0001144204-15-008009.txt : 20150211
0001144204-15-008009.hdr.sgml : 20150211
20150211171609
ACCESSION NUMBER: 0001144204-15-008009
CONFORMED SUBMISSION TYPE: 5
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20141231
FILED AS OF DATE: 20150211
DATE AS OF CHANGE: 20150211
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GILLA INC.
CENTRAL INDEX KEY: 0001004411
STANDARD INDUSTRIAL CLASSIFICATION: TOBACCO PRODUCTS [2100]
IRS NUMBER: 880335710
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 15540 BISCAYNE BLVD
CITY: NORTH MIAMI
STATE: FL
ZIP: 33160
BUSINESS PHONE: 416-843-2881
MAIL ADDRESS:
STREET 1: 15540 BISCAYNE BLVD
CITY: NORTH MIAMI
STATE: FL
ZIP: 33160
FORMER COMPANY:
FORMER CONFORMED NAME: OSPREY GOLD CORP
DATE OF NAME CHANGE: 20030620
FORMER COMPANY:
FORMER CONFORMED NAME: INCITATIONS INC
DATE OF NAME CHANGE: 20010424
FORMER COMPANY:
FORMER CONFORMED NAME: TRUCO INC
DATE OF NAME CHANGE: 19991112
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kapoor Ashish
CENTRAL INDEX KEY: 0001606828
FILING VALUES:
FORM TYPE: 5
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-28107
FILM NUMBER: 15600495
MAIL ADDRESS:
STREET 1: 510E - 500 QUEEN'S QUAY W
CITY: TORONTO
STATE: A6
ZIP: M5V 3K8
5
1
form5159604_20150211051542-.xml
X0306
5
2014-12-31
0
0
1
0001004411
GILLA INC.
GLLA
0001606828
Kapoor Ashish
C/O GILLA INC.
15540 BISCAYNE BLVD
NORTH MIAMI
FL
US 33160
0
1
0
0
Chief Financial Officer
Common Stock
2014-03-11
4
J
0
500000
A
3757245
I
By 2364201 Ontario Inc.
Common Stock
2014-03-28
4
P
0
2500000
A
3757245
I
By 2364201 Ontario Inc.
Common Stock
2014-11-04
4
M
0
714286
A
3757245
I
By 2364201 Ontario Inc.
Common Stock
2014-11-04
4
M
0
42959
A
3757245
I
By 2364201 Ontario Inc.
Unsecured Subordinated Convertible Debentures
0.07
2014-11-04
4
M
0
50000
0
D
2013-09-03
2016-01-31
Common Stock
714286
0
D
Unsecured Subordinated Convertible Debentures
0.15
2014-11-04
4
M
0
1
0
D
2013-09-03
2016-01-31
Common Stock
42959
0
D
On March 11, 2014, 2364201 Ontario Inc., a company owned by Mr. Ashish Kapoor, the Chief Financial Officer of Gilla Inc. (the "Company") and his spouse, was issued 500,000 shares of the Company's Common Stock in consideration of Mr. Kapoor's contributions to the successful completion of the Company's acquisition of Snoke Distribution Canada Ltd. on November 21, 2012.
On March 28, 2014 2364201 Ontario Inc. purchased 2,500,000 shares of the Company's Common Stock at a purchase price of $0.025 per share.
On September 3, 2013, Mr. Kapoor purchased $50,000, of Unsecured Subordinated Convertible Debentures (the "Debentures") from the Company. The Debentures had a maturity date of January 31, 2016 and bore interest at a rate of 12% per annum, which was payable quarterly in arrears. The Debentures were convertible into the Company's Common Stock at a fixed conversion rate of $0.10 per share at any time prior to the maturity date. On October 28, 2013, the conversion price of the Debentures were reduced to $0.07 per share. On November 4, 2014, Mr. Kapoor converted the debentures into 714,286 shares of Common Stock at a conversion price of $0.07 per share and converted the interest due on the debentures into 42,959 shares of Common Stock at a conversion price of $0.15 per share. The shares issued in connection with the conversion of the Debentures were issued to 2364201 Ontario Inc.
/s/ Ashish Kapoor
2015-02-11