Gabriella's Kitchen completes cross-border acquisition of The Oil Plant

16 October 2018

On October 16, 2018, Calgary-based Gabriella's Kitchen Inc. ("GABY") (CSE: GABY) reported the successful closing of its previously announced acquisition of Santa Rosa, California-based The Oil Plant, Inc. ("TOP") and its associated cannabis licenses.    

Through the transaction, GABY has secured a Type-6 non-volatile manufacturing license and a cannabis extraction and infusion facility in California. GABY will also be able to leverage a non-exclusive license held by TOP to access an extensive database of formulations and other associated health attributes to create proprietary and white-label products that offer a wide range of health benefits, which is expected to facilitate GABY's continued product development. 

With this transaction, GABY has been transformed into one of the only publicly-listed, pure play cannabis wellness companies listed on the CSE.

Gowling WLG advised GABY in this acquisition with a team that was led by Frank Sur and included Jason Mullins and Stephen King (corporate finance and M&A).

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