GABY Inc Closes Merger with Mankind Dispensary and Resumes Trading phoenixherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phoenixherald.com Daily Mail and Mail on Sunday newspapers.
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Gaby Inc. Announces Execution Of Definitive Agreement In Respect Of Its Merger With Mankind Dispensary
February 16, 2021 GMT
SANTA ROSA, CA / ACCESSWIRE / February 16, 2021 / GABY Inc. (“GABY” or the “Company”) (CSE:GABY) (OTCQB:GABLF), a California based cannabis consumer products company and soon to be cannabis retailer, is pleased to announce it has executed a definitive transaction agreement (the “Definitive Agreement”) effective February 15th, 2021, in respect of its merger (the “Merger”) with Miramar Professional Services (“Miramar”), which operates the Mankind Dispensary (“Mankind”).
The Merger will constitute a “fundamental change” of the Company under the rules and polices of the Canadian Stock Exchange (“CSE”) and, accordingly, trading in the Company’s common shares (“GABY Shares”) has been halted and will remain halted until the completion of
Corbus Pharmaceuticals Holdings Inc. (NASDAQ:CRBP) and
Zynerba Pharmaceuticals Inc. (NASDAQ:ZYNE), both posting gains of more than 40% this week.
Sundial Growers Inc (NASDAQ:SNDL) had a roller coaster week. The stock received attention from Reddit investor group r/WallStreetBets, which has over 8 million members. Sundial shares closed nearly 48.5% higher on Monday, dipped Tuesday, but spiked 16% on Wednesday. Gains for the week ultimately surpassed 38%.
As of Jan. 14, 35.79% of the float was short, and the group is known to target buying shares of companies such as
GameStop Corp (NYSE:GME) and
AMC Entertainment Holdings Inc (NYSE:AMC), which are heavily shorted as well.
Cannabis company Gaby Inc. (CSE:GABY) (OTCQB:GABLF) has raised CA$12.5 million ($9.74 million) in financing, which it plans to put toward completing an acquisition.
The Sonoma County, California-based company completed two private placements: a brokered private placement of the company’s subscription receipts, led by Mackie Research Capital Corporation, and a non-brokered private placement of the company’s units.
GABY plans to use the proceeds to support its merger with
Miramar Professional Services,
standard corporate practices. The closing of our Private Placement and the completion of the audit takes us a significant step closer to our expansion into the cannabis retail channel, Gaby founder and CEO Margot Micallef said.
GABY Inc Announces Closing of Financing as It Marches Toward Completing Its Acquisition of Mankind Dispensary philippinetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philippinetimes.com Daily Mail and Mail on Sunday newspapers.