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EX-99.2 - PRESS RELEASE - GILLA INC. | glla_ex992.htm |
8-K - CURRENT REPORT - GILLA INC. | glla_8k.htm |
Exhibit 99.1
GILLA PARTNERS WITH VAPORIZED IN SCOTLAND
New York, NY – (May 1st,
2017) - 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 into a supply partnership with CCHG Ltd.
(“Vaporized”) to be the exclusive distributor of
Gilla’s Coil Glaze, The Drip Factory, Siren and Craft Vapes
E-liquid brands in Scotland. With 83 vape shops and growing, CCHG
Ltd. operates one of the largest retail chains in the United
Kingdom (“UK”) under the trade name
Vaporized.
“This
is yet another milestone for Gilla as we continue to grow our
international footprint,” stated David Yuranyi, Gilla’s
Vice President of Sales. He continued, “We chose Vaporized to
be our exclusive distributor in Scotland in order to work alongside
the UK’s leading retail vaping specialists and we are excited
about their plans to bring Gilla’s products to High Street.
This past year, our team has focused on ensuring compliance with
the Tobacco Products Directive (TPD) across the European Union. We
now have a comprehensive portfolio of notified product and this
partnership is a testament to those efforts.”
The
Tobacco Products Directive
(Directive 2014/40/EU) (“TPD”) became effective
on May 20th, 2016 and
introduced a new regulatory framework at the European Union
(“EU”) level that specifically regulates vaping
products including E-liquid and E-cigarettes. EU Member States were
required to transpose the TPD and adopt national legislation in
order to implement the new regulatory provisions by May
20th,
2017. However, compliance at the EU level has not been easy for
vaping companies given that certain Member States have interpreted
the same directive and enacted further legal requirements beyond
the scope of the TPD framework within their national
legislation.
“I
am proud to say that after implementation of the TPD, Gilla’s
portfolio of brands continues to be available to our customers in
Europe,” said Graham Simmonds, Chairman and CEO of Gilla. He
added, “Our team has worked tirelessly to ensure that
Gilla’s brands have met all of the requirements of the TPD at
both the EU and national levels. Vaporized is the gold standard of
retail in the vape world and we look forward to a mutually
prosperous relationship.”
About Vaporized
Vaporized
is a family-owned electronic cigarette company. They are the
UK’s leading vaping specialists based in Edinburgh, Scotland.
The company prides itself on its hands-on approach having grown
from its first vape shop in 2013 to 83 by the end of 2016.
Vaporized has plans for further UK and international expansion
which will include an aggressive push into the London
market.
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
delivering the most efficient and effective vaping solutions for
nicotine and cannabis related products. The Company provides
consumers with choice and quality across various categories and
price points. Gilla’s proprietary product portfolio includes
the following brands: Coil Glaze™, Siren, The Drip Factory,
Craft Vapes™, Craft Clouds, Surf Sauce, Vinto Vape, VaporLiq,
Vape Warriors, Vapor’s Dozen, Miss Pennysworth’s
Elixirs, The Mad Alchemist™, Replicant, Enriched CBD and
Crown E-liquid™.
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. Bradford Long
Investor Relations
T: 1
(888) 994-GLLA (4552)
E:
brad.long@gilla.com