.
Eight Capital, and Gravitas Securities Inc. acted as agents for the brokered portion of the private placement which raised $6.153 million.
Gabriella’s Kitchen has applied to list its common shares, including the warrant shares, on The Canadian Securities Exchange (CSE).
Gabriella’s Kitchen Inc. develops, manufactures, produces and markets high-quality, nutritional food products. The company has over 20 food products that offer consumers better-for-you options such as high-protein, low-calorie, low-carbohydrate, vegan, gluten-free and other allergy-sensitive products. It offers these products under several brand names, including “noodi” and “gabbypasta”.
Gabriella’s Kitchen is also developing a line of products infused with cannabis-derived cannabinoids (including CBD and THC) which are marketed under the brand name “alto”. The Infused Products are slated to be launched in California and Oregon in the summer of 2018.
Gabriella’s Kitchen is led by CEO Margot M. Micallef who will control 37.1% of the outstanding common shares upon debenture conversion.
photo credit: Gabriella’s Kitchen