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Gage Growth Corp. is one of the fastest-growing

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JohnCM Member Level  Thursday, 03/11/21 10:25:38 AM
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Gage Growth Corp. is one of the fastest-growing cannabis brands from Michigan

March 11, 2021
Green Market Report, LLC

We want to bring to your attention what we deem to be the top five and one of the fastest-growing cannabis markets in the United States: the state of Michigan.

A lot of investors are familiar with some of the other markets, such as Florida, Illinois, Pennsylvania, Arizona, New Jersey and more, but not many know about the strength of the Michigan market. Despite posting almost $1 billion in sales in 2020 and continuing to grow (Michigan posted $108 million sales during the month of January 2021, which when annualized, equates to $1.3 billion), we haven’t really heard of any dominant cannabis operators in Michigan, not even big MSOs.

Today, we want to introduce you to Gage Growth Corp. (“Gage”), a Michigan-based vertically integrated cannabis company that operates on the idea that “good is just not good enough”. Along with having former CEO and Chairman of Canopy Growth Corporation, Bruce Linton, as Gage’s Chairman, the brand’s business model is built on quality cultivation and curation with the declared goal of building the fastest growing cannabis brand in the state.

From the quality of its cannabis to its retail design, Gage has created a unique dispensary experience. Its open floor plan and staple orange and gray coloring create a sporty vibe for the store’s aesthetic. Gage has even received multiple awards for the store’s interior design from Leafbuyer, ADCANN, and the Detroit Metro Times. Gage’s customers consistently return and shop with confidence, knowing Gage carries some of the most exclusive and respected cannabis brands in the country.

Company Highlights

• Currently operates 7 provisioning centers (dispensaries), and plans to have 20+ open and operational by year-end.

• Operates 3 cultivation facilities today in addition to entering into contract grow agreements (10 facilities in total), boasting a monthly cultivation capacity of 3,000 lbs/month by June 2021.

• Gage is the exclusive brand partner of Cookies in Michigan, one of the most well-respected cannabis lifestyle brands in the United States.

• Average basket size of Gage retail customers was $164 in 2020 compared to the state average basket size of $85 – almost double the state average.

• Gage has the exclusive rights to the Cookies brand and operates two Cookies branded dispensaries: the 8 Mile Cookies location in Detroit and the Kalamazoo Cookies location

• Gage recently completed its Regulation A, Tier 2, equity financing, raising a total of $50 million at US$1.75 per share

Lastly, Gage is currently planning to go public on the Canadian Stock Exchange (CSE) by the end of March 2021. If you are looking for great exposure on the Michigan cannabis market, Gage is the name you want.

We encourage you to visit www.GageUSA.com for more information about the company.

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