Craft cannabis brand Gage Growth Corp., also known as Gage Cannabis, is poised to list its shares on the Canadian Stock Exchange.
The Detroit-based company announced Thursday that its subordinated voting stock will trade on Tuesday April 6 under the symbol “GAGE”.
“We are humble at the support we have received from our shareholders, customers, strategic partners and those who cheered us on the sidelines in anticipation of our listing,” said Fabian Monaco, CEO of the company.
“As a publicly traded company, this milestone will increase our visibility, enable us to attract new investors, increase our brand awareness and open doors to exciting new business opportunities.”
Gage completed its previously initiated Tier 2 Regulation A equity financing round in January. The company raised $ 50 million by issuing 28.57 million subordinated voting shares at $ 1.75 each prior to a potential IPO.
In addition to fueling retail expansion, the company intends to use the proceeds to fund potential acquisitions and scale its business in the Michigan cannabis market.
Gage recently opened its first two cookie delivery centers in Kalamazoo and Detroit to further strengthen its partnership with the founder and CEO of cannabis brand Berner, also known as Gilbert Anthony Milam Jr.
Cookies were launched in Michigan in 2019 in partnership with Gage.
Photo courtesy of Gage.
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