GABY acquires 2Rise Naturals and Lulu's Chocolates

1 minute read
31 December 2019

Effective Dec. 31, 2019, GABY Inc. (CSE: GABY) (OTCQB: GABLF), a US-focused California based consumer packaged goods ("CPG") company operating in both the regulated cannabis sector and in the hemp-derived CBD market in the mainstream grocery channel, completed its previously announced acquisitions of Raw Chocolate Alchemy, Inc. (dba "Lulu's Chocolates") and of 2Rise Naturals, Inc.

The aggregate number of common shares in the capital of GABY issued to the former shareholders of Lulu's Chocolate was equal to 6,116,193, each issued at a deemed price of $0.323 per share. The aggregate number of common shares issued to the former shareholder of 2Rise Naturals was equal to 5,780,000, each issued at a deemed price of $0.23 per share.

Gowling WLG advised GABY with respect to these acquisitions with a team that included Frank Sur, Jason Mullins and Stephen King, assisted by student-at-law Drew Hubka.

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