A California CBD company that makes infused olive oils has bought a smaller chocolate company with distribution in traditional grocers including Whole Foods Market.
Gabriella’s Kitchen bought Lulu’s Chocolates of Nevada City, California, for $1 million in stock.
Gabriella’s Kitchen CEO Margot Micallef 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 is based in Santa Rosa, California, and trades on the Canadian Securities Exchange as GABY.