Fast-Growing Michigan Market Next in Line for Gage Cannabis Co., IPO Planned for 2021
Oct 23, 2020
- Gage expanding in Michigan, one of fastest-growing legal cannabis markets in United States
- Adult-use cannabis revenues in Michigan projected at $1 billion per year for 2021, surpassing $1.5 billion by 2023
- Gage currently operates 5 dispensaries, planning to open and operate 8-10 by the end of 2020, with 20+ expected to open by the end of 2021
- YTD revenue estimated at $30+ million, 157% increase from January to September 2020
- Gage planning Canadian listing for Q1 2021
Bruce Linton, a pioneer of the global cannabis industry and current executive chairman of Gage Cannabis Co., has set his sights on Michigan as the next big market for the rapidly growing cannabis industry in the United States. As a leading vertically integrated operator in the industry, Gage has already made significant headway into Michigan and is well-positioned to expand its footprint in record time.
“Michigan is one of the top cannabis markets in the U.S., and I am confident Gage is poised to continue building on its historical execution and fortifying its position as one of the top operators and brands in Michigan, as well as a name consumers look for across the United States,” said Linton in recent statements…
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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