- Gage Cannabis recently closed on Regulation A equity financing offering, raising gross proceeds of $50 million
- Issuance was oversubscribed, resulted in addition of over 1,000 new investors to Gage Cannabis’ shareholder base
- Gage Cannabis plans to use the proceeds to further expand Gage’s retail reach, pursue M&A opportunities and help solidify the company’s position as one of the leading operators in the state of Michigan
- Company also announced appointment of Richard Mavrinac to Board of Directors
Gage Growth Corp. (d.b.a. Gage Cannabis) (“Gage Cannabis”), a leading vertically integrated cannabis operator currently focused exclusively on the Michigan market, recently announced that it had successfully concluded its Regulation A, Tier 2, equity financing offering. The equity issuance consisted of Gage Cannabis issuing 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 and has led to a significant expansion of the company’s shareholder base through the addition of over 1,000 new investors (https://cnw.fm/WnV1P).
“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…
NOTE TO INVESTORS: The latest news and updates relating to Gage Cannabis are available in the company’s newsroom at https://cnw.fm/GAGE
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