Gage Growth Corp. (CSE: GAGE) (OTC: GAEGF) is a leading high-quality craft cannabis brand and operator in Michigan. The company is currently focused exclusively on the Michigan market, working with the declared goal of building the fastest growing cannabis brand in the state.
One of the reasons Gage targeted Michigan as its location of choice is due to the state’s fast-growing legal cannabis market and consumption habits amongst consumers. In 2018, Michigan became the 10th state to legalize the recreational use of cannabis. In light of such favorable market dynamics, Gage opened its first medical provisioning center (dispensary) shortly after, in
2019. The company now has 13 medical or adult-use locations open or in the works, with the goal of opening 20 or more locations by year-end. Gage’s current portfolio features 19 Class C cultivation licenses across three cultivation assets and three processing licenses.
Current Asset and Brand Portfolio
Gage’s current brand portfolio consists of five unique product classes: flower products, edibles, hardware, concentrates and vape pens/disposables.
The company has already created relationships with a wealth of exclusive brand partners, including some of the most illustrious brands in the country. Notably, Gage’s exclusive partnership with Cookies, one of the most well-respected cannabis lifestyle brands in the United States, illustrates Gage’s operational prowess in cultivating quality flower and operating its
branded retail stores. Today, Gage operates two Cookies branded stores, including the 8 Mile Cookies location in Detroit and the Kalamazoo location.
Committed to providing only products of the highest quality, Gage uses small-batch, indoor-grown, high-quality cannabis that is hand-trimmed and hung to dry. Gage ensures that every gram of cannabis sold is consistently of the highest quality and offers a superb customer experience.
The company currently has three cultivation assets, in addition to a number of contract grow agreements. Gage-operated cultivation facilities are located at Monitor Township (expansion planned), Harrison Township and Warren.
Its operating dispensaries include Ferndale (adult-use), Adrian (adult-use), Lansing (adult-use), Traverse City (medical), Detroit (Cookies establishment – medical), Grand Rapids (adult-use), Kalamazoo (Cookies establishment – adult-use), Battle Creek (medical) and Jackson (medical).
- Gage Growth is one of the leading vertically integrated operators in the cannabis industry.
- Its current focus is the Michigan market, which is valued at an estimated $3 billion and recorded $154 million in cannabis sales in April 2021, which, when annualized, represents $1.85 billion.
- The company currently has nine dispensaries across Michigan, with the potential to have 90% of the state’s population within a one-hour drive as it continues to expand its dispensary network, offering a wide range of products and even home delivery options.
- Gage is planning to expand its cultivation facility in Monitor Township and open additional provisioning centers (dispensaries) in Michigan throughout 2021. Gage is planning to open 20 or more locations by the end of 2021.
About CannabisNewsWire (CNW)
CannabisNewsWire (CNW) is a multifaceted financial news and publishing company that delivers a new generation of social communication solutions, news aggregation and syndication, and enhanced news release services. Leveraging a professional team of journalists and writers, CNW introduces private and public companies to a wide audience of investors, consumers,
journalists and the general public via social media and a rapidly expanding network of over 5,000 key distribution outlets. Cutting through information overload, CNW's innovative and proprietary systems clearly and succinctly deliver its clients much needed visibility, recognition and brand awareness. CNW is where news, content and information converge.