Gilla Releases Q2 2016 Results; Highlights Gross Margin Increase
(firmenpresse) - NEW YORK, NEW YORK -- (Marketwired) -- 08/16/16 -- ("Gilla" or the "Company") (OTCQB: GLLA), the fast-growing designer, manufacturer and marketer of E-liquid for vaporizers, released its financial results for the three months ended June 30, 2016 which included a significant increase in quarter-over-quarter gross profit margins and continued growth of international sales.
Q2 2016 HIGHLIGHTS:
"The Company''s strategic plan is coming to fruition very quickly and it''s exciting to see our broad brand portfolio now enjoying success across multiple markets, from Asia to North America and from Europe to Africa. Our growth in international sales demonstrates Gilla''s significant progress in becoming a leading player in the global vape market," stated J. Graham Simmonds, Chairman and CEO of Gilla. "The higher margin business has been our primary focus and our numbers demonstrate major growth in the second quarter for that segment of our operations. This will be our continued focus into the second half of the year as we continue to grow sales domestically while also exploring the opportunities to expand our global footprint."
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 of smoking. Gilla aims to be a global leader in the manufacturing and distribution of E-liquid for the vapor industry. The Company provides consumers with choice and quality across categories and price points. Gilla''s product portfolio includes Coil Glaze, The Drip Factory, Surf Sauce, Siren, VaporLiq, Craft Vapes, Craft Clouds, Vape Warriors, Miss Pennysworth''s Elixirs, The Mad Alchemist, Replicant and Crown E-liquid brands.
Forward-looking Statements
Note: This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management''s views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Gilla Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management''s ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company''s ability to retain key management and employees; intense competition and the company''s ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Gilla Inc. SEC filings. Gilla Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Gilla Inc.''s business, please refer to the risks and uncertainties detailed from time to time in Gilla Inc.''s SEC filings.
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Contacts:
Gilla Inc.
Mr. J. Graham Simmonds
Chairman and CEO
1 (416) 843-2881
twitter: (at)gillainc
For media inquiries
Gilla Inc.
Mr. Don Fenton
VP of Communications
1 (416) 434-3681
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Datum: 16.08.2016 - 07:00 Uhr
Sprache: Deutsch
News-ID 1452860
Anzahl Zeichen: 3637
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NEW YORK, NEW YORK
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Kategorie:
Recreation
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