Gabriella's Kitchen closes $20 million private placement of units

1 minute read
12 June 2019

On June 12, 2019, Gabriella's Kitchen Inc. ("GABY") (CSE: GABY) (OTCQB: GABLF) announced that it had closed its previously announced upsized brokered private placement offering led by GMP Securities L.P., pursuant to which GABY issued approximately 66,666,733 units of the company for aggregate gross proceeds of approximately $20 million.

GABY is a US-focused, consumer packaged goods company operating a house of brands in the cannabis industry and in the mainstream grocery channel.

Gowling WLG advised GABY with respect to this private placement with a team that included Frank Sur and Jason Mullins, with the assistance of student-at-law Simanpreet Panaych.

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