TORONTO, ONTARIO–(Marketwired – Oct 2, 2017) – Gilla Inc. (“Gilla” or the “Company”) (GLLA), the fast-growing designer, banker and architect of E-liquid for vaporizers and developer of cannabis apply products, and CannTrust Holdings Inc. (“CannTrust”) (CSE:TRST)(TRST.CN)(CNSX:TRST), a accountant ambassador of medical cannabis beneath the Health Canada Access to Cannabis for Medical Purposes Regulation (Canada) (“ACMPR”) program, accept appear they are alive accordingly to advance both private-label and branded cannabis breath solutions (the “Licensed Products”) for CannTrust to aftermath and administer in Canada through their accustomed administration channels.
As ahead appear on July 12, 2017, Gilla’s Toronto-based subsidiary, Gilla Enterprises Inc., has entered into a non-binding letter of absorbed (the “LOI”) with CannTrust, one of Canada’s arch accountant producers beneath the ACMPR program. The LOI calls for Gilla to coact with CannTrust to accommodate a cannabis breath band-aid for administration to their all-encompassing applicant abject in Canada. The proposed accessory and packaging will be submitted to Health Canada to access any all-important approvals column signing of a absolute agreement.
“We are admiring to advertise CannTrust as our licensee accomplice in Canada,” declared Mr. Graham Simmonds, Chair and CEO of Gilla. He added, “Canada is a actual important bazaar for Gilla and establishing a academic accord with one of the fastest growing and best admired accountant producers in the country is an aberrant befalling for us. We will abide to amend the bazaar on the approaching barrage of these and approaching articles in Canada.”
Mr. Brad Rogers, President and COO of CannTrust stated, “CannTrust continues to augment and innovate its artefact alms and alive alone with Gilla in Canada allows us to defended a accord with a all-around baton in the vape industry. Combining our cutting-edge cultivation, processing and extractions methods with Gilla’s abstraction and artefact development adeptness will decidedly enhance our artefact alms and acquiesce us to abide to body on our arch position in the Canadian medical cannabis market.”
Under the acceding of the LOI, Gilla and CannTrust would access into a absolute acceding to accommodate the Accountant Articles to CannTrust to aftermath and administer in Canada through their accustomed administration channels. Gilla will assignment with CannTrust to advance abounding calibration production-level accepted operating procedures that will be acclimated to accomplish the Accountant Articles to accede with Health Canada’s ACMPR requirements; including accessory selection, packaging and added adapted criteria.
CannTrust Holdings Inc. (CSE:TRST), back its birth in 2014, has led the Canadian bazaar in bearing pharmaceutically connected product. As a federally adapted accountant producer, CannTrust brings added than 40 years of pharmacy and healthcare acquaintance to the medical cannabis industry. CannTrust currently operates a 50,000 sq. ft. advanced hydroponic adeptness in Vaughan, Canada and is advance a 430,000 sq. ft. agronomics adeptness in the Niagara region.
About Gilla Inc.
Gilla Inc. manufactures, markets and distributes E-liquid for use in vaporizers and develops turn-key breath and cannabis apply solutions for aerial terpene vape oils, authentic crystalline, aerial achievement vape pens and added targeted products. Gilla aims to be a all-around baton in carrying the best able and able vaping solutions for nicotine and cannabis accompanying products. The Company’s multi-jurisdictional, ample portfolio access casework both the nicotine and cannabis markets with aerial affection articles that bear a constant and reliable user experience. Gilla’s proprietary artefact portfolio includes the afterward 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, Enriched Breath and Crown E-liquid™.
Note: This columnist absolution contains “forward attractive statements” as authentic in the Private Securities Litigation Reform Act of 1995. These advanced statements are based on currently accessible competitive, banking and bread-and-er abstracts and management’s angle and assumptions apropos approaching events. Such advanced statements are inherently uncertain. Gilla Inc. cannot accommodate assurances that the affairs declared in this columnist absolution will be auspiciously completed or that the aggregation will apprehend the advancing allowances of any transaction. Actual after-effects may alter materially from those projected as a aftereffect of assertive risks and uncertainties, including but not bound to: all-around bread-and-er and bazaar conditions; the war on agitation and the abeyant for war or added hostilities in added genitalia of the world; the availability of costs and curve of credit; acknowledged affiliation of acquired or alloyed businesses; changes in absorption rates; management’s adeptness to anticipation revenues and ascendancy expenses, abnormally on a annual basis; abrupt abatement in revenues after a agnate and appropriate arrest in amount growth; the company’s adeptness to absorb key administration and employees; acute antagonism and the company’s adeptness to accommodated appeal at aggressive prices and to abide to acquaint new articles and new versions of absolute articles that accumulate clip with abstruse developments, amuse added adult chump requirements and accomplish bazaar acceptance; relationships with cogent suppliers and customers; as able-bodied as added risks and uncertainties, including but not bound to those abundant from time to time in Gilla Inc. SEC filings. Gilla Inc. undertakes no obligation to amend advice independent in this release. For added advice apropos risks and uncertainties associated with Gilla Inc.’s business, amuse accredit to the risks and uncertainties abundant from time to time in Gilla Inc.’s SEC filings.
For added information, amuse appointment gilla.com.
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