Gilla Inc. announced a Production and Supply Agreement with a South American Distributor to supply electronic cigarettes and related accessories.
“We are excited to be expanding into the South American continent where we believe there is a significant opportunity to become a market leader,” stated Graham Simmonds, Gilla’s Chief Executive Officer. “Our partner in South America is an established group with experience in cigar distribution and strong ties to the casino and sports marketing industries,” he added.
Under the terms of the Supply Agreement, the Distributor has reserved the exclusive right to distribute a brand of the Company’s e-cigarette products in Brazil, Chile, Paraguay, Uruguay, Argentina, Venezuela, Columbia, Peru and Ecuador. The Supply Agreement has a five-year term, which shall automatically renew for an additional five-year term.