Attached files
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| EX-99.1 - PRESS RELEASE DATED NOVEMBER 15, 2016 FROM GILLA INC - GILLA INC. | glla_ex991.htm |
| 8-K - CURRENT REPORT - GILLA INC. | glla8k.htm |
Exhibit
99.2
GILLA ENTERS FAST GROWING CANNABIS MARKET; INTRODUCES NEW
BRAND
New York, NY – (November 17th,
2016) - Gilla
Inc. (“Gilla” or the “Company”)
(OTCQB: GLLA), the fast-growing designer, manufacturer and marketer
of E-liquid for vaporizers, announced today that the Company has
entered the cannabis industry with the introduction of its new
brand of E-liquids featuring Cannabidiol (“CBD”). CBD
is a non-psychoactive cannabinoid which produces strong medicinal
and therapeutic effects for numerous common conditions. At present,
CBD produced from industrial hemp is legal to purchase and consume
throughout the United States and many international markets. The
Company intends to produce its initial CBD E-liquids with
ingredients derived from industrial hemp to gain access to numerous
global markets leveraging its existing international sales and
distribution platform. Furthermore, Gilla intends to collaborate
with licensed medical marijuana producers and clinics to develop
new E-liquid products that will sell through licensed channels in
jurisdictions where medical or recreational marijuana has been
legalized.
Gilla’s
new brand of CBD E-liquid products will be marketed under the new
label “Enriched” and www.enrichedvapor.com.
“As
education and research has demonstrated, there are many significant
medicinal and therapeutic benefits derived from cannabis, and Gilla
has been working on developing products for this fast growing
market since earlier this year,” stated J. Graham Simmonds,
Chairman and CEO of Gilla. “Given these products can be
effectively delivered through vaping systems, it was an easy
decision for Gilla to develop new products for this market and to
begin looking at furthering opportunities to collaborate with or
potentially acquire licensed producers and dispensaries within the
cannabis industry.”
About Gilla Inc.
Gilla
Inc. manufactures, markets and distributes E-liquid, which is the
liquid used in vaporizers, E-cigarettes, and other vaping hardware
and accessories. E-liquid is heated by the atomizer to deliver the
sensation of smoking. Gilla aims to be a global leader in the
manufacturing and distribution of E-liquid for the vapor industry.
The Company provides consumers with choice and quality across
categories and price points. Gilla’s product portfolio
includes Coil Glaze, The Drip Factory, Surf Sauce, Siren, VaporLiq,
Craft Vapes, Craft Clouds, Vape Warriors, Miss Pennysworth’s
Elixirs, The Mad Alchemist, Replicant and Crown E-liquid
brands.
Forward-looking Statements
Note:
This press release contains “forward looking
statements” as defined in the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
currently available competitive, financial and economic data and
management’s views and assumptions regarding future events.
Such forward-looking statements are inherently uncertain. Gilla
Inc. cannot provide assurances that the matters described in this
press release will be successfully completed or that the company
will realize the anticipated benefits of any transaction. Actual
results may differ materially from those projected as a result of
certain risks and uncertainties, including but not limited to:
global economic and market conditions; the war on terrorism and the
potential for war or other hostilities in other parts of the world;
the availability of financing and lines of credit; successful
integration of acquired or merged businesses; changes in interest
rates; management’s ability to forecast revenues and control
expenses, especially on a quarterly basis; unexpected decline in
revenues without a corresponding and timely slowdown in expense
growth; the company’s ability to retain key management and
employees; intense competition and the company’s ability to
meet demand at competitive prices and to continue to introduce new
products and new versions of existing products that keep pace with
technological developments, satisfy increasingly sophisticated
customer requirements and achieve market acceptance; relationships
with significant suppliers and customers; as well as other risks
and uncertainties, including but not limited to those detailed from
time to time in Gilla Inc. SEC filings. Gilla Inc. undertakes no
obligation to update information contained in this release. For
further information regarding risks and uncertainties associated
with Gilla Inc.’s business, please refer to the risks and
uncertainties detailed from time to time in Gilla Inc.’s SEC
filings.
For
more information, please visit gilla.com, or
contact:
Mr. J. Graham Simmonds
Chairman and CEO
T: 1
(416) 843-2881
E: graham.simmonds@gilla.com
twitter: @gillainc
For
media inquiries, please contact:
Mr. Don Fenton
VP of Communications
T: 1
(416) 434-3681
E:
don.fenton@gilla.com