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CALGARY and SANTA ROSA, CA, Nov. 20, 2018 /CNW/ – Gabriella’s Kitchen Inc. (“GABY” or the “Company”) (CSE: GABY), an innovative and leading-edge cannabis wellness company, is pleased to announce that it has submitted an application to have its common shares quoted on the OTCQB Venture Market (the “OTCQB“) and its intention to seek The Depositary Trust Company (“DTC”) eligibility. The listing of the Company’s common shares on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements.
The Company believes that being listed on the OTCB will expand the Company’s presence in the U.S. and provide current and future U.S.-based shareholders with greater access to, and ease of trading in, GABY’s shares. The Company will continue to trade on the Canadian Securities Exchange under its existing symbol “GABY”.
“Admission to the OTCQB is part of our long-term strategy to introduce the Company to a broader range of institutional and retail investors in the U.S.,” stated Margot Micallef, GABY’s Founder and CEO. “We have established a strong operating base in the U.S. which includes products available in over 3,400 major retail locations, our cannabis manufacturing facility, and our cannabis and mainstream distribution networks. By providing U.S. investors with the opportunity to easily invest in GABY through our OTCQB listing, we fulfill yet another step in executing our strategy of becoming the category leader in the global cannabis edibles and wellness space.”