Merida recently announced it has become a significant investor in Gabriella's Kitchen (GABY), a U.S.-focused consumer packaged goods company operating a house of brands in the cannabis industry and in the mainstream grocery channel.
This past week, GABY announced the closing of its previously announced upsized $20MM private placement.Today, GABY is a wellness company with a diverse range of products that use cannabis and hemp-derived CBD to address a variety of dietary and health concerns.
"Merida was deeply impressed by GABY's understanding of granular aspects of their manufacturing and distribution verticals and find the combination of a broad family of branded products and wellness-related research and product capabilities a compelling value proposition," said Mitch Baruchowitz. "We are excited to have the opportunity to be a significant investor in this round."
Read the full release here