California CBD company buys chocolate-maker with national distribution

A California CBD company that makes infused olive oils has bought a smaller chocolate company with distribution in traditional grocers such as Whole Foods Market.

Gabriella’s Kitchen bought Lulu’s Chocolates of Nevada City, California, for $1 million in stock.

Margot Micallef, CEO of Gabriella’s Kitchen, told Hemp Industry Daily the acquisition positions her company for distribution beyond dispensaries.

Lulu’s makes both traditional and CBD-infused chocolates. It also makes THC-infused chocolate sold in 35 California dispensaries.

Gabriella’s Kitchen, based in Santa Rosa, California, trades on the Canadian Securities Exchange as GABY.

 

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