Gage Cannabis, the leading high-quality craft cannabis brand in Michigan, has announced the final closing of its Regulation A, Tier 2, equity financing (the “offering”). In total, Gage secured gross proceeds of US$50,000,000, the maximum amount qualified under the company’s offering circular, through the issuance of 28,571,400 subordinate voting shares. The oversubscribed offering included institutional and retail investor demand and significantly expanded the Gage’s ownership base through the addition of over 1,000 new shareholders. “We are humbled and excited by the significant interest and investor demand we received for our oversubscribed Reg A financing,” said Fabian Monaco, president of Gage. “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 Cannabis Co.
Gage Cannabis 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 13 provisioning centers (dispensaries). For more information, visit the company’s website at www.GageUSA.com.
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