Gage (CSE: GAGE) (OTC: GAEGF), a leading high-quality craft cannabis brand and operator, has entered into a definitive arrangement agreement with TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) to be acquired. According to the agreement, TerrAscend will acquire all of the issued and outstanding subordinate voting shares of Gage, thereby establishing a leading presence in Michigan, which is the third-largest cannabis market in the United States. The agreement combines the industry-leading retail, cultivation and operations teams from both countries and brings together 7 cultivation facilities and 23 operational retail locations in 5 states; the resulting company will serve both medical and adult-use cannabis markets in the United States and Canada. Speaking of the acquisition, TerrAscend officials noted that the planned acquisition will create one of the largest and most dynamic companies in the industry as well as provide patients and customers with best-in-class product offerings and retail experiences. “Our shared strategic and corporate values make this combination a strong fit,” said Gage CEO Fabian Monaco in the press release. “We also recognize the incredible success that TerrAscend has enjoyed in recent years. We could think of no better company to partner with as we execute on our shared strategy of deep vertical integration and scale in our core markets, with a vision of creating the most consumer-centric cannabis company in the world.”
To view the full press release, visit https://ibn.fm/58Wej
About Gage Growth Corp.
Gage Growth 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 company’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, 3 processing licenses and 15 provisioning centers, or dispensaries. For more information, visit the company website at www.GageUSA.com.
NOTE TO INVESTORS: The latest news and updates relating to GAGE are available in the company’s newsroom at https://ibn.fm/GAGE
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