BUDAPEST, HUNGARY – Gilla Inc. (“Gilla” or the “Company”) (OTCQB:GLLA), a designer, marketer and manufacturer of E-liquids for vaporizers and related accessories, is pleased to announce that the Company has formed Gilla Europe Kft. (“Gilla Europe”) and has hired a leading E-cig sales and distribution management team. The move brings on board a leading E-cig distribution platform accessing over 25 European countries and covering over 30 languages. The Company has also agreed to take over the office space for the 20-plus-person team in Budapest, Hungary and the logistics and warehousing services based in Slovakia. This distribution platform was providing exclusive services to a leading cig-a-like E-cig brand and had built its sales to a peak level of over $3 million per year.
“My team is incredibly excited to join Gilla,” stated Balint Antal, the recently appointed CEO of Gilla Europe. He added, “This is a tremendous opportunity to combine our sales and distribution capabilities with the best-in-class E-liquid brands Gilla has both acquired and developed. Our existing customer relationships should provide immediate revenues to Gilla and quickly advance Gilla’s international expansion.”
- Graham Simmonds, Chairman and CEO of Gilla Inc. added, “This is another great opportunity for Gilla and the timing could not be better. As we have successfully acquired and developed our portfolio of premium E-liquid brands, we will now aggressively pursue building out the demand side of the business. Adding Mr. Antal and his team provides Gilla an immediate global reach and a significant presence in Europe, which is one of the fastest growing markets for E-liquid products. This will immediately impact our revenues and allow us to add even more E-liquid brands to our portfolio.”
About Gilla Inc.
Gilla Inc. manufactures, markets and distributes E-liquid, which is the liquid used in vaporizers, E-cigarettes, and other vaping hardware and accessories. E-liquid is heated by the atomizer to deliver the sensation and taste of smoking. Gilla aims to become a global leader in the manufacturing and distribution of E-liquid brands and proprietary recipes for the vapor industry. Gilla’s product portfolio includes Craft Vapes, Craft Clouds, Miss Pennysworth’s Elixirs, The Mad Alchemist and Replicant E-liquid brands.
For more information, please visit gillainc.com.