Gage Growth Corp. (d.b.a. Gage Cannabis), a leading vertically integrated cannabis operator currently focused exclusively on the Michigan market, recently announced successful conclusion of its Regulation A, Tier 2, equity financing offering. According to a recent article, Gage issued 28,571,400 subordinate voting shares for total gross proceeds of $50 million, the maximum amount qualified under the company’s offering circular. The offering was oversubscribed by both institutional and retail investors, resulting in a significant expansion of the company’s shareholder base through the addition of over 1,000 new investors. “We are humbled and excited by the significant interest and investor demand we received for our oversubscribed Reg A financing,” said Gage Cannabis President Fabian Monaco. “Michigan is one of the fastest growing cannabis markets in the United States, and Gage is well positioned with a robust balance sheet to continue to grow our market share as the leading operator with the best brands in the state. This is a great first step in our journey to becoming a publicly traded company, and we’re excited to continue to drive long-term shareholder value.”
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About Gage Growth Corp.
Gage is innovating and curating the highest quality cannabis experiences possible for cannabis consumers in the state of Michigan and bringing internationally renowned brands to market. Through years of progressive industry experience, the firm’s founding partners have successfully built and grown operations with federal and state licenses, including cultivation, processing and retail locations. Gage’s portfolio includes city and state approvals for 19 “Class C” cultivation licenses, three processing licenses and 12 provisioning centers (dispensaries). For more information about the company, visit www.GageUSA.com.
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