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EX-99.1 - PRESS RELEASE - GILLA INC. | glla_ex991.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) – July 14, 2015
GILLA INC.
(Exact Name of Registrant as Specified in its Charter)
NEVADA
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000-28107
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88-0335710
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification Number)
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15540 Biscayne Blvd, North Miami, Florida 33160
(Address of principal executive offices)
(416) 843-2881
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
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Written communications pursuant to Rule 425 under the Securities Act
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
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o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
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Item 2.01 Completion of Acquisition or Disposition of Assets.
On July 14, 2015, Gilla Inc. (“Gilla” or the “Company”) closed the acquisition of all the issued and outstanding shares of E-Liq World, LLC (“Vapor Liq”), an e-liquid subscription based online retailer. Pursuant to a share purchase agreement, dated July 14, 2015, the Company issued five hundred thousand (500,000) shares of the Company’s common stock (the “Common Shares”) and warrants for the purchase of five hundred thousand (500,000) shares of the Company’s common stock (the “Warrants”) as consideration to the vendors of Vapor Liq (the “Vendors”). The Warrants are exercisable over eighteen (18) months with an exercise price of twenty cents ($0.20) per common share.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
99.1 | Press Release dated July 15, 2015 from Gilla Inc. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
GILLA INC.
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Dated: July 16, 2015
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By:
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/s/ J. Graham Simmonds
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J. Graham Simmonds | |||
Chief Executive Officer | |||
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