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