21:57:53 EDT Wed 05 Aug 2020
Enter Symbol
or Name

Gaby Inc
Symbol GABY
Shares Issued 205,775,825
Close 2020-07-31 C$ 0.045
Recent Sedar Documents

Gaby delays 2019, Q1 2020 results filing until Aug. 15

2020-07-31 20:29 ET - News Release

Ms. Margot Micallef reports


Gaby Inc. has provided an additional update with respect to the management cease trade order (the MCTO) issued by the Alberta Securities Commission on June 17, 2020. The MCTO was issued in connection with the filing of its annual financial statements, management's discussion and analysis and related officer certifications for the financial year ended December 31, 2019 (collectively the "Annual Filings"). The MCTO does not affect the ability of shareholders who are not insiders of the Company to trade their securities.

The Alberta Securities Commission has granted an additional extension to the MCTO due to the continued impact of COVID-19. This has caused a delay in the year end audit work, in that Gaby's auditor is based on Vancouver, British Columbia and Gaby's head office and operations are located in California. Fieldwork delays have resulted from the inability to travel to Gaby's California office due to the continued closure of the US/Canada border and the roll back of business openings in California, civil unrest and concerns around safety.

As such, and as per the updates provided on July 3, 2020 and July 15, 2020, Gaby continues to work diligently and expeditiously with its auditors on the steps required to complete the Annual Filings and anticipates filing the Annual Filings on or before August 15, 2020. The interim financial statements, management's discussion and analysis and related officer certifications for the three-month period ended March 31, 2020 will also be filed on or before August 15, 2020.

The Company is providing this status update in accordance with the provisions of the Alternative Information Guidelines set out in National Policy 12-203 Management Cease Trade Orders.


Gaby is a U.S.-focused, consumer packaged goods company operating a family of brands in the cannabis industry and in the mainstream grocery channel. Through its subsidiaries Gaby indirectly holds licenses and permits issued by the California Department of Health, the California Bureau of Cannabis Control and the County of Sonoma for manufacturing and distribution and license applications pending for cultivation and nursery licenses with the California Department of Food and Agriculture. With these licenses and permits to operate in the cannabis channel, and its existing infrastructure of major retailers and an extensive broker and distribution network in the mainstream channel, Gaby has successfully brought a number of its proprietary, acquired and third-party brands to market in both the licensed and mainstream market.

Margot and her sister Gabriella co-founded Gaby after Gabriella received a dire cancer diagnosis which spurred the sisters to prolong Gabriella's life through a holistic approach to health. Today, Gaby is a wellness company with a diverse range of products that use cannabis, hemp and hemp derived cannabinoids to address a variety of dietary and health concerns. Although Gabriella ultimately passed away from her illness, she lived exponentially longer than doctors predicted. Her memory and passion live on through Gaby's mission: to empower people to live healthy lives without compromise.

We seek Safe Harbor.

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